FX.co ★ ONE Group Hospitality Preliminary Q4, FY24 Sales Increase

The ONE Group Hospitality, Inc. (STKS) announced on Monday an impressive increase in its preliminary sales, reporting a 145% rise for the fourth quarter and a 102% increase for the full year of 2024. The company anticipates fourth-quarter sales to reach approximately $221 million, a significant jump from last year's $89.9 million. For the entire year of 2024, sales are projected to be around $672 million, compared to $332.8 million the previous year. On average, analysts had predicted fourth-quarter sales of $213.44 million and fiscal year 2024 sales of $664.92 million. Currently, ONE's stock is trading at $2.84 on the Nasdaq.