Quarterly ResultAug 7, 2026, 04:53 PM
ONE Group Hospitality Reports Q2 Net Loss $(2.1M), 6-Period Net Income $0.6M
AI Summary
ONE Group Hospitality reported a net income of $0.6 million for the six periods ended June 28, 2026, a significant improvement from a net loss of $(9.7) million in the prior year. For the three periods ended June 28, 2026, the company posted a net loss of $(2.1) million, an improvement from $(10.1) million year-over-year. While total revenues slightly decreased to $413.3 million for the six-period, operating income and net cash provided by operating activities saw substantial increases. The company also restated prior period EPS due to an identified calculation error.
Key Highlights
- Net income attributable to ONE Group Hospitality for the six periods ended June 28, 2026, was $0.6 million, compared to a net loss of $(9.7) million in the prior year.
- Net loss for the three periods ended June 28, 2026, was $(2.1) million, an improvement from $(10.1) million in the prior year.
- Total revenues for the six periods ended June 28, 2026, decreased slightly to $413.3 million from $418.5 million.
- Operating income for the six periods ended June 28, 2026, increased to $20.5 million from $11.4 million.
- Net cash provided by operating activities for the six periods ended June 28, 2026, significantly increased to $33.0 million from $11.3 million.
- Basic net loss per common share for the three periods ended June 28, 2026, improved to $(0.36) from $(0.56).
- The company restated prior period EPS due to an error, adjusting basic loss per share for the three periods ended June 29, 2025, from $(0.59) to $(0.56).
- Long-term debt, net of current portion, decreased to $329.0 million as of June 28, 2026, from $334.0 million.
Price Impact
More from STKS