The ONE Group Hospitality, Inc. Announces Preliminary Sales for the Fourth Quarter and Full Year Ended December 31, 2018
January 10, 2019 at 04:11 pm
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The ONE Group Hospitality, Inc. announced preliminary sales for the fourth quarter and full year ended December 31, 2018. For the quarter, total GAAP revenues are expected to be approximately $25 million, an approximate 16% increase from $21.5 million for the same quarter last year.
For the full year ended December 31, 2018, total GAAP revenues are expected to be approximately $85 million, an approximate 7% increase from $79.7 million for 2017. On November 12, 2018, the company had reiterated previous guidance of 2018 revenues between $80 million and $85 million.
The ONE Group Hospitality, Inc. is an international restaurant company, which develops and operates upscale and polished casual, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos, and other high-end venues. Its primary restaurant brands and operations are STK, an American steakhouse concept with restaurants in various metropolitan cities in the United States, Europe, and the Middle East, featuring steaks, seafood, and specialty cocktails; Benihana, an operator of highly differentiated experiential brands that owns the national teppanyaki brand in the United States; Kona Grill, a polished casual, bar-centric grill concept with restaurants in the United States; RA Sushi, a Japanese cuisine concept, and ONE Hospitality, its food and beverage hospitality services business that develops, manages, and operates restaurants and turnkey food and beverage services within high-end hotels and casinos operating in the United States and Europe.
THE ONE GROUP HOSPITALITY, INC. 
