{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-059510","form_type":"8-K","ticker":"GENK","cik":"0001891856","company_name":"GEN Restaurant Group, Inc.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.107425+00:00","generated_at":"2026-06-02T01:22:08.711127+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GEN Restaurant Group Q1 revenue up 16% to $50.8M; net income falls to $3.7M; same-store sales down 1.8%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-059510","json":"https://secwatch.observer/filing/0000950170-24-059510.json","markdown":"https://secwatch.observer/filing/0000950170-24-059510.md","text":"https://secwatch.observer/filing/0000950170-24-059510.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1891856/000095017024059510/0000950170-24-059510-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1891856/000095017024059510/genk-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:22:08.711127+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"371d7eb3e525ec6bf69fa55210c82710721a4573","claim":"GEN Restaurant Group, Inc. reported first quarter ended March 31, 2024 results: revenue $50.8 million, net income $3.7 million.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1891856/000095017024059510/0000950170-24-059510-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$50.8 million"},{"label":"Net income","value":"$3.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}