Restaurant Equipment Articles : The ONE Group Announces Fourth Quarter and Fiscal Year 2015 Results
The fourth quarter marked our seventh consecutive quarter of double digit revenue growth; Owned unit net revenues increased 42.6% to $16.8 million
The ONE Group Announces Fourth Quarter and Fiscal Year 2015 Results
The fourth quarter marked our seventh consecutive quarter of double digit revenue growth; Owned unit net revenues increased 42.6% to $16.8 million
The ONE Group Hospitality, Inc (NASDAQ: STKS), today announced its financial results for the fourth quarter and full year ended December 31, 2015.
Highlights for the fourth quarter ended December 31, 2015 were as follows:
- The fourth quarter marked our seventh consecutive quarter of double digit revenue growth;
- Owned unit net revenues increased 42.6% to $16.8 million;
- Total GAAP revenue increased 29.2% to $18.6 million;
- Total food and beverage sales at owned and managed units* increased 16.3% to $41.7 million;
- Management and incentive fee revenues were $1.8 million for the quarter;
- GAAP net income attributable to The ONE Group Hospitality, Inc. for the quarter increased 3.5% to $1.6 million, or $0.07 per share; and
- Adjusted EBITDA was $2.0 millio
Restaurant Equipment Articles : The ONE Group Announces Fourth Quarter and Fiscal Year 2015 Results
The fourth quarter marked our seventh consecutive quarter of double digit revenue growth; Owned unit net revenues increased 42.6% to $16.8 million
The ONE Group Announces Fourth Quarter and Fiscal Year 2015 Results
The fourth quarter marked our seventh consecutive quarter of double digit revenue growth; Owned unit net revenues increased 42.6% to $16.8 million
The ONE Group Hospitality, Inc (NASDAQ: STKS), today announced its financial results for the fourth quarter and full year ended December 31, 2015.
Highlights for the fourth quarter ended December 31, 2015 were as follows:
- The fourth quarter marked our seventh consecutive quarter of double digit revenue growth;
- Owned unit net revenues increased 42.6% to $16.8 million;
- Total GAAP revenue increased 29.2% to $18.6 million;
- Total food and beverage sales at owned and managed units* increased 16.3% to $41.7 million;
- Management and incentive fee revenues were $1.8 million for the quarter;
- GAAP net income attributable to The ONE Group Hospitality, Inc. for the quarter increased 3.5% to $1.6 million, or $0.07 per share; and
- Adjusted EBITDA was $2.0 millio