GEN Restaurant Group Inc (GENK) Q3 2024 Earnings Call Highlights: Revenue Growth and Expansion ... [Yahoo! Finance]
GEN Restaurant Group, Inc. (GENK)
Company Research
Source: Yahoo! Finance
GEN Restaurant Group Inc ( NASDAQ:GENK ) reported a 7.8% increase in revenue for Q3 2024, reaching $49.1 million, driven by the success of newer restaurants. The company opened three new restaurants, which are performing exceptionally well, with one potentially becoming the top revenue-generating location. Cost of goods sold decreased by 50 basis points to 31.4% of total revenue, indicating improved cost management. The company has a strong expansion pipeline with 17 additional locations lined up and plans to open 10 to 11 new restaurants in 2024. GEN Restaurant Group Inc ( NASDAQ:GENK ) launched a successful gift card program with Costco, which has been the best-selling gift card in the participating locations. Same-store sales growth declined by 9.6% year over year, affected by inflationary pressures and temporary disruptions from hurricanes. The company experienced cannibalization in Texas and Hawaii due to new restaurant openings, impacting existing locations. Gener
Show less
Read more
Impact Snapshot
Event Time:
GENK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GENK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GENK alerts
High impacting GEN Restaurant Group, Inc. news events
Weekly update
A roundup of the hottest topics
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. Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- 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