GEN Restaurant Group, Inc. Announces Third Quarter 2024 Financial Results
GEN Restaurant Group, Inc. (GENK)
Company Research
Source: GlobeNewswire
CERRITOS, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, is announcing financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Recent Operational Highlights Opened one new location during the third quarter and two more locations in October 2024.Launched GEN Korean BBQ gift cards at participating Costco locations, which are within five miles of most of the Company’s regions across the U.S.Total revenue increased 7.8% to $49.1 million compared to the third quarter of 2023.Maintained restaurant-level adjusted EBITDA(1) margin above 18% of revenue.Adjusted EBITDA(1) was $3.4 million and 7.0% of revenue inclusive of pre-opening expense of approximately $1.8 million.Net income was $0.2 million or $0.01 per diluted share of Class A common stock.Adjuste
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GENK
News
- 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 (GENK) Q3 2024 Earnings Call Highlights: Revenue Growth and Expansion ... [Yahoo! Finance]Yahoo! Finance
- Earnings To Watch: GEN Restaurant Group Inc (GENK) Reports Q3 2024 Result [Yahoo! Finance]Yahoo! Finance
- GEN Restaurant Group, Inc. to Hold Third Quarter 2024 Conference Call on Tuesday, November 12, 2024, at 5:00 p.m. ETGlobeNewswire
GENK
Earnings
- 11/12/24 - Beat
GENK
Sec Filings
- 12/19/24 - Form 4
- 12/18/24 - Form 4
- 11/25/24 - Form 4
- GENK's page on the SEC website