GEN Restaurant Group Q4 2023 revenue $45.1M (+10.4% YoY) but net loss $(0.2)M; comp sales down 1.7%

GEN Restaurant Group, Inc.

Q4 revenue $45.1M (+10.4% YoY); comp sales -1.7%; net loss $(0.2)M.
FY 2023 revenue $181.0M (+10.6% YoY); net income $11.4M; adjusted EBITDA $18.8M.
Operating loss $(0.9)M in Q4; G&A expenses rose to $5.1M from $2.3M.
Six new restaurants opened in 2023; pre-opening costs totaled $3.7M for the year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GEN Restaurant Group, Inc. reported financial results for fourth quarter and year ended December 31, 2023.

Period: fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024, GEN Restaurant Group, Inc. (the " Company" ) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-027142

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