---
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"
generated_at: "2026-06-02T01:22:08.711127+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-059510
- JSON: https://secwatch.observer/filing/0000950170-24-059510.json
- Plain text: https://secwatch.observer/filing/0000950170-24-059510.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1891856/000095017024059510/0000950170-24-059510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.