Year-over-Year Revenue Growth
GEN Restaurant Group reported a 13% increase in total revenues year-over-year, reaching $57.3 million in Q1 2025, driven by the expansion of new stores and success of existing locations.
Store Expansion and Strategic Growth
The company opened six new restaurants in Q1 2025, bringing the total to 49 stores, with plans to open 12 to 13 new stores by the end of 2025. This includes international expansion into South Korea.
Improved Same-Store Sales
Same-store sales improved significantly from a 5.6% decline in 2024 to a modest 0.7% decline in Q1 2025.
Strong ROI and Cash Flow Model
GEN achieved a 40% ROI with a 2.1-year payback period on new stores opened in 2024, and has grown its store count by 50% since going public in 2023 without taking on long-term debt.
Innovative Dual-Concept Store
The introduction of a dual-concept store model combining GEN Korean BBQ and Kan Sushi to enhance operational efficiency and customer choice.