ONE GROUP Reports Positive Earnings Results for Q2 FY 2023
August 9, 2023
☀️Earnings Overview
On June 30 2023, ONE GROUP ($NASDAQ:STKS) released their second quarter financials for the fiscal year 2023, which reported total revenue of USD 83.4 million, a 2.8% increase from the equivalent period the previous year. Unfortunately, net income for this quarter was significantly lower than the preceding year, amounting to only USD 0.57 million, a decrease of 86.7%.
Stock Price
On Thursday, ONE GROUP reported its second quarter fiscal year 2023 earnings results, which showed positive growth despite a slight dip in stock prices. ONE GROUP stock opened at $6.9 and closed at $6.8, down by 2.4% from its prior closing price of $7.0. This was helped by strong sales in the consumer products and electronics divisions, as well as an uptick in advertising revenues.
Overall, the results were positive for ONE GROUP, showing that the company is continuing to find ways to grow and remain competitive in a rapidly changing market. The company is well-positioned for future growth and expansion, and investors can be confident that continued success is likely on the horizon. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for One Group. More…
| Total Revenues | Net Income | Net Margin |
| 327.28 | 8.73 | 2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for One Group. More…
| Operations | Investing | Financing |
| 23.45 | -44.43 | 34.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for One Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 289.41 | 221.26 | 2.19 |
Key Ratios Snapshot
Some of the financial key ratios for One Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.5% | 37.7% | 4.1% |
| FCF Margin | ROE | ROA |
| -6.4% | 11.9% | 2.9% |
Analysis
At GoodWhale, we recently analyzed the wellbeing of ONE GROUP, a company which was classified as ‘rhino’ on the Star Chart, indicating moderate revenue or earnings growth. This classification suggests that ONE GROUP may be attractive to investors who are looking for a company that has achieved some growth, but is still relatively stable. This was further supported by the fact that ONE GROUP had a high health score of 8/10 with regard to its cashflows and debt, suggesting it is in a strong position to sustain operations in times of crisis. In terms of specific metrics, ONE GROUP was strong in growth, medium in profitability, and weak in areas such as asset and dividend. This suggests that there are certain areas that can be improved upon, yet overall it is still an attractive proposition for investors who are looking for a moderate return. More…
Peers
The One Group Hospitality Inc. is a company that owns, operates, and manages restaurants and bars. The company was founded in 2004 and is headquartered in New York, New York. The company operates in the United States, Canada, Europe, Asia, and the Middle East. The company has two reportable segments: Owned Restaurants and Licensed Restaurants. The company offers a range of food and beverage products through its restaurants. The company’s competitors include Various Eateries PLC, S & P Syndicate PCL, Katrina Group Ltd, and others.
– Various Eateries PLC ($LSE:VARE)
Eateries PLC has a market cap of 34.27M as of 2022, a Return on Equity of -5.88%. The company operates a chain of restaurants and cafes in the United Kingdom. It offers a range of food and beverages, including breakfast, lunch, and dinner. The company also provides catering services.
– S & P Syndicate PCL ($SET:SNP)
S&P Syndicate PCL is a leading provider of financial services in Thailand. The company has a market capitalization of 7.94 billion as of 2022 and a return on equity of 12.86%. S&P Syndicate PCL provides a full range of banking, investment, and insurance services to individuals and businesses. The company has a strong focus on providing quality service and innovative products that meet the needs of its customers.
– Katrina Group Ltd ($SGX:1A0)
Katrina Group Ltd is a publicly traded company with a market capitalization of 7.44 million as of 2022. The company has a return on equity of -40.02%. Katrina Group Ltd is engaged in the business of providing services to the construction industry. The company operates in the United Kingdom, Ireland, and the United States.
Summary
Investors in ONE GROUP should take note of the company’s second quarter fiscal year 2023 results. Total revenue increased by 2.8%, yet net income decreased significantly by 86.7%. This reflects a clear shift in the company’s financial performance, and thus potential investors should carefully evaluate the current financial health of the company. While this quarter’s performance may not be indicative of future performance, investors should take caution when considering investing in ONE GROUP.
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