GEN Restaurant Group Q1 revenue up 16% to $50.8M; net income falls to $3.7M; same-store sales down 1.8%

GEN Restaurant Group, Inc.

2024-Q1 EPS reported $0.11 revenue$50,760,000

Revenue $50.8M (+16% YoY); operating income $108K, net income $3.7M vs $4.5M prior year.
Comparable restaurant sales down 1.8% YoY; costs rose from wage hikes in CA and new store pre-opening expenses of $1.9M.
Bought out 50% partner in GKBH Restaurant LLC in February; now owns 100% of 40 locations; gain of $3.4M.
Opened 2 new locations in Q1 (Seattle, Dallas) and 1 in April (Jacksonville); launched Premium Menu at $20 extra.
Adjusted EBITDA $6.4M (12.5% of rev) vs $5.8M (13.3%); cash $28.1M.

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 first quarter ended March 31, 2024 results: revenue $50.8 million, net income $3.7 million.

Period: first quarter ended March 31, 2024
Revenue: $50.8 million
Net income: $3.7 million
Result: reported results

Exact text from the filing

is announcing financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial and Recent Operational Highlights • Total revenue increased 16% to $50.8 million compared to the first quarter of 2023. • Income from operations was $108 thousand and 0.2% of revenue. • Restaurant-level adjusted EBITDA (1) was $8.4 million and 16.6% of

View on SEC.gov

1349 earnings releases filed in the last 30 days. Browse all earnings releases →

GEN Restaurant Group, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-059510

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.