Overview

* One Group Q3 revenue falls 7.1% yr/yr, missing analysts' expectations

* Net loss widened to $76.7 mln due to tax expense and impairment loss

* Adjusted EBITDA for Q3 missed analysts' estimates, reflecting profitability pressures

Outlook

* Company expects 2025 GAAP revenues between $820 mln and $825 mln

* Company anticipates 2025 comparable sales decline of 2% to 3%

* Company plans to open 5-7 new venues in 2025

Result Drivers

* GRILL OPTIMIZATION - Co closed six underperforming Grill locations and plans to convert up to nine more to enhance profitability

* COMMODITY COSTS - Rising commodity costs outpaced pricing adjustments, impacting profitability, per CEO Emanuel Manny Hilario

* BENIHANA INTEGRATION - Benihana integration exceeded expectations, contributing to positive performance, per CEO Emanuel Manny Hilario

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $180.20 $191.10

Revenue mln mln (6

Analysts

)

Q3 Net -$76.70

Income mln

Q3 Miss $10.60 $17.29

Adjusted mln mln (6

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy"

* Wall Street's median 12-month price target for One Group Hospitality Inc ( STKS ) is $5.00, about 58% above its November 5 closing price of $2.10

* The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)