Exceeding Revenue Projections
For the full year 2024, GEN Restaurant Group reported $208 million in revenue, exceeding their guidance range and analyst expectations.
Strong Fourth Quarter Performance
The fourth quarter saw a 21% year-over-year revenue growth and a 25% year-over-year growth in total adjusted EBITDA.
Successful New Restaurant Openings
Nine new restaurants opened since the year-end call last year, bringing the total restaurant count to 46 locations nationwide.
Positive Comparable Restaurant Sales
Despite a 5.6% decline in 2024, the first two months of 2025 saw a return to growth with a 1% increase in comparable restaurant sales.
International Expansion Plans
GEN announced plans to expand internationally, with at least two locations in South Korea planned for 2025.