The ONE Group Reports Sixth Consecutive Quarter of Double-Diigit Growth

November 17, 2015

The ONE Group Hospitality, Inc. announced its financial results for the third quarter, which ended September 30.

Highlights were as follows: The third quarter marked its sixth consecutive quarter of double-digit revenue growth;Owned unit net revenues increased 27.5 percent to $13.3 million; Total GAAP revenue increased 23.1 percent to $15.3 million; Total food and beverage sales at owned and managed units increased 9.5 percent to $36.3 million; Management and incentive fee revenues were $1.9 million for the quarter; GAAP net loss for the quarter was $2 million, or ($0.08) per share, and included a one-time transaction costs of around $406,000; Adjusted…