STKS - ONE Group Hospitality Non-GAAP EPS of $0.06 misses by $0.09 revenue of $83.93M misses by $7.7M

2023-08-03 16:38:36 ET

• ONE Group Hospitality press release ( NASDAQ: STKS ): Q2 Non-GAAP EPS of $0.06 misses by $0.09 .
• Revenue of $83.93M (+3.5% Y/Y) misses by $7.7M .
• Restaurant Operating Profit decreased $0.8 million, or 6.6%, to $11.9 million and represented 14.9% of Company-owned restaurant net revenues in the second quarter of 2023 compared to $12.8 million and 16.6% of Company-owned restaurant net revenues in the second quarter of 2022.
• Adjusted EBITDA decreased $1.8 million, or 17.6%, to $8.5 million in the second quarter of 2023 from $10.4 million in the second quarter of 2022.

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