Welcome to our dedicated page for GEN Restaurant Group news (Ticker: GENK), a resource for investors and traders seeking the latest updates and insights on GEN Restaurant Group stock.
GEN Restaurant Group (GENK) operates a distinctive Korean barbecue concept blending interactive dining with authentic flavors. This news hub provides investors and industry observers with centralized access to corporate developments, financial updates, and strategic initiatives shaping this innovative casual dining company.
Track official announcements including quarterly earnings, new location openings, menu innovations, and partnership agreements. Our curated collection features press releases directly from GENK alongside verified third-party analysis, offering complete context for market-moving developments.
Key coverage areas include operational expansions, culinary program enhancements, leadership updates, and industry trend responses. The resource serves both active traders monitoring short-term catalysts and long-term investors analyzing the company's market position in competitive casual dining.
Bookmark this page for streamlined access to GENK's evolving story, with updates organized chronologically for efficient research. Combine these timely updates with Stock Titan's financial tools for comprehensive market analysis.
GEN Restaurant Group announced its financial results for Q1 2024, reporting a 16% increase in revenue to $50.8 million compared to Q1 2023. The company achieved a net income of $3.7 million, or 7.3% of revenue, and adjusted EBITDA of $6.4 million, inclusive of $1.9 million in pre-opening expenses. The company opened two new locations in Seattle and Dallas and a third in Jacksonville in April. The total number of locations now fully owned by GEN is 40, following an acquisition in Hawaii. Despite increased revenues, comparable restaurant sales decreased by 1.8%, and total operating expenses rose by 327 basis points due to higher costs in goods, payroll, and other areas.
GEN Restaurant Group, Inc., the owner of GEN Korean BBQ, will hold a conference call on May 14, 2024, to discuss its financial results for the first quarter of 2024. Co-CEO David Kim and CFO Tom Croal will host the call, followed by a Q&A session.
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