One Group Hospitality Inc at Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit (Virtual) Transcript

Jan 25, 2022

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Jan 25, 2022 / 05:30PM GMT
Andy Barish - Jefferies LLC - Analyst

Thanks, everyone. Continuing this morning with the ONE Group. I'm very pleased to introduce Manny Hilario, the CEO; and Tyler Loy, the CFO. They own the STK brand, as well as the Kona Grill business that was acquired a few years ago.

Questions and Answers:

Andy Barish - Jefferies LLC - Analyst

And I know you pre-released some really impressive results at ICR a couple of weeks ago. I'm still trying to figure out how STK was up 60% over 2019 levels. So give us a sense of what's really resonating with the gas, with the consumer to drive those incredible gains.

Manny Hilario - ONE Group Hospitality, Inc. - President & CEO

Sure. Andy, thanks for inviting us to the conference. It's always one of our highlights of the year to start with you. And as you mentioned there, we had a fantastic fourth quarter, frankly for both of our brands, both STK and Kona Grill. SDK, as you mentioned, that was up 60% over '19 levels. And Kona Grill was up 38% over the '19 levels. So both brands

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