Quarterly ResultMay 6, 2026, 05:17 PM
ONE Group Q1 Revenue $212.8M, Net Income $3.2M, Adj. EBITDA +12.1%
AI Summary
The ONE Group Hospitality, Inc. reported strong first-quarter 2026 financial results, with total GAAP revenues increasing 0.8% to $212.8 million and net income attributable to the company rising significantly to $3.2 million. Adjusted EBITDA grew 12.1% to $28.8 million, driven by improved restaurant margins and operational efficiencies. The company also reduced debt by $9.1 million, eliminated its revolving facility balance, and is progressing with strategic portfolio optimization and capital-efficient growth initiatives, including Grill Concepts conversions and asset-light franchise expansion.
Key Highlights
- Total GAAP revenues increased 0.8% to $212.8 million.
- Net income attributable to The ONE Group Hospitality, Inc. rose to $3.2 million from $1.0 million.
- Adjusted EBITDA increased 12.1% to $28.8 million.
- Restaurant Operating Profit margin improved by 100 basis points to 19.1%.
- STK comparable sales grew 1.4%; Benihana comparable sales were stable.
- Reduced debt by $9.1 million, eliminating the revolving facility balance.
- Capital expenditures, net of allowances, decreased 23% year-over-year.
- Reiterated full-year 2026 guidance for revenues ($840-$855M) and Adjusted EBITDA ($100-$110M).