GEN Restaurant Group Reports Strong 2024 Results

GEN Restaurant Group, Inc. Class A ( (GENK) ) has released its Q4 earnings. Here is a breakdown of the information GEN Restaurant Group, Inc. Class A presented to its investors.

GEN Restaurant Group, Inc., known for its GEN Korean BBQ chain, operates in the casual dining sector, offering a unique ‘grill at your table’ experience with a diverse menu of Korean and Korean-American cuisine. The company reported a robust financial performance for 2024, with total revenue reaching $208.4 million, surpassing its full-year outlook. This growth was driven by a 15.1% increase in revenue and a 25% rise in adjusted EBITDA, despite a slight decline in comparable restaurant sales. GEN also expanded its footprint by opening nine new locations and plans further expansion, including international ventures in South Korea. The company maintained strong financial health with $23.7 million in cash and no significant long-term debt. Looking ahead, GEN is focused on executing its growth initiatives and capitalizing on the increasing demand for Korean BBQ, with plans to open additional units and expand internationally, supported by its solid financial position.