GEN Restaurant Group, Inc. Class A ( (GENK) ) has released its Q1 earnings. Here is a breakdown of the information GEN Restaurant Group, Inc. Class A presented to its investors.
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GEN Restaurant Group, Inc., a prominent player in the casual dining sector, is known for its GEN Korean BBQ brand, which offers a unique ‘grill at your table’ dining experience. The company, headquartered in Cerritos, California, continues to expand its footprint with innovative dining concepts.
In its first quarter of 2025, GEN Restaurant Group reported a 13% increase in total revenue, reaching $57.3 million. The company also opened six new locations, including its first dual-concept restaurant in Austin, Texas, combining GEN Korean BBQ with its new Kan Sushi brand.
Key financial highlights include a modest decline in same-store sales by 0.7%, an increase in restaurant-level adjusted EBITDA to $9.0 million, and a net loss before income taxes of $2.1 million. The company also reported cash and cash equivalents of $15.4 million, with no material long-term debt.
Looking ahead, GEN Restaurant Group plans to open 12 to 13 new locations in 2025, including its first international restaurants in South Korea. The management remains optimistic about achieving a total revenue of $245 to $250 million for the year, supported by strong cash flow and strategic growth initiatives.