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 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 19 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
Q2 2025———
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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