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GEN Restaurant Group, Inc. Class A (GENK)
:GENK
Holding GENK?
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2023
|% Change Since: -30.43%
|Next Earnings Date:Aug 14, 2023
Earnings Call Sentiment|Neutral
GEN Restaurant Group experienced significant revenue growth and success with new restaurant openings and a strong gift card program. However, challenges such as a decline in same-store sales and increased operating expenses were noted. External factors like weather disruptions also impacted performance.Company Guidance
In the GEN Restaurant Group's Q3 2024 earnings call, key guidance was provided indicating strong financial performance and strategic expansion. The company reported a 7.8% increase in total revenue to $49.1 million, driven primarily by the success of newer restaurants. Despite a 9.6% decline in same-store sales year-over-year, the company achieved a restaurant-level adjusted EBITDA margin of slightly over 18%. GEN Restaurant Group plans to open 10 to 11 new restaurants in 2024, with 75 to 80 total locations projected by the end of 2026. The company also launched a successful gift card program at Costco, significantly increasing sales and brand recognition. Additionally, GEN is focusing on new initiatives like GEN Grills and expanding their premium menu offerings, aiming for a 10% mix of premium sales. The company remains well-positioned for sustained growth, with expectations to achieve total revenues between $200 million and $205 million for the year.Revenue Growth
GEN Restaurant Group reported a 7.8% increase in revenue to $49.1 million for Q3 2024, driven by the success of newer restaurants.
Successful New Restaurant Openings
Three new restaurant openings exceeded expectations, with potential to rank among the top revenue-generating locations.
Gift Card Program Success
The launch of GEN gift cards at Costco resulted in exceptional sales, indicating strong brand recognition.
Cost Management
Cost of goods sold decreased by 50 basis points to 31.4% of total revenue, and payroll and benefits decreased by 120 basis points to 30.5%.
Strategic Expansion Plans
GEN is on track to open 10 to 11 new restaurants in 2024, with plans to reach 75 to 80 locations by the end of 2026.
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GEN Restaurant Group, Inc. Class A (GENK) Earnings, Revenues Date & History
GENK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GENK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $10.22 | $8.27 | -19.08% |
| Jul 31, 2024 | $8.65 | $9.55 | +10.40% |
| May 14, 2024 | $11.09 | $12.02 | +8.39% |
| Mar 06, 2024 | $6.76 | $5.91 | -12.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GEN Restaurant Group, Inc. Class A (GENK) report earnings?
GEN Restaurant Group, Inc. Class A (GENK) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is GEN Restaurant Group, Inc. Class A (GENK) earnings time?
GEN Restaurant Group, Inc. Class A (GENK) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GENK EPS forecast?
GENK EPS forecast for the fiscal quarter 2024 (Q4) is -0.03.
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