ONE Group Hospitality Reports Q3 Earnings Miss on EPS and Revenue
ONE Group Hospitality (STKS) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of -$0.79, missing estimates by $0.30, while revenue reached $177 million, representing a 1.8% year-over-year decline and missing consensus by $1.13 million. In response to the results, the company is updating its full-year 2026 financial targets. This strategic adjustment aims to refocus management's efforts on expanding free cash flow and optimizing long-term financial performance.
Tickers: $STKS
Topics: earnings miss financial guidance update revenue decline