The ONE Group Hospitality Reaffirms FY24 Revenue Guidance Of $700M-$740M Vs $724.25M Est.
Portfolio Pulse from Benzinga Newsdesk
The ONE Group Hospitality has reaffirmed its FY24 revenue guidance of $700M-$740M, inclusive of the Benihana acquisition. Key financial metrics include a consolidated adjusted EBITDA of $95M-$100M and total capital expenditures of $50M-$60M.
August 06, 2024 | 9:47 pm
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The ONE Group Hospitality has reaffirmed its FY24 revenue guidance of $700M-$740M, which includes the acquisition of Benihana. Key financial metrics include a consolidated adjusted EBITDA of $95M-$100M and total capital expenditures of $50M-$60M.
Reaffirming revenue guidance and providing detailed financial metrics, including the impact of the Benihana acquisition, is a positive signal for investors. It indicates confidence in achieving financial targets and provides clarity on expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100