GEN Restaurant Group Q3 2023 revenue up 7.4% to $45.6M; comp sales down 1.2%

GEN Restaurant Group, Inc.

2023-Q3 EPS reported $0.08 revenue$135,899,000

Revenue $45.6M vs $42.4M YoY; net income $2.6M (5.8% of revenue).
Comparable restaurant sales decreased 1.2% year-over-year.
Adjusted EBITDA $5.0M (11.0% of revenue) including $0.7M pre-opening costs.
Four new restaurants averaging ~$5M annualized unit volumes; 12 leases signed for future units.
Total restaurant count now 35 after October 2023 Houston opening.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GEN Restaurant Group, Inc. reported third quarter ended September 30, 2023 results: revenue $45.6 million, net income $2.6 million.

Period: third quarter ended September 30, 2023
Revenue: $45.6 million
Net income: $2.6 million
Result: reported results

Exact text from the filing

Revenue was $45.6 million in the third quarter of 2023 compared to $42.4 million in the third quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-063703

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