The ONE Group — Third Quarter 2026 Earnings Summary

The ONE Group Hospitality reported third-quarter 2026 total GAAP revenues of $177.0 million, a 1.8% decrease from the prior year, driven by restaurant closures under its portfolio optimization strategy. The company achieved a 190 basis point expansion in restaurant operating profit margin to 13.2% and increased year-to-date cash flow from operations by 143% to $41.8 million. Benihana comparable sales rose 0.7% while consolidated comparable transactions increased 1.8%, reflecting positive momentum in the company's Vibe Dining brands. Management updated its full-year 2026 financial guidance, projecting total GAAP revenues between $800 million and $810 million and Adjusted EBITDA between $95 million and $100 million.