NASDAQ$STKS

One Group Hospitality Inc/Th · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter financial results with revenue and Adjusted EBITDA increasing.

The ONE Group reported a strong first quarter with a 46.9% increase in total GAAP revenues, reaching $74.2 million, and a 65.5% increase in Adjusted EBITDA to $10.8 million. Consolidated comparable sales increased by 45.1% compared to 2021 and net income attributable to The ONE Group was $3.7 million, or $0.11 per share.

  • Total GAAP revenues increased 46.9% to $74.2 million.
  • GAAP net income attributable to The ONE Group was $3.7 million, or $0.11 per share.
  • Restaurant Operating Profit increased 40.8% to $13.0 million.
  • Adjusted EBITDA increased 65.5% to $10.8 million.

Headline financials

Total Revenue

$74.2M

Previous: $50.5M+46.9%
EPS (adj)

$0.15

Previous: $0.05+200.0%
Consolidated Comparable Sales

45.1%

No prior period
Adjusted EBITDA

$10.7M

Previous: $6.5M+64.3%
Restaurant Operating Profit

$13M

No prior period
Capital Expenditures

-$4.45M

Previous: -$2.62M-70.2%
Free Cash Flow

-$780K

Previous: -$2.55M+69.4%
Net Income

$3.67M

Previous: $70K+5142.9%
Operating Income

$4.2M

Previous: $857K+390.3%
Gross Profit

$16.7M

Previous: $10.6M+58.0%
Cash & Equivalents

$28.6M

Previous: $28.4M+0.7%
Total Assets

$237M

Previous: $218M+8.4%
Stock-Based Comp

$879K

No prior period

Revenue & EPS history

One Group Hospitality · Revenue · Quarterly

$74.2M

Q1 2022+46.9%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

One Group Hospitality · $76.9M total across 2 segments · Q3 2023

  • Owned Restaurant Net Revenue
    $73.7M
  • Management, License, Franchise and Incentive Fee Revenue
    $3.18M

Forward guidance

The company provided preliminary targets for the second quarter of 2022.

Tailwinds

  • Total GAAP revenues of approximately $76.5 million to $79.0 million
  • Owned restaurant net revenue of $73.0 million to $75.0 million
  • Management, license and incentive fee revenue of $3.5 million to $4.0 million
  • Total G&A of approximately $7.0 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+2.0%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+4.0%

Avg return

30 days after

53%

25 / 47 earnings

Positive

+32.4%

Q2 2020

Best reaction

-18.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%+10.3%-2.2%
Q4 2025+6.4%+6.4%-2.3%
Q3 2025-3.1%-8.2%-0.5%
Q1 2025+0.7%-14.8%-12.4%
Q4 2024+0.8%+8.5%+7.8%
Q3 2024-13.3%-16.3%-9.0%
Q2 2024-15.0%-14.8%-16.9%
Q1 2024-4.5%+9.7%+9.1%
Q4 2023+7.6%+17.1%+47.7%
Q3 2023-0.4%-1.8%+9.7%
Q2 2023-5.2%-5.0%-1.0%
Q1 2023+2.0%-10.9%-4.3%
Q4 2022-3.5%-4.7%-2.6%
Q3 2022-18.7%-26.5%-7.8%
Q2 2022-9.3%-5.5%-19.9%
Q1 2022-0.6%-5.5%-0.1%
Q4 2021+6.2%+14.1%+3.3%
Q3 2021+5.9%+7.0%-15.6%
Q2 2021+20.6%+7.1%+1.7%
Q1 2021+22.6%+14.3%+38.0%
Q4 2020-7.3%-5.2%+7.1%
Q3 2020+22.2%+30.9%+36.1%
Q2 2020+32.4%+16.6%+16.6%
Q1 2020-5.8%-12.3%+43.5%
Q4 2019+28.0%-2.3%+6.1%
Q3 2019+4.1%+1.6%+1.9%
Q2 2019-1.4%-11.3%-8.4%
Q1 2019-3.9%-7.9%-15.8%
Q4 2018-3.0%-0.5%+0.3%
Q3 2018-1.0%-1.7%-21.0%
Q2 2018-2.1%+3.5%+14.0%
Q1 2018+7.6%+10.3%+9.4%
Q4 2017+6.2%+5.0%-9.7%
Q3 2017+4.0%+24.7%+40.0%
Q2 2017+1.1%-0.6%-14.2%
Q1 2017+2.5%+1.1%-4.7%
Q4 2016+9.3%+11.6%+27.7%
Q3 2016+1.7%-1.3%+11.2%
Q2 2016-10.9%-12.4%-6.9%
Q1 2016+1.2%
Q4 2015+9.1%
Q3 2015+4.2%
Q2 2015-6.3%
Q1 2015+0.0%
Q4 2014+0.2%
Q3 2014+0.0%
Q2 2014+0.0%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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