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, Inc. owns and operates GEN Korean BBQ, a full-service Korean BBQ restaurant concept built around an extensive menu and a grill-at-the-table dining experience. Company news commonly covers financial results, conference calls, restaurant expansion, brand partnerships and operating updates tied to its casual dining footprint.
GENK announcements also focus on the company’s consumer packaged goods program, including ready-to-cook marinated meats, sauces, snacks, beverages and soju. Recurring retail themes include grocery, warehouse club, specialty beverage and experiential venue distribution for GEN-branded products.
GEN Restaurant Group, Inc. (Nasdaq: GENK), owner of GEN Korean BBQ, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for Wednesday, July 31, 2024, at 5:00 p.m. Eastern time. Co-CEO David Kim and CFO Tom Croal will host the call, which will be preceded by a press release detailing the financial results for the quarter ended June 30, 2024.
Investors can join the call using the toll-free number 1-877-407-0792 (US) or 1-201-689-8263 (International) with Conference ID 13747302. The call will also be broadcast live and available for replay on the company's website. A telephonic replay will be accessible until August 7, 2024.
GEN Restaurant Group has launched a new Premium Menu at its GEN Korean BBQ locations nationwide. This menu, available for an extra fee per person or a la carte, includes high-quality proteins like Premium Marinated Long Bone Short Rib Steak, Wagyu, and Premium Marbling Center Cut Marinated Short Rib. Other options include Al Pastor, Pollo Asado, and Premium Cajun Shrimp. The menu aims to enhance the dining experience by offering a variety of gourmet-level entrees and interactive cooking at the table. GEN aims to elevate traditional Korean and Korean-American cuisine while introducing non-traditional items like their Taco Sampler.
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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