The ONE Group Hospitality, Inc., a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations. Its hospitality food and beverage solutions include developing, managing, and operating restaurants, bars, rooftops, pools, banqueting, catering, private dining rooms, room service, and mini bars; and offers hospitality advisory and consulting services. The company operates restaurants primarily under the STK and Kona Grill brands. As of December 31, 2021, it owned, operated, managed, or licensed 60 venues, including 23 STKs and 24 Kona Grills in North America, Europe, and the Middle East, as well as 13 F&B venues in seven hotels and casinos in the United States and Europe. The ONE Group Hospitality, Inc. was founded in 2004 and 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.