STKS

EX-99.1

2 stks-20260805xex99d1.htm

EX-99.1

Exhibit 99.1

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The ONE Group Reports Second Quarter 2026 Financial Results

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Positive Comparable Sales, Positive Transactions Across All Business Segments

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Capital Expenditures, Net of Tenant Improvement Allowances, Reduced 38% Year-Over-Year as Company Prioritizes Capital-Efficient Growth and Free Cash Flow Generation

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Denver, CO – (BUSINESS WIRE) – August 5, 2026 – The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the second quarter ended June 28, 2026.

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Highlights for the second quarter 2026 compared to the same quarter in 2025 are as follows:

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●Total GAAP revenues decreased 3.3% to $200.5 million from $207.4 million, due to the impact of permanent and temporary restaurant closures

●Consolidated comparable sales* increased 0.9%

●GAAP operating income increased to $6.6 million from $0.7 million

●Restaurant operating profit** increased by 110 basis points to 16.4% of owned restaurant net revenue from 15.3%

●Year-to-date net cash provided by operating activities improved $21.7 million to $33.0 million from $11.3 million

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“Our second quarter results underscore the momentum we are building across the portfolio, driven by the continued strength of our Vibe Dining brands. Consolidated comparable sales were positive, with positive transaction growth across all segments. STK posted a strong comparable sales performance of 3.2%. We completed the relocation of our STK Downtown New York restaurant from Little West 12th to 15th Street, with the restaurant having been closed for most of the second quarter due to the transition,” said Emanuel “Manny” Hilario, President and CEO of The ONE Group.

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“Quarterly margin performance was strong, with the consolidated margin expanding 110 basis points to 16.4%. These results reflect the continued execution of our operational and strategic initiatives across the portfolio,” Hilario continued.

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“We remain focused on capital-efficient growth and portfolio optimization. During the quarter, we signed a new development agreement for two licensed STK locations at a major U.S. airport. We are also very excited about the expansion of the Benihana Express brand, a small footprint, fast casual version of the Benihana that you crave. Both of these are great examples of our asset-light strategy in action, which continues to gain traction with additional openings planned for the second half of the year. With this approach, we will be able to reduce capital expenditures while sustaining our development pipeline, further strengthening our balance sheet. Going forward, we remain committed to disciplined capital allocation and operational excellence as the foundation for building long-term shareholder value,” Hilario concluded.

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Grill Concepts Portfolio Optimization

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●Temporarily closed three Kona Grill restaurants and two RA restaurants in January 2026 for conversion to Benihana or STK formats

●The conversion of the Riverton Kona Grill to Benihana was completed on July 31, 2026 and is now re-opened to the public

●The Kona Grill Baltimore conversion is expected to re-open as an STK in the third quarter

●Conversion economics: approximately $1.0 to $1.5 million, net build-out cost per conversion with a one-year payback

●Expected outcome: 100% profitable Grill portfolio with enhanced margins

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Capital Efficiency Focus

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●Significant reduction in discretionary capital expenditures to increase free cash flow to strengthen the balance sheet

●Prioritizing asset-light and conversion-driven growth with emphasis on franchising and licensing opportunities

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●Targeting new company-owned openings averaging $1.5 million, net or less in build-out costs

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Benihana Express Expansion

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●Your Benihana fix on the go: a fast casual version of Benihana

●800-1,000 square foot space with strong margins at a lower build-out cost

●One Company-owned restaurant open; one Company-owned restaurant under construction; one franchised restaurant in development

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2026 Completed Restaurant Development

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Restaurant

Location

Date

Owned Kona Grill (relocation)

San Antonio, Texas

January 2026

Converted franchised Benihana to owned

Monterey, California

February 2026

Converted franchised Benihana Express to owned

Miami, Florida

March 2026

Owned STK (new)

Phoenix, Arizona

June 2026

Owned STK (relocation)

New York, New York

July 2026

Owned Benihana (conversion of a Kona Grill)

Riverton, Utah

July 2026

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2026 Remaining Restaurant Pipeline

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Currently Under Construction (3 locations):

●Owned STK restaurant in Baltimore, Maryland (conversion of a temporarily closed Kona Grill restaurant)

●Owned Kona Grill Bistro in Baltimore, Maryland

●Owned Benihana Express restaurant in Denver, Colorado

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Asset-Light Expansion Highlights:

●Franchised Benihana in the Florida Keys

●Licensed Benihana Express in the Florida Keys

●Two-venue agreement

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ONE GROUP HOSPITALITY, INC._March 13, 2026 0001399520false00013995202026-03-132026-03-13 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 13, 2026

THE ONE GROUP HOSPITALITY, INC.

(Exact name of registrant as specified in its charter)

Delaware ​ ​ ​ 001-37379 ​ ​ ​ 14-1961545

(State or other jurisdiction (Commission File Number) (IRS Employer

of incorporation) ​ ​ ​ Identification No.)

​ 1624 Market Street, Suite 311 Denver, Colorado 80202 (Address of principal executive offices and zip code) Registrant’s telephone number, including area code: (646) 624-2400 ​ (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ​

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☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

​ Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock

STKS

Nasdaq

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​

​ Item 2.02 Results of Operations and Financial Conditions. On March 13, 2026, The ONE Group Hospitality, Inc. issued a press release announcing financial results for the fourth quarter and fiscal year ended December 28, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

​ Item 9.01 Financial Statements and Exhibits. ​ (d) Exhibits. The following exhibits are being furnished or filed, as applicable, herewith: ​ 99.1Press Release dated March 13, 2026 104Cover Page Interactive Data File (embedded within the Inline XBRL document) ​ ​ ​ ​ ​ ​ ​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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Dated: March 13, 2026

THE ONE GROUP HOSPITALITY, INC.

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​ By: /s/ Nicole Thaung

​ Name: Nicole Thaung

​ Title: Chief Financial Officer

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