The ONE Group Hospitality, Inc. (STKS) Q2 2023 Earnings Call Transcript

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET

Company Participants

Tyler Loy - CFO
Emanuel Hilario - President and CEO

Conference Call Participants

Joshua Long - Stephens
Nick Setyan - Wedbush Securities
Mark Smith - Lake Street Capital
JP Willem - ROTH
David Kanen - Kanen Wealth Management

Operator

Greetings, and welcome to the ONE Group Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded.

At this time, I would like to turn the conference over to Tyler Loy. Please begin, sir.

Tyler Loy

Thank you, operator, and hello, everyone. Before we begin our formal remarks, let me remind you that part of our discussion today will include forward-looking statements. These forward-looking statements are not guarantees of future performance, and you should not place undue reliance on them. These statements are also subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. Please also note that these forward-looking statements reflect our opinion only as of the date of this call.

We undertake no obligation to revise or publicly release any revisions of these forward-looking statements in light of new information or future events. We refer you to our recent SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial conditions. During today's call, we will discuss certain non-GAAP financial measures, which we believe can be useful in evaluating our performance. However, the presentation of these measures or other information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. For reconciliations of these measures, such as adjusted EBITDA, adjusted net income, restaurant operating profit, comparable sales and total food and beverage sales at owned and managed and licensed units to GAAP