The ONE Group Hospitality, Inc. is a global hospitality firm primarily involved in the development, ownership, operation, management, and licensing of restaurants and lounges. The company conducts its business through its distinct STK, Kona Grill, and ONE Hospitality segments. Beyond its own branded establishments, it provides comprehensive, turn-key food and beverage management and advisory solutions for diverse hospitality venues, including hotels, casinos, and other sites. These integrated services encompass the development, management, and operation of various outlets like restaurants, bars, rooftop spaces, pool areas, banqueting facilities, catering, private dining rooms, room service, and mini-bars. The company's main restaurant brands are STK and Kona Grill. As of December 31, 2021, The ONE Group's extensive portfolio included 60 owned, operated, managed, or licensed venues globally. This total comprised 23 STK and 24 Kona Grill locations spread across North America, Europe, and the Middle East, alongside 13 other food and beverage outlets situated within seven hotels and casinos in the United States and Europe. Established in 2004, the company is headquartered in Denver, Colorado.
The ONE Group Reports Second Quarter 2026 Financial Results
The ONE Group reported Q2 revenue of $200.5 million, down 3.3% year-over-year due to restaurant closures, but achieved positive consolidated comparable sales of 0.9% with positive transaction growth across all segments.
Operational execution improved materially with GAAP operating income increasing to $6.6 million from $0.7 million, driven by a 110 basis point expansion in restaurant operating profit to 16.4%.
The company updated its full-year 2026 guidance, projecting revenue of $805 to $820 million and Adjusted EBITDA of $95 to $105 million, while highlighting a strong liquidity position of $45.8 million.