Falls on quarterly loss, lower revenue

One Hospitality

19/03/2021 16:40

** Shares of restaurant operator One Group Hospitality Inc
 STKS.O  fall 2.2% to $8.25
    ** Co posts Q4 net loss of $4.5 mln vs net income of $19.8
mln a year earlier
    ** Q4 total revenue falls 13.8% to $45 mln from a year
earlier  urn:newsml:reuters.com:*:nBw8FzRf8a
    ** Q4 consolidated comparable sales fall 14.8% due to local
mandated restrictions, decreased indoor seating capacity
    ** Intends to open thirteen new venues between 2021 and
2022- STKS
    ** YTD, stock up 126.7%

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))