The ONE Group Hospitality Inc. reported preliminary sales results for the fourth quarter and full year ended December 28, 2025. The company noted sequential improvement in comparable sales across all brands, with STK expected to end the quarter with positive comparable sales and Benihana essentially flat. Management attributed this performance to a robust holiday season and operational initiatives, including investments in reservation technology, streamlined operational flow, and comprehensive training. The company also announced plans to convert up to nine additional Kona Grill and RA Sushi locations to either Benihana or STK formats through the end of 2026, with each conversion requiring approximately $1 million in capital investment and expected to be accretive to EBITDA. Additionally, The ONE Group secured development rights for ten Benihana or Benihana Express restaurants in the Greater San Francisco Bay Area and renewed a three-year concession agreement for Benihana and STK-branded products at the Mortgage Matchup Center in Phoenix, Arizona. A new three-year Benihana concession was also secured at UBS Arena.

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