The ONE Group Hospitality, Inc. (STKS) reported preliminary sales results for the fourth quarter and full year ended December 28, 2025.
Total GAAP revenues for the full year 2025 are expected to be approximately $805 million, a 20% increase from the prior year.
Preliminary total GAAP revenues for the fourth quarter of 2025 are expected to be approximately $207 million, a 6.8% decrease from the same quarter in 2024.
Full Year Revenue Increase
Total GAAP revenues for 2025 are expected to show a 20% increase from the previous year, primarily driven by the acquisition of Benihana.
Fourth Quarter Revenue Decline
Preliminary total GAAP revenues for Q4 2025 are anticipated to decrease by 6.8%, with declines attributed to closures and fiscal calendar changes.
Segment Performance
STK is expected to report positive comparable sales, while Benihana is expected to have flat comparable sales for Q4 2025.
- The company attributes its sales success to a robust holiday season and operational initiatives, despite industry headwinds affecting sales.
- Challenges impacting the industry are expected to result in lower-than-anticipated sales during the fourth quarter.
- Operational efficiency improvements and targeted technology investments have allowed the company to meet increased demand and deliver exceptional guest experiences.
The ONE Group remains optimistic about the future despite challenges in the industry, highlighting positive sales trends and operational improvements as key drivers of success.