NASDAQ$STKS

One Group Hospitality Inc/Th · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reports financial results for the second quarter ended June 30, 2020 and provided an update related to COVID-19.

The ONE Group Hospitality reported a decrease in total GAAP revenues by 29.4% to $16.7 million compared to $23.6 million in the same period last year. GAAP net loss attributable to The ONE Group was $2.9 million, or $0.10 net loss per share, compared to GAAP net loss of $0.3 million, or $0.01 net loss per share. Adjusted EBITDA decreased to ($0.8) million compared to $2.1 million.

  • Total GAAP revenues decreased 29.4% to $16.7 million from $23.6 million.
  • Consolidated comparable sales decreased 66.7% but improved sequentially through the quarter.
  • GAAP net loss attributable to The ONE Group was $2.9 million, or $0.10 net loss per share, compared to GAAP net loss of $0.3 million, or $0.01 net loss per share, including $0.7 million of incremental costs related to COVID-19.
  • Adjusted EBITDA decreased to ($0.8) million compared to $2.1 million.

Headline financials

Total Revenue

$16.7M

Previous: $23.6M-29.4%
EPS (adj)

-$0.08

Previous: $0.01-900.0%
Consolidated Comparable Sales

-66.7%

Previous: 6.4%-1142.2%
Capital Expenditures

-$1.68M

Previous: -$2.92M+42.4%
Free Cash Flow

-$4.55M

Previous: -$3.24M-40.6%
Net Income

-$2.87M

Previous: -$322K-791.9%
Operating Income

-$5.28M

Previous: $477K-1207.5%
Gross Profit

$452K

Previous: $4.45M-89.8%
Cash & Equivalents

$23.5M

Previous: $799K+2836.2%
Total Assets

$210M

Previous: $95.5M+120.2%
Stock-Based Comp

$482K

Previous: $456K+5.7%

Revenue & EPS history

One Group Hospitality · Revenue · Quarterly

$16.7M

Q2 2020-29.4%vs Q2 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

One Group Hospitality · $16.7M total across 2 segments · Q2 2020

  • Owned Restaurant Net Revenue
    $16.5M
  • Management, License, Franchise and Incentive Fee Revenue
    $135K

Forward guidance

The ONE Group suspended guidance for 2020 due to the negative effect COVID-19 is having on its operations and financial performance.

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 Q2 2020

Historical avgQ2 2020

+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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