Earnings Releases·Nov 4, 2026, 4:14 PM ET

The ONE Group — Third Quarter 2026 Earnings Summary

Total GAAP revenues declined 1.8% year-over-year to $177.0 million, while consolidated comparable sales decreased 0.4% and comparable transactions rose 1.8%; Benihana brand comparable sales grew 0.7% with transactions up 2.7%.
Adjusted EBITDA increased 5% to $11.1 million for the quarter and 3% to $60.8 million year-to-date, driven by a 190 basis point expansion in restaurant operating profit margin to 13.2%.
Full-year 2026 guidance was updated to reflect $800–$810 million in total GAAP revenue, $95–$100 million in Adjusted EBITDA, and $30–$34 million in capital expenditures.
The company is executing a portfolio optimization strategy converting select Kona Grill and RA locations to Benihana and STK, with conversion economics estimated at $1.0–$1.5 million net per site.
The Board authorized an additional $5.0 million to the stock repurchase program, bringing total purchases to $19.3 million for 3.4 million shares, while total short-term liquidity stands at $40.3 million.