GEN Restaurant Group, Inc. Announces First Quarter 2024 Financial Results [Yahoo! Finance]
GEN Restaurant Group, Inc. (GENK)
Company Research
Source: Yahoo! Finance
cook-it-yourself casual dining concept, is announcing financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial and Recent Operational Highlights Total revenue increased 16% to $50.8 million compared to the first quarter of 2023. Income from operations was $108 thousand and 0.2% of revenue. Restaurant-level adjusted EBITDA was $8.4 million and 16.6% of revenue. Net Income was $3.7 million and 7.3% of revenue. Adjusted EBITDA was $6.4 million and 12.5% of revenue inclusive of pre-opening expense of approximately $1.9 million. Cash and cash equivalents at March 31, 2024 was $28.1 million. Opened two new locations during the first quarter of 2024 in Seattle, Washington and Dallas, Texas. Opened a third location in Jacksonville, Florida during April 2024. Launched new Premium Menu at all 40 nationwide locations featuring 10 gourmet protein options at an additional cost of $20 per guest. Completed an acquisition to buy out the Company's
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GENK
News
- GEN Korean BBQ Debuts All-New Premium Menu Nationwide [Yahoo! Finance]Yahoo! Finance
- GEN Korean BBQ Debuts All-New Premium Menu NationwideGlobeNewswire
- GEN Restaurant Group, Inc. (NASDAQ: GENK) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $14.00 price target on the stock.MarketBeat
- GEN Restaurant Group, Inc. (NASDAQ: GENK) had its price target raised by analysts at Craig Hallum from $10.00 to $13.50. They now have a "buy" rating on the stock.MarketBeat
- GEN Restaurant Group, Inc. (NASDAQ: GENK) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $14.00 price target on the stock, up previously from $10.00.MarketBeat
GENK
Earnings
- 5/14/24 - Beat
GENK
Sec Filings
- 6/26/24 - Form 8-K
- 6/13/24 - Form 4
- 6/12/24 - Form 4
- GENK's page on the SEC website