NASDAQ$STKS

One Group Hospitality Inc/Th · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

The company reported all-time record quarterly revenues and significant comparable sales increases compared to both 2020 and 2019.

The ONE Group Hospitality, Inc. reported an 81.6% increase in total GAAP revenues to $71.9 million, a GAAP net income of $11.7 million, or $0.34 per share, and an adjusted EBITDA increase to $10.0 million.

  • Total GAAP revenues increased 81.6% to $71.9 million, a quarterly record.
  • GAAP net income attributable to The ONE Group was $11.7 million, or $0.34 net income per share ($0.11 adjusted net income per share).
  • Adjusted EBITDA increased to $10.0 million from $4.7 million.
  • Consolidated comparable sales increased 44.7% for the quarter.

Headline financials

Total Revenue

$71.9M

Previous: $39.6M+81.6%
EPS (adj)

$0.11

Previous: -$0.03+466.7%
Consolidated Comparable Sales

44.7%

No prior period
Adjusted EBITDA

$10M

Previous: $4.7M+112.8%
Restaurant Operating Profit

$11.6M

No prior period
Capital Expenditures

-$8.11M

Previous: -$2.66M-205.0%
Free Cash Flow

$3.56M

Previous: -$3.54M+200.7%
Net Income

$11.7M

Previous: -$875K+1433.8%
Operating Income

$5.06M

Previous: $20K+25190.0%
Gross Profit

$15.5M

Previous: $8.02M+93.2%
Cash & Equivalents

$19.1M

Previous: $26.6M-28.2%
Total Assets

$217M

Previous: $217M+0.1%
Stock-Based Comp

$679K

Previous: $496K+36.9%

Revenue & EPS history

One Group Hospitality · Revenue · Quarterly

$71.9M

Q3 2021+81.6%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

One Group Hospitality · $71.9M total across 2 segments · Q3 2021

  • Owned Restaurant Net Revenue
    $68M
  • Management, License, Franchise and Incentive Fee Revenue
    $3.9M

Forward guidance

The Company intends to open thirteen new STK and F&B venues in 2021 and 2022 and three to five Kona Grill locations in 2022.

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 Q3 2021

Historical avgQ3 2021

+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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