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The ONE Group Reports Fourth Quarter and Full Year 2024 Financial Results

1. STKS reports Q4 2024 revenues up 146.7% to $221.9 million. 2. Acquisition of Benihana positively impacts financial results.

Earnings
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$2.8703/10 04:14 PM EDTEvent Start
$2.53503/11 10:50 PM EDTLatest Updated
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FAQ

Why Very Bullish?

The significant revenue growth indicates strong operational performance and increased market share. Historically, similar revenue increases in the hospitality sector have led to stock price appreciation.

How important is it?

The dramatic increase in revenues is likely to boost investor confidence and attract new investments, enhancing STKS's market presence.

Why Short Term?

Immediate investor sentiment may react positively to the strong quarterly results, impacting short-term stock performance. However, sustaining this growth long-term relies on effective integration of Benihana.

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CZRCMGDRI
DENVER--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the fourth quarter and full year ended December 31, 2024. Highlights for the fourth quarter 2024 compared to the same quarter in 2023 are as follows (the prior year quarter excludes any contribution from the acquisition of Benihana Inc. which closed in May 2024): Total GAAP revenues increased 146.7% to $221.9 million from $89.9 million; Consolidated.

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