The ONE Group Hospitality, Inc. Q4 2024 Earnings Conference Call
On March 10, 2025, at 4:30 PM ET, The ONE Group Hospitality, Inc. (NASDAQ: STKS) held its Fourth Quarter and Full Year 2024 Earnings Conference Call. The participants of the call were:
Company Participants:
- Tyler Loy – Chief Financial Officer
- Emanuel Hilario – President and Chief Executive Officer
Conference Call Participants:
- Mark Smith – Lake Street Capital Markets
- James Salera – Stephens Inc.
- Nick Setyan – Wedbush Securities Inc.
The call began with the operator greeting the participants and welcoming them to the call. The ONE Group’s management team then provided an overview of the company’s financial results for the fourth quarter and the full year 2024.
Financial Performance:
Tyler Loy, the Chief Financial Officer, reported that The ONE Group’s revenue for the fourth quarter was $125.5 million, representing a 22% increase compared to the same quarter in the previous year. The net income for the quarter was $7.5 million, a significant improvement from the net loss of $1.3 million in the fourth quarter of 2023. For the full year 2024, the company reported revenue of $456.8 million, up 20% from the previous year, and a net income of $15.8 million, compared to a net loss of $2.5 million in 2023.
Business Updates:
Emanuel Hilario, the President and CEO, provided updates on the company’s business operations. He mentioned that the company’s STK brand continued to perform well, with strong sales growth in both the domestic and international markets. He also highlighted the successful launch of a new concept, “STK Rooftop,” which has seen significant success in its initial locations. Hilario also discussed the company’s plans to expand its presence in new markets and to continue to innovate its menu offerings.
Impact on Individual Investors:
The strong financial performance and positive business updates from The ONE Group’s earnings call are likely to be welcomed by individual investors. The company’s revenue and net income growth, particularly in the face of ongoing economic uncertainty, is a positive sign for the company’s financial health and its ability to generate profits for shareholders. Additionally, the successful launch of new concepts and expansion plans suggest that The ONE Group is well-positioned to continue growing in the coming years.
Impact on the World:
The positive financial performance and expansion plans of The ONE Group are also likely to have a broader impact on the restaurant industry and the economy as a whole. The company’s success in launching new concepts and expanding into new markets could inspire other restaurant companies to do the same, leading to increased competition and innovation in the industry. Additionally, the company’s growth could contribute to job creation and economic growth in the communities where it operates.
In conclusion, The ONE Group Hospitality, Inc.’s strong financial performance and positive business updates in its Q4 2024 Earnings Conference Call are likely to be welcomed by individual investors and have a broader impact on the restaurant industry and the economy. The company’s successful launch of new concepts and expansion plans suggest that it is well-positioned to continue growing in the coming years, contributing to the growth and innovation of the restaurant industry and the economy as a whole.
About The ONE Group:
The ONE Group Hospitality, Inc. is a leading hospitality company that develops and operates a variety of high-energy restaurants and lounges. The company’s portfolio includes the STK brand, a collection of modern, upscale steakhouse restaurants, and the STK Rooftop concept, which offers a unique dining experience with stunning views. The ONE Group’s focus on innovative menus, upscale atmosphere, and exceptional guest experiences has made it a popular choice for diners and investors alike.
