One Group Q4 revenue falls on New Year’s Eve timing shift

One Hospitality

13/03/2026 11:29

Corrects Key Details table to say adjusted EBITDA attributable to company is comparable with estimates, and corrects the corresponding number to $88.9 mln from $88.3 mln

Overview

U.S. restaurant operator's fiscal Q4 revenue fell 6.7%, impacted by New Year's Eve timing shift

Adjusted EBITDA for FY missed analyst expectations

Company closed underperforming Grill locations and advanced asset-light expansion strategy

Outlook

ONE Group sees Q1 2026 revenue between $217 mln and $221 mln

Company expects 2026 revenue between $840 mln and $855 mln

ONE Group targets 2026 adjusted EBITDA of $100 mln to $110 mln

Result Drivers

NEW YEAR'S EVE TIMING - Co said Q4 revenue decline was partly due to New Year's Eve shifting out of the quarter, impacting revenue by about 2.5%

COST MANAGEMENT - Co said disciplined cost management drove restaurant margin improvement in Q4

PORTFOLIO OPTIMIZATION - Co closed underperforming Grill locations and began converting units to higher-performing concepts to improve profitability

Company press release: ID:nBw3NNM4la

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income attributable to The ONE Group Hospitality, Inc.
-$92 mln
FY Adjusted EBITDA attributable to the company
Miss
$88.9 mln
$91.48 mln (5 Analysts)
FY comparable sales Growth
-3.7%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for One Group Hospitality Inc is $5.00, about 179.3% above its March 12 closing price of $1.79

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)