Latest news with #KonaGrill
Yahoo
09-05-2025
- Climate
- Yahoo
Warmer temperatures settling across the Beehive state
SALT LAKE CITY () — Happy Thursday, Utah! A high-pressure ridge will expand across the region Thursday afternoon into the weekend, leading to plenty of sunshine and a big warm-up with our temperatures. Daytime highs are expected to climb into the upper 70s for the Wasatch Front on Thursday, and mid-80s for SW Utah. But wait, it gets even warmer as we move into the weekend. High temperatures along the Wasatch Front will be in the 80s this weekend, with afternoon highs across SW Utah warming into the mid-90s! We should remain mostly dry during this period, but a few pop-up daytime heating showers will be possible for northern Utah during this time. Our next weather maker looks to arrive next week, bringing more active skies and cooler conditions by next Tuesday. We'll keep you up-to-date on the latest developments in our 4Warn Weather forecast, both on-air and online, we are Good4Utah! Two Utahns who took in dogs from Ogden hoarding situation share their stories 48 puppies flown from overcrowded Arizona shelter to Utah Motorcyclist killed in crash on State Street in Sandy Warmer temperatures settling across the Beehive state Kona Grill dishes up delicious options to treat mom on Mother's Day Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-05-2025
- Automotive
- Yahoo
Motorcyclist killed in crash on State Street in Sandy
This is a developing story. ABC4 will update this post as new information becomes available. SANDY, Utah () — One person is dead after a motorcyclist collided with a car earlier this afternoon on State Street in Sandy. Cottonwood Heights Police confirmed to ABC4 that the incident occurred around 3:45 p.m. at 8640 South State Street. A motorcycle was traveling northbound on State Street when it struck a car. The car had been making a left turn when it turned in front of the motorcycle. Police confirmed the motorcyclist died from their injuries. Southbound State Street remains closed at 8640 South as police and crash investigators remain on scene. Two Utahns who took in dogs from Ogden hoarding situation share their stories 48 puppies flown from overcrowded Arizona shelter to Utah Motorcyclist killed in crash on State Street in Sandy Warmer temperatures settling across the Beehive state Kona Grill dishes up delicious options to treat mom on Mother's Day Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
08-05-2025
- Business
- Yahoo
The ONE Group (NASDAQ:STKS) Posts Better-Than-Expected Sales In Q1 But Quarterly Revenue Guidance Significantly Misses Expectations
Upscale restaurant company The One Group Hospitality (NASDAQ:STKS) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 148% year on year to $211.1 million. Revenue guidance for the full year exceeded analysts' estimates, but next quarter's guidance of $207.5 million was less impressive, coming in 2.3% below expectations. Its non-GAAP profit of $0.14 per share was significantly above analysts' consensus estimates. Is now the time to buy The ONE Group? Find out in our full research report. The ONE Group (STKS) Q1 CY2025 Highlights: Revenue: $211.1 million vs analyst estimates of $203.4 million (148% year-on-year growth, 3.8% beat) Adjusted EPS: $0.14 vs analyst estimates of -$0.14 (significant beat) Adjusted EBITDA: $25.2 million vs analyst estimates of $24.51 million (11.9% margin, 2.8% beat) The company reconfirmed its revenue guidance for the full year of $852.5 million at the midpoint EBITDA guidance for the full year is $105 million at the midpoint, above analyst estimates of $102.7 million Operating Margin: 5.1%, up from 1.1% in the same quarter last year Same-Store Sales fell 3.2% year on year (-7.9% in the same quarter last year) Market Capitalization: $94.94 million Company Overview Doubling as a hospitality services provider for hotels and resorts, The One Group Hospitality (NASDAQ:STKS) is an upscale restaurant company that operates STK Steakhouse and Kona Grill. Sales Growth A company's long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years. With $799.5 million in revenue over the past 12 months, The ONE Group is a small restaurant chain, which sometimes brings disadvantages compared to larger competitors benefiting from better brand awareness and economies of scale. On the bright side, it can grow faster because it has more white space to build new restaurants. As you can see below, The ONE Group's 44.2% annualized revenue growth over the last six years (we compare to 2019 to normalize for COVID-19 impacts) was incredible as it opened new restaurants and expanded its reach. The ONE Group Quarterly Revenue This quarter, The ONE Group reported magnificent year-on-year revenue growth of 148%, and its $211.1 million of revenue beat Wall Street's estimates by 3.8%. Company management is currently guiding for a 20.3% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 6.4% over the next 12 months, a deceleration versus the last six years. This projection is underwhelming and suggests its menu offerings will see some demand headwinds.
Yahoo
01-04-2025
- Business
- Yahoo
The ONE Group Hospitality: Serving More Steaks and Shareholders with Benihana Deal
By Rayk Riechmann How about steak and a show for dinner and best-in-class growth for dessert? Investors can enjoy just that with The ONE Group Hospitality, Inc. (Nasdaq: STKS), operator of 167 full-service, experience-driven dining establishments under a mix of ownership models across 32 states and 12 countries. Demand for experiential upscale meals, also known as 'vibe' dining, is increasing, especially among higher-income households. STKS is perfectly positioned to benefit from this shift with an outstanding brand portfolio of STK Steakhouse and Kona Grill — along with , parent of world-famous Benihana (known for hibachi-side chef performances) and RA Sushi. Multiple forces fuel our bullish outlook for 2025. First is the $365 million Safflower acquisition last year, which drove a 100% rise in revenue and a 130% increase in Ebitda. Benihana brings more-than 80 venues to the STKS portfolio, which also has some franchise restaurants enabling asset-light expansion internationally. The margin profile of these restaurants is even better than the existing portfolio, which will help boost overall profitability. The deal also generated efficiencies: Adjusted G&A expenses and cost of sales declined as a percentage of sales, reflecting successful synergy realization. Diversification into digital and off-premise sales with Benihana (takeout and delivery 12% of revenue) and RA Sushi (20% digital and off-premise sales) balances the predominantly dine-in nature of STK and Kona Grill. To reach its long-term growth target of clocking $5 billion in system-wide revenue, the company devised a strategy focused on both financial prudence and growth. STKS plans to drive higher same-store sales, trim overhead costs, and expand its footprint through licensing and management deals. Throughout 2024, institutional owners such as Goldman Sachs, JPMorgan Chase & Co, and Jane Street have increased their ownership. Some made very substantial purchases, such as Deutsche Bank which increased its stake by 839%. For the moment, STKS shares are on sale. The company trades at an enterprise value, adjusted for debt, of just 5.2 times forward Ebitda. That's less than half the multiples commanded by Brinker International, Inc. and The Cheesecake Factory Inc. Guests are drawn in by sushi, steak, and seafood – and investors by an attractive valuation with plenty of growth levers in place. Appetites for delicacies and returns are satisfied equally. Click below to read our detailed initiation report. Contact: Rayk@ Sign in to access your portfolio
