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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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2024 Targets
The Company is reaffirming its 2024 targets, which are inclusive of the acquisition of Benihana.
Financial Results and Other Select Data US$s in millions | 2024 Guidance 1/1/2024-12/31/2024 | |
| Total GAAP revenues | $700 to $740 | |
| Managed, license, franchise and incentive fee revenues | $17 to $19 | |
| Total owned operating expenses as a percentage of owned restaurant net revenue | Approx. 83.0% | |
| Consolidated Total G&A excluding stock-based compensation | Approx. $40 | |
| Consolidated Adjusted EBITDA | $95 to $100 | |
| Consolidated Restaurant pre-opening expenses | $7 to $9 | |
| Consolidated Effective income tax rate | 5% to 10% | |
| Consolidated Total capital expenditures, net of allowances received by landlords | $50 to $60 | |
| Consolidated Number of new system-wide venues | Eight to Eleven |
Guidance Analysis US$s in millions | 2023 (1) | 2023 Pro Forma (2) | Guidance | Growth % |
| The ONE Group Pre-acquisition | $40.1 | $40.1 | $45 | 12.2% |
| Benihana Pre-acquisition | $61.0 | $41.0 | $50 to $55 | 22.0% to 34.1% |
| Consolidated | $101.1 | $81.1 | $95 to $100 | 17.1% to 23.3% |
| (1) | $61 million is the latest full fiscal year for Benihana, adjusted for full bonus payout as of 3/31/2024 | |
| (2) | Benihana is adjusted for eight months of The ONE Group ownership (May through December) |
Posted In: STKS
