ONE Group Hospitality Preliminary Q4, FY24 Sales Increase

(RTTNews) - The ONE Group Hospitality, Inc. (STKS), Monday reported a rise of 145 percent and 102 percent in preliminary sales of fourth quarter and full year 2024, respectively.

The company expects sales of around $221 million for the fourth quarter, compared to $89.9 million last year, whereas it estimates sales of $672 million for the full year 2024, from $332.8 million in previous year.

Analysts, on average, forecast sales of $213.44 million for the fourth quarter, and $664.92 million for the fiscal year 2024.

Currently, ONE's stock is trading at $2.84 percent on the Nasdaq.