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One Group Hospitality (STKS) investor relations material
One Group Hospitality Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue declined 7.1% year-over-year to $180.2 million, with comparable sales down 5.9% amid a challenging consumer environment and macro pressures.
Net loss attributable to shareholders was $76.7 million ($2.75 per share), primarily due to non-cash tax valuation allowance and impairment charges.
Adjusted EBITDA fell to $10.6 million from $14.9 million year-over-year, reflecting margin pressure from rising costs and lower traffic.
Grill portfolio optimization included closure of underperforming units and up to nine conversions planned; first RA Sushi to STK conversion completed.
Benihana integration and new prototype outperformed expectations, supporting asset-light growth and franchise/license momentum.
Financial highlights
Q3 consolidated GAAP revenues were $180.2 million, down 7.1% year-over-year; company-owned net revenue was $177.4 million, down 6.9%.
Comparable sales declined 5.9% year-over-year, impacted by closures and market pressures.
Restaurant operating profit was $20.1 million (11.3% margin), down from $24.5 million (12.8% margin) last year.
Net loss attributable to shareholders was $76.7 million, compared to $9.3 million last year, mainly due to non-cash tax and impairment charges.
Adjusted EBITDA was $10.6 million, a 28.9% decrease year-over-year.
Outlook and guidance
FY2025 GAAP revenues projected at $820–$825 million, with comparable sales expected at -3% to -2%.
Adjusted EBITDA guidance of $95–$100 million; G&A (excl. stock comp) of ~$46 million.
Five to seven new venue openings planned for 2025, with several under construction.
CapEx (net of landlord allowances) expected at $45–$50 million.
Fourth quarter sales trends have improved, with strong holiday bookings and operational enhancements expected to drive momentum.
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