<span item_type="fundamental" item_id="1c680bd6480897d26913a6697c5e365d" counter_id="ST/US/STKS" env="prod"></span><span item_type="announcement" item_id="645492012929581185" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 212.82 M, missing the estimate of USD 217.69 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.2, missing the estimate of USD -0.17.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 13.9 M.</p><p></p><h4>Total GAAP Revenues</h4><p>Total GAAP revenues for The ONE Group Hospitality, Inc. increased by 0.8% to $212.8 million for the first quarter ended March 29, 2026, compared to $211.1 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Owned restaurant net revenue was $209.292 million in Q1 2026, up from $207.398 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Management, license, franchise, and incentive fee revenue was $3.524 million in Q1 2026, down from $3.731 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Net Income</h4><p>GAAP net income attributable to The ONE Group Hospitality, Inc. increased to $3.2 million for the first quarter ended March 29, 2026, compared to $1.0 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Net income was $2.989 million in Q1 2026, up from $0.622 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> The net loss available to common stockholders was - $6.193 million in Q1 2026, an improvement from - $6.616 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Operating Income</h4><p>Operating income increased 30% to $13.897 million for the first quarter ended March 29, 2026, from $10.729 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> As a percentage of total revenues, operating income was 6.5% in Q1 2026, up from 5.1% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA attributable to The ONE Group Hospitality, Inc. increased by 12.1% to $28.8 million for the first quarter ended March 29, 2026, from $25.7 million for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> The reported Adjusted EBITDA was $28.507 million in Q1 2026, compared to $25.431 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Restaurant Operating Profit</h4><p>Restaurant Operating Profit increased by 100 basis points to 19.1% of owned restaurant net revenue (excluding Grill Concepts restaurants closed) for the first quarter ended March 29, 2026, from 18.1% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Restaurant Operating Profit, excluding Grill Concepts restaurants closed, was $39.908 million in Q1 2026, up from $35.936 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> STK restaurant operating profit (Company owned) was $12.973 million (21.3% of STK revenue) in Q1 2026, compared to $10.136 million (18.5% of STK revenue) in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Benihana restaurant operating profit (Company owned) was $25.387 million (21.1% of Benihana revenue) in Q1 2026, compared to $22.886 million (19.8% of Benihana revenue) in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Cost of Sales and Operating Expenses</h4><p>Owned restaurant cost of sales as a percent of owned restaurant net revenue improved to 19.4% for the first quarter ended March 29, 2026, from 20.8% for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Total owned operating expenses were $169.570 million in Q1 2026, down from $171.895 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> As a percentage of owned restaurant net revenue, total owned operating expenses were 81.0% in Q1 2026, an improvement from 82.9% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Cash Flow</h4><p>Operating cash flow generated in the first quarter was $21.7 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Capital expenditures, net of tenant improvement allowances, were reduced by 23% year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Liquidity</h4><p>As of March 29, 2026, The ONE Group Hospitality, Inc. held $17.9 million in cash and short-term credit card receivables and had $33.7 million available under its revolving credit facility, totaling $51.6 million in short-term liquidity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Long-term debt, net of current portion, unamortized discount, and debt issuance costs, was $325.575 million as of March 29, 2026, down from $334.013 million as of December 28, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Comparable Sales</h4><p>Consolidated comparable sales decreased by 0.3% for the first quarter ended March 29, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> STK’s comparable sales growth was 1.4%, while Benihana’s performance was stable.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> Grill Concepts Core Owned Restaurants saw a -4.9% comparable sales change, and Grill Concepts Non-Core Owned Restaurants experienced a -13.1% change.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p><h4>Outlook / Guidance for 2026</h4><p>For the second quarter of 2026, The ONE Group Hospitality, Inc. anticipates total GAAP revenues between $202 million and $206 million, with consolidated comparable sales growth of 1% to 2%. For the full year 2026, the company projects total GAAP revenues ranging from $840 million to $855 million, consolidated comparable sales growth of 1% to 3%, and Consolidated Adjusted EBITDA between $100 million and $110 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span> The company also expects to open 6 to 10 new system-wide venues and targets total capital expenditures, net of allowances, of $38 million to $42 million for the full year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1399520/000110465926056358/stks-20260506xex99d1.htm"></span></p>

One Group Hospitality | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 212.82 M