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GEN Restaurant Group, Inc. Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
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 margin above 18% of revenue. Adjusted EBITDA 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. Adjusted net income was $0.9 million or $0.03 per diluted share of Class A common stock. Cash and cash equivalents at September 30, 2024 was
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