The ONE Group Sees 2024 Total GAAP Revenues $700M-$740M Including Addition Of Benihana
Portfolio Pulse from Benzinga Newsdesk
The ONE Group Hospitality, Inc. (STKS) projects its 2024 total GAAP revenues to be between $700M-$740M, factoring in the addition of Benihana to its portfolio.
May 07, 2024 | 9:49 pm
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The ONE Group anticipates a significant revenue increase in 2024, with projections including the impact of acquiring Benihana.
The projected increase in revenue for The ONE Group, especially with the inclusion of Benihana, suggests a positive outlook on the company's growth and operational expansion. This acquisition is likely to be viewed positively by investors, potentially leading to an uptick in stock price in the short term due to anticipated growth in revenue and market share.
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