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The ONE Group Hospitality, Inc. - STKS STOCK NEWS

Welcome to our dedicated page for The ONE Group Hospitality news (Ticker: STKS), a resource for investors and traders seeking the latest updates and insights on The ONE Group Hospitality stock.

The ONE Group Hospitality, Inc. (symbol: STKS) is a distinguished player in the hospitality industry, renowned for its development and operation of upscale, high-energy restaurants and lounges. The company is also known for its premier food and beverage service, ONE Hospitality, which delivers turn-key solutions for luxurious venues, including hotels, casinos, and other high-end locations, both domestically and internationally.

The flagship brand of The ONE Group is STK, a unique concept that seamlessly merges a modern steakhouse with a chic lounge. STK offers a dynamic, fine dining experience characterized by high-quality food and a vibrant, social atmosphere. Each STK venue features a DJ to create a high-energy environment, encouraging guests to interact and mingle, thus redefining the contemporary dining experience. STK aims to offer exceptional food, world-class service, and the perfect ambiance all in one place.

In addition to STK, the company's portfolio includes STK Rebel and Kona Grill. STK Rebel provides a similar vibe-driven steakhouse experience with a slightly broader appeal, while Kona Grill offers an extensive menu of contemporary American favorites, sushi, and specialty cocktails.

The ONE Group Hospitality operates through four segments: STK, Kona Grill, ONE Hospitality, and Corporate. The company generates most of its revenue from the domestic market, leveraging its renowned brands and exceptional service to maintain a significant presence in the hospitality sector.

Recent achievements and current projects highlight the company's continued growth and expansion. These include new restaurant openings, innovative dining concepts, and strategic partnerships that enhance its market position. Financially, The ONE Group Hospitality demonstrates a solid performance, reflecting its commitment to quality and customer satisfaction.

Stay updated with the latest news and developments about The ONE Group Hospitality, Inc. to learn more about its performance, events, and new initiatives shaping the future of dining experiences.

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STKS: The ONE Group Hospitality Reports Q3 2023 Financial Results with Total GAAP Revenues Up 5.3% to $76.9M. Comparable Sales Down 3.0% but Up 41.7% Compared to 2019. GAAP Net Loss of $3.1M. Plans to Open 5 Additional STK Locations in Next 6 Months.
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The ONE Group Hospitality, Inc. (Nasdaq: STKS) will host a conference call and webcast to discuss third quarter 2023 financial results on November 7, 2023. They will also participate in the Stephens Annual Investment Conference on November 16, 2023.
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The ONE Group Hospitality opens its third Kona Grill location in Arizona, offering an enhanced vibe dining experience and elevated menu offerings. The restaurant features elegant design elements and a $3, $6, $9 happy hour offering.
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STK Steakhouse opens its newest location in Charlotte, offering Vibe Dining experience with elevated culinary curations, cocktails, and live music.
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The ONE Group Hospitality, Inc. reported its financial results for Q2 2023, with total GAAP revenues increasing by 2.8% to $83.4 million. Consolidated comparable sales decreased by 4.7% compared to 2022, but increased by 46.5% compared to 2019. The company plans to open eight to twelve new venues in 2023 and targets a total addressable market of 200 STK restaurants globally and 200 Kona Grills domestically.
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The ONE Group Hospitality, Inc. will host a conference call and webcast to discuss second quarter 2023 financial results on August 3, 2023. A press release containing the financial results will be issued after market close.
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The ONE Group Hospitality, Inc. announces the opening of its Kona Grill Riverton location in Utah, offering an enhanced Vibe Dining experience and elevated menu offerings. This is part of the company's expansion initiatives and long-term growth strategy.
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FAQ

What is the current stock price of The ONE Group Hospitality (STKS)?

The current stock price of The ONE Group Hospitality (STKS) is $2.82 as of December 20, 2024.

What is the market cap of The ONE Group Hospitality (STKS)?

The market cap of The ONE Group Hospitality (STKS) is approximately 82.7M.

What is The ONE Group Hospitality, Inc.?

The ONE Group Hospitality, Inc. is a company that develops, operates, and manages upscale, high-energy restaurants and lounges, and offers turn-key food and beverage services for luxury venues.

What is the primary brand of The ONE Group?

The primary brand of The ONE Group is STK, a modern steakhouse combined with a chic lounge that emphasizes a social dining experience.

What does STK offer?

STK offers a fine dining experience with high-quality food, a vibrant atmosphere created by in-house DJs, and a sleek environment designed for social interaction.

Where does The ONE Group operate?

The ONE Group operates both domestically and internationally, providing upscale dining and beverage services in high-end locations such as hotels and casinos.

What other brands are part of The ONE Group?

In addition to STK, The ONE Group Hospitality also owns and operates STK Rebel and Kona Grill.

What is ONE Hospitality?

ONE Hospitality is the signature food and beverage service by The ONE Group, offering turn-key solutions for luxury venues.

How does STK Rebel differ from STK?

STK Rebel offers a similar vibe-driven steakhouse experience as STK but with a slightly broader appeal.

What type of cuisine does Kona Grill offer?

Kona Grill offers contemporary American cuisine, sushi, and specialty cocktails.

What are the recent achievements of The ONE Group?

The ONE Group has expanded its portfolio with new restaurant openings and innovative dining concepts, forming strategic partnerships to enhance its market presence.

What segments does The ONE Group operate through?

The ONE Group operates through four segments: STK, Kona Grill, ONE Hospitality, and Corporate.

The ONE Group Hospitality, Inc.

Nasdaq:STKS

STKS Rankings

STKS Stock Data

82.69M
25.61M
16.78%
48.07%
6.85%
Restaurants
Retail-eating Places
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United States of America
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