The ONE Group Revenue Increased 146.7% in Q4 2024

Exec Edge03-11

By Karen Roman

The ONE Group Hospitality, Inc. (Nasdaq: STKS) said fourth quarter revenue increased 146.7% to $221.9 million from $89.9 million and operating income rose 158.9% to $12.8 million from $4.9 million.

The company opened six new restaurants in 2024 and plans to open five to seven more in 2025, it declared.

The ONE Group expects revenue between $200 and $205 million for Q1 2025 and adjusted EBITDA from $24 to $26 million, the company said.

“We were pleased that annual revenue and adjusted EBITDA reached the higher end of our guided ranges,” said Emanuel “Manny” Hilario, the company’s President and CEO.

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Executives-Edge.com

Editor@executives-edge.com

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