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The ONE Group Hospitality Swings to Q1 Adjusted Profit Amid Higher Revenue

05/11/2021 13:07

04:54 PM EDT, 05/11/2021 (MT Newswires) -- The ONE Group Hospitality (STKS) reported Tuesday Q1 adjusted earnings of $0.05 per share, compared with a loss of $0.13 per share a year earlier.

Revenue came in at $50.5 million, up from $40.7 million a year ago. Total owned restaurant net revenues increased 27.5% year over year, while comparable restaurant sales grew 23.5%.

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