One Group Hospitality Inc (NASDAQ: STKS) |
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Description of One Group Hospitality Inc's Business Segments
One Group Hospitality Inc. is a global entity that specializes in delivering a diverse set of products and services within the hospitality industry. Its operational segments encompass dining, nightlife, hospitality services, branded licenses, and merchandise, each designed to create unique experiences for guests and partners. Here's an extensive overview of the different segments, products, and services offered by One Group Hospitality Inc.:
1. Food and Beverage Segment
This segment serves as the cornerstone of One Group Hospitality Inc.'s offerings, showcasing a variety of dining experiences tailored to different tastes and occasions.
- STK Steakhouse: This flagship brand represents a modern approach to the traditional steakhouse. STK combines a high-energy atmosphere with a contemporary ambiance, featuring a menu that emphasizes premium cuts of meat, alongside a variety of innovative sides and seasonal dishes. The dining experience is complemented by a vibrant social setting, often accompanied by DJ music, making it popular for both intimate dinners and celebratory events.
- Kona Grill: Offering a fusion of American cuisine with global influences, Kona Grill is well-known for its extensive sushi options and fresh ingredients. The restaurant aims to deliver a casual yet upscale dining experience, complete with a diverse menu that includes salads, sandwiches, and a selection of entrees, catering to a variety of preferences.
- ONE Coffee Co.: Serving as the specialty coffee arm of One Group Hospitality Inc. ONE Coffee Co. provides high-quality coffee and espresso drinks, emphasizing sustainability and ethically sourced beans. The café atmosphere serves as an ideal spot for casual meetings or simply enjoying a great cup of coffee.
Nightlife Segment
In this segment, One Group Hospitality Inc. creates memorable nightlife experiences designed for a broad array of audiences.
- One Nightclub: Recognized for its curated experiences, One Nightclub is a premier destination that fuses music, art, and fashion. The venue is characterized by collaborations with renowned DJs and performers, providing an engaging atmosphere with a focus on immersive entertainment.
- All-Female Mixology Program: This innovative program showcases the talent of female mixologists, offering a unique selection of cocktails that highlight creativity and craftsmanship. The cocktails are often personalized, reflecting the mixologists' stories and artistic vision.
- Other Nightclubs: The company operates additional nightlife venues, such as Hilo and Gilt, which are tailored for those seeking premium dancing and late-night experiences. Each nightclub features distinctive themes, music selections, and atmospheres that cater to a variety of nightlife enthusiasts.
Hospitality Services Segment
One Group Hospitality Inc. prides itself on delivering comprehensive hospitality services that enhance events and guest experiences.
- Event Planning: The company specializes in planning a wide range of events, from corporate functions to private celebrations. Each event is uniquely tailored to meet the clients vision and goals.
- Event Production: Beyond planning, One Group Hospitality also offers full-scale event production services, ensuring that every element, from lighting to sound design, is meticulously managed.
- Catering Services: The catering team provides gourmet food options and custom menus tailored to each events specific needs. The offerings can range from elegant sit-down dinners to casual buffet-style setups.
- Hospitality Management: The experts at One Group Hospitality provide consulting services that support other venues and establishments, enhancing their operational effectiveness and guest experiences.
Branded Licenses Segment
One Group Hospitality Inc. strategically holds various branded licenses, which facilitate the expansion of its flagship concepts into new markets.
- STK Brand Licensing: The licensing agreement for the STK brand allows One Group Hospitality to partner with hotels, casinos, and other hospitality venues to replicate the successful STK experience in diverse locations. This expansion strategy not only increases brand visibility but also enhances revenue streams.
Merchandise Segment
To further engage with its customer base, One Group Hospitality Inc. offers a variety of branded merchandise.
- Branded Apparel and Accessories: The merchandise includes Stol-branded apparel, gear, and lifestyle accessories that resonate with the brand's identity. These products serve as souvenirs, promotional items, or gifts.
- Collaborations: The company collaborates with other brands to create exclusive merchandise, broadening its appeal and providing unique items that reflect the lifestyle associated with its venues.
Summary
In conclusion, One Group Hospitality Inc. presents an extensive and diverse portfolio that spans dining, nightlife, hospitality services, branded licensing, and merchandise. Each segment is crafted to offer exceptional experiences and high-quality products, ensuring that the company remains a significant player in the global hospitality market. By continuously adapting and innovating in response to customer preferences and market trends, One Group Hospitality Inc. solidifies its position as a leader in the hospitality industry.
Composition of One Group Hospitality Inc Revenues by
Segments |
|
Deferred license revenue |
|
0.02 % |
of total Revenue |
Deferred gift card revenue |
|
0.57 % |
of total Revenue |
Advanced party deposits |
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0.19 % |
of total Revenue |
STK |
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24.43 % |
of total Revenue |
Benihana |
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53.97 % |
of total Revenue |
Corporate |
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0.03 % |
of total Revenue |
Grill Concepts |
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21.57 % |
of total Revenue |
Domestic |
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99.66 % |
of total Revenue |
International |
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0.34 % |
of total Revenue |
Q3 three months ended (Sep 30 2024)
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Revenues by Business Segments |
Revenues (in millions $) |
%
(of total Revenues) |
Deferred license revenue |
0.03 |
0.02 % |
Deferred gift card revenue |
1.11 |
0.57 % |
Advanced party deposits |
0.36 |
0.19 % |
STK |
47.39 |
24.43 % |
Benihana |
104.69 |
53.97 % |
Corporate |
0.06 |
0.03 % |
Grill Concepts |
41.84 |
21.57 % |
Domestic |
193.32 |
99.66 % |
International |
0.66 |
0.34 % |
Total |
193.98 |
100 % |
Q3 three months ended (Sep 30 2024) |
Revenue Growth rates by Segment |
Y/Y Revenue % |
Q/Q Revenue % |
Deferred license revenue |
-45 % |
- |
Deferred gift card revenue |
-1.34 % |
- |
Advanced party deposits |
29.86 % |
- |
STK |
7.57 % |
-9.99 % |
Benihana |
- |
33.46 % |
Corporate |
10.91 % |
-37.11 % |
Grill Concepts |
27.64 % |
- |
Domestic |
153.75 % |
12.77 % |
International |
-5.85 % |
-37.97 % |
Total |
152.3 % |
12.45 % |
Q3 three months ended (Sep 30 2024) |
Income by Business Segments |
Income (in millions $) |
%
(Profit Margin) |
Total |
-9.06 |
- |
Q3 three months ended (Sep 30 2024) |
Income Growth rates by Segment |
Y/Y Income % |
Q/Q Income % |
Total |
- |
- |
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