trending Market Intelligence /marketintelligence/en/news-insights/trending/r6-0iviZikOmn7nKkL2qZg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

One Group Hospitality swings to loss in Q2

Blog

ESG hits the mainstream for European private equity sponsors

Blog

What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcast

Episode 3: Transformation of Customer Experience in 2020


One Group Hospitality swings to loss in Q2

One Group Hospitality Inc. said its normalized net income for the second quarter came to a loss of 3 cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.

The per-share result swung to a loss from the prior-year profit of 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $677,760, compared with income of $1.3 million in the prior-year period.

The normalized profit margin fell to negative 3.9% from 8.7% in the year-earlier period.

Total revenue climbed 15.6% year over year to $17.2 million from $14.9 million, and total operating expenses rose 12.4% on an annual basis to $18.2 million from $16.2 million.

Reported net income came to a loss of $1.6 million, or a loss of 6 cents per share, compared to income of $8.4 million, or 34 cents per share, in the year-earlier period.