--- title: "One Group Hospitality | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 212.82 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285442312.md" datetime: "2026-05-06T21:16:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285442312.md) - [en](https://longbridge.com/en/news/285442312.md) - [zh-HK](https://longbridge.com/zh-HK/news/285442312.md) --- # One Group Hospitality | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 212.82 M Revenue: As of FY2026 Q1, the actual value is USD 212.82 M, missing the estimate of USD 217.69 M. EPS: As of FY2026 Q1, the actual value is USD -0.2, missing the estimate of USD -0.17. EBIT: As of FY2026 Q1, the actual value is USD 13.9 M. #### Total GAAP Revenues 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. Owned restaurant net revenue was $209.292 million in Q1 2026, up from $207.398 million in Q1 2025. Management, license, franchise, and incentive fee revenue was $3.524 million in Q1 2026, down from $3.731 million in Q1 2025. #### Net Income 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. Net income was $2.989 million in Q1 2026, up from $0.622 million in Q1 2025. The net loss available to common stockholders was - $6.193 million in Q1 2026, an improvement from - $6.616 million in Q1 2025. #### Operating Income 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. As a percentage of total revenues, operating income was 6.5% in Q1 2026, up from 5.1% in Q1 2025. #### Adjusted EBITDA 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. The reported Adjusted EBITDA was $28.507 million in Q1 2026, compared to $25.431 million in Q1 2025. #### Restaurant Operating Profit 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. Restaurant Operating Profit, excluding Grill Concepts restaurants closed, was $39.908 million in Q1 2026, up from $35.936 million in Q1 2025. 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. 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. #### Cost of Sales and Operating Expenses 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. Total owned operating expenses were $169.570 million in Q1 2026, down from $171.895 million in Q1 2025. 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. #### Cash Flow Operating cash flow generated in the first quarter was $21.7 million. Capital expenditures, net of tenant improvement allowances, were reduced by 23% year-over-year. #### Liquidity 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. 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. #### Comparable Sales Consolidated comparable sales decreased by 0.3% for the first quarter ended March 29, 2026. STK’s comparable sales growth was 1.4%, while Benihana’s performance was stable. Grill Concepts Core Owned Restaurants saw a -4.9% comparable sales change, and Grill Concepts Non-Core Owned Restaurants experienced a -13.1% change. #### Outlook / Guidance for 2026 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. 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. ### Related Stocks - [STKS.US](https://longbridge.com/en/quote/STKS.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Bureau Veritas: All resolutions passed at May 19, 2026 Shareholders' Meeting.](https://longbridge.com/en/news/286946080.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [FRONTERA ANNOUNCES FIRST QUARTER 2026 RESULTS | FECCF Stock News](https://longbridge.com/en/news/286507909.md) - [GDEV announces results for the first quarter of 2026 | GDEV Stock News](https://longbridge.com/en/news/286909689.md)