The GAAP EPS miss due to preferred dividends may pressure the stock, but operational improvements and maintained guidance suggest underlying resilience. Watch Q2 same-store sales and margin trends for confirmation of the recovery trajectory.
Price Chart
Executive Summary
ONE Group Hospitality reported Q1 2026 revenue of $212.8M (+0.8% YoY), beating the $211.1M prior year but missing revenue consensus of $217.7M. GAAP diluted EPS of -$0.20 missed consensus of $0.12 by 267% due to $9.4M in preferred stock dividends. However, operating income rose 30% to $13.9M and Adjusted EBITDA increased 12% to $28.8M, with full-year 2026 guidance maintained.
Key Financial Metrics
Key Facts
- Total GAAP revenues increased 0.8% YoY to $212.8 million
- GAAP net income attributable to company improved to $3.2 million from $1.0 million
- GAAP diluted EPS was -$0.20, missing consensus of $0.12 (the Street consensus uses GAAP EPS including preferred dividends)
- Operating income rose 30% to $13.9 million; Adjusted EBITDA up 12.1% to $28.8 million
- Full-year 2026 guidance maintained: revenue $840-855M, Adjusted EBITDA $100-110M
Financial Impact
GAAP EPS miss of -267% vs consensus, but revenue and EBITDA growth show operational improvement
Risk Factors
- Preferred stock dividends continue to dilute common shareholders, keeping GAAP EPS negative
- High debt of ~$334M and ongoing restaurant closures add financial risk
- Comparable sales still negative at -0.3% despite sequential improvement
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-056358 |
| Document: stks-20260506x8k.htm | 0001104659-26-056358 |
| Document: 0001104659-26-056358-index-headers.html | 0001104659-26-056358 |
| Document: 0001104659-26-056358-index.html | 0001104659-26-056358 |
| Document: 0001104659-26-056358.txt | 0001104659-26-056358 |
| 8-K Data (Synthetic) | 0001104659-26-056358 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | 8-K | $1.64 $1.12 | ▼ −31.71% | ▼ −30.23% | $1.16 (−29.27%) |
Jul 7, 2026 15w ago | 8-K | $1.85 $1.78 | ▼ −3.78% | ▼ −7.06% | $1.16 (−37.30%) |
May 19, 2026 22w ago | 8-K | $1.90 $1.92 | ▲ +1.05% | ▲ +0.31% | $1.16 (−38.95%) |
May 6, 2026 24w ago | 8-K | $1.91 $1.85 | ▼ −3.14% | ▼ −6.28% | $1.16 (−39.27%) |
Mar 13, 2026 32w ago | 8-K | $1.72 $1.68 | ▼ −2.33% | ▼ −5.91% | $1.16 (−32.56%) |
US Market Status
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