The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET

Company Participants

Tyler Loy - Chief Financial Officer

Manny Hilario - Chief Executive Officer

Conference Call Participants

Mark Smith - Lake Street

J.P. Wollam - ROTH Capital Partners

Daniel Imbro - Stephens

David Kanen - Kanen Wealth Management.

Operator

[Abrupt Start] ONE Group Third Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Tyler Loy.

Tyler Loy

Thank you, operator and hello everyone. Before we begin our formal remarks, let me remind you that part of our discussion today will include forward-looking statements. These forward-looking statements are not guarantees of future performance and you should not place undue reliance on them. These statements are also subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. Please also note that these forward-looking statements reflect our opinion only as the date of this call. We undertake no obligation to revise or publicly release any revisions of these forward-looking statements in light of new information or future events. We refer you to our recent SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial conditions.

During today’s call, we will discuss certain non-GAAP financial measures, which we believe can be useful in evaluating our performance. However, the presentation of these measures or other information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. For reconciliations of these measures, such as adjusted EBITDA, adjusted net income, restaurant operating profit, comparable sales and total food and beverage sales at owned and managed and licensed units to GAAP measures, along with a discussion of why we consider these measures useful, please see our earnings release issued today.

With that, I’d like to turn the call over to Manny Hilario. Manny?

Manny Hilario

Thank you, Tyler, and hello, everyone. We sincerely appreciate you joining us today and for your interest in the company. Here at the ONE Group, we are committed to executing on our mission to be the best restaurant in every market that we operate by delivering exceptional and unforgettable experiences to every guest every time. Let me thank all of our team members who continue to work exceptionally hard to provide world class operations and bring our mission to life everyday. It is because of them that we have been able to strengthen our leadership position in high-end and upscale casual dining and that we have great confidence moving forward.