ONE Group Hospitality, Inc.

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.

The ONE Group Hospitality, Inc. reported its second quarter 2026 financial results, with total GAAP revenues decreasing 3.3% to $200.5 million due to restaurant closures. However, the company achieved positive consolidated comparable sales growth of 0.9% and a substantial increase in GAAP operating income to $6.6 million from $0.7 million in the prior year. The company emphasized capital-efficient growth, including new licensed STK locations and Benihana Express expansion, alongside portfolio optimization through restaurant conversions. Full-year 2026 guidance was updated, projecting total GAAP revenues between $805 million and $820 million and Adjusted EBITDA between $95 million and $105 million.

The Audit Committee of ONE Group Hospitality, Inc. dismissed Deloitte & Touche LLP as its independent registered public accounting firm, effective June 30, 2026, following a competitive selection process. The company subsequently engaged Grant Thornton, LLP as its new independent auditor for the fiscal year ending December 27, 2026, also effective June 30, 2026. The filing confirmed there were no disagreements or reportable events with Deloitte, and no prior consultations with Grant Thornton that influenced the decision.

ONE Group Hospitality held its 2026 Annual Meeting, where stockholders approved all four proposals. This included the election of three Class I directors, the ratification of Deloitte & Touche as the independent auditor, and the advisory approval of executive compensation. Stockholders also approved an amendment to the 2019 Equity Incentive Plan to increase the number of shares issuable. The company also announced it would make an updated investor presentation available on its website.

ONE Group Hospitality, Inc. reported a significant increase in net income attributable to the company and operating income for the three periods ended March 29, 2026. Net income attributable to the company rose 228.4% to $3.2 million, while operating income increased 29.5% to $13.9 million. Total revenues saw a modest increase of 0.8% to $212.8 million. Despite these improvements, the company reported a net loss available to common stockholders of $(6.2) million, primarily due to Series A Preferred Stock dividends and accretion.

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.