Nucor earnings beat by $0.08, revenue fell short of estimates
The ONE Group Hospitality, Inc. (NASDAQ:STKS), a $114 million market cap restaurant company currently trading at $3.63 per share, announced the results of its Annual Meeting of Stockholders held on Tuesday, May 20, 2025. According to InvestingPro data, the company faces some financial challenges with a significant debt burden and weak gross profit margins. The meeting saw the election of directors and the ratification of the company’s independent registered public accounting firm for the fiscal year ending December 28, 2025.
The following nominees were elected as Class III directors to serve a three-year term expiring at the 2028 annual meeting of stockholders or until their successors are elected and qualified: Emanuel Hilario received 99.9% of votes for and 0.1% withheld; Scott Ross received 95.0% for and 5.0% withheld; and Jonathan Segal received 97.4% for and 2.6% withheld. The number of broker non-votes for each nominee was 3,239,269.
Additionally, the appointment of Deloitte & Touche, LLP as the company’s independent registered public accounting firm for the fiscal year ending December 28, 2025, was ratified with an overwhelming majority of 100% votes for, 0.0% against, and 0.0% abstaining out of the 27,270,978 shares represented.
Furthermore, the compensation of the company’s named executive officers, as disclosed in the proxy statement, was approved on an advisory basis. The results showed 99.8% for, 0.2% against, and 0.0% abstaining, with broker non-votes totaling 3,239,269.
This report is based on the official SEC filing by The ONE Group Hospitality, Inc. For deeper insights into STKS’s financial health, including 12 additional exclusive ProTips and comprehensive valuation analysis, visit InvestingPro, where you’ll find detailed research reports and expert analysis.
In other recent news, One Group Hospitality reported a strong performance for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $0.14, significantly better than the anticipated $0.10 loss. Revenue reached $211.2 million, slightly ahead of the projected $207.44 million, marking a 148.4% increase year-over-year. This growth was driven by strategic expansions, including new restaurant openings and innovative menu offerings. The company’s adjusted EBITDA rose by 233% to $25.2 million, reflecting operational efficiencies and successful integration of the Benihana operations. Looking ahead, One Group Hospitality plans to open 5 to 7 new venues and is focusing on expanding its Benihana and STK restaurant chains. Meanwhile, the company has not made any recent analyst upgrades or downgrades, but is actively working on enhancing its restaurant portfolio and loyalty program. These developments highlight the company’s strategic focus on growth and operational efficiency.
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