The ONE Group announces preliminary Q4 and FY18 sales results

|About: The ONE Group Hospitali... (STKS)|By:, SA News Editor

The ONE Group Hospitality (NASDAQ:STKS) announced preliminary sales for Q4 and FY18.

Q4 expected GAAP revenues to be ~$25M (+16% Y/Y).

Q4 domestic comparable sales +15% Y/Y, consisting of 14.9% increase in domestic owned and 15.6% increase in domestic managed restaurants.

FY18 expected GAAP revenue to be ~$85M (+7% Y/Y).

FY18 domestic comparable sales +9.4%, consisting of a 9.7% increase in domestic owned restaurants and an 8.8% increase in domestic managed restaurants.

US STK brand restaurant sales rose to $101M.

The Company expects to release financial and operating results for its Q4 and FY18 in March 2019.

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