None
EN
STK and its sibling concepts gain momentum
['Joe Guszkowski', 'Senior Editor', 'Restaurant Business']
nrn
Traffic was up at STK, Benihana, Kona Grill, and Ra Steak & Sushi during the three months ended June 28, an encouraging sign after a sluggish few years for the company.
STK same-store sales rose 3.2% year over year, while Benihana same-store sales increased by 0.8%.
Same-store sales for Kona and Ra declined a combined 2.9%.
Consolidated same-store sales rose 0.9%, their first increase since the first quarter of 2023.
One Group also downgraded its revenue expectations for the year by $35 million and narrowed its same-store sales growth expectations to 1% to 2%, from 1% to 3%.