The ONE Group is a Perfect Penny Stock to Buy for Investors
The ONE Group is a global hospitality company that develops and op
erates upscale, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos and other high-end venues both nationally and internationally.
The ONE Group’s primary restaurant brand is STK, a modern twist on the American steakhouse concept with locations in major metropolitan cities throughout the U.S. and Europe. ONE Hospitality, The ONE Group’s food and beverage hospitality services business, provides the development, management and operations for premier restaurants and turn-key food and beverage services within high-end hotels and casinos.
Experts satisfied with the execution of the first quarter, which incorporated its eighth continuous quarter of twofold digit income development and positive same store deals. The organization utilized this top line development into a more than 40% expansion in balanced EBITDA. Moreover, the organization kept on executing against its powerful improvement gets ready for 2016 which incorporate a blend of eight new STK eateries and exceptional sustenance and drink neighborliness bargains.
The first quarter denoted its eighth continuous quarter of two fold digit income development and owned unit net incomes expanded 47.9% to $14.4 million. GAAP income expanded 39.2% to $16.4 million.
Add up to nourishment and refreshment deals at claimed and oversaw units* expanded 17.2% to $35.2 million; Adjusted EBITDA expanded 40.1% to $1.1 million contrasted with $762,000 for similar period a year ago.
Looking forward, after much foresight, we couldn’t be more eager to open STK Orlando in the high activity region of Disney Springs toward the end of May. This will be one of our biggest eateries at more than 14,000 square feet on two stories. Analysts trust it will be an extremely significant venture for the brand.