The ONE Group Hospitality, Inc. Announces Consolidated Preliminary Sales Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 11, 2022 at 06:36 pm IST
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The ONE Group Hospitality, Inc. announced consolidated preliminary sales results for the fourth quarter and full year ended December 31, 2021. For the quarter, the company reported Total revenues increased approximately 86.4% to approximately $83.9 million from $45.0 million compared to the same period in 2020; Consolidated comparable sales increased 49.8% compared to the same period in 2019.
For the year, the company reported Total revenues are expected to be approximately $277.0 million, an estimated 95.1% increase from $141.9 million for the full year 2020.
The ONE Group Hospitality, Inc. is an international restaurant company, which develops and operates upscale and polished casual, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos, and other high-end venues. Its primary restaurant brands and operations are STK, an American steakhouse concept with restaurants in various metropolitan cities in the United States, Europe, and the Middle East, featuring steaks, seafood, and specialty cocktails; Benihana, an operator of highly differentiated experiential brands that owns the national teppanyaki brand in the United States; Kona Grill, a polished casual, bar-centric grill concept with restaurants in the United States; RA Sushi, a Japanese cuisine concept, and ONE Hospitality, its food and beverage hospitality services business that develops, manages, and operates restaurants and turnkey food and beverage services within high-end hotels and casinos operating in the United States and Europe.
THE ONE GROUP HOSPITALITY, INC. 
