ONE Group Hospitality Q2 revenue falls more than expected amid restaurant closures
STKS•Outlook
- Company sees Q3 revenue of $176 mln to $180 mln
- Company expects 2026 revenue of $805 mln to $820 mln
- Company targets 2026 adjusted EBITDA of $95 mln to $105 mln
Quarterly results and drivers
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U.S. restaurant operator's Q2 revenue fell 3.3%, missing analyst expectations
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Comparable sales rose 0.9% and restaurant operating profit margin improved to 16.4%
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Company reduced capital expenditures by 38% and prioritized asset-light, capital-efficient growth
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RESTAURANT CLOSURES - Co said revenue decline was due to permanent and temporary restaurant closures
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COMPARABLE SALES GROWTH - Co reported positive comparable sales and transaction growth across all business segments
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MARGIN EXPANSION - Co attributed improved margins to execution of operational and strategic initiatives, including portfolio optimization and asset-light expansion
