The ONE Group Hospitality, Inc Provides Preliminary Unaudited Sales Guidance for the Fourth Quarter Ended December 31, 2017
January 08, 2018 at 06:30 pm IST
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The ONE Group Hospitality, Inc. provided preliminary unaudited sales guidance for the fourth quarter ended December 31, 2017. Total revenues are expected to be approximately $21.0 million, compared to $20.4 million, an approximate 3.0% increase, for the same quarter last year. Comparable sales are expected to have increased approximately 9.5% compared to the same quarter last year, including an approximate 6.0% increase in US comparable store sales and an approximate 15.5% increase in international comparable store sales.
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. 
