GEN Restaurant Group Inc

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

GEN Restaurant Group reports revenue growth but faces margin pressures

GEN Restaurant Group Inc (GENK) saw revenue growth but faced challenges with declining same-store sales and rising expenses.
Despite these hurdles, the company remains focused on expansion and enhancing the customer experience.
To improve profitability and drive future growth, GEN needs to address cost pressures and implement strategic initiatives.
Investors should monitor GEN's efforts to navigate challenges and capitalize on growth opportunities in the competitive restaurant industry.

GENK reports robust Q2 growth, eyes expansion amid market challenges

GEN Restaurant Group Inc delivered strong revenue growth and EBITDA margins in Q2 2024, despite challenges in same-store sales and cost pressures.
The company's expansion plans and focus on profitability position it well for future growth and market expansion.
Addressing consumer spending trends and operational efficiencies will be key for GEN to navigate challenges and capitalize on growth opportunities.
Maintaining a prudent financial stance with minimal debt, GEN remains committed to driving shareholder value through strategic initiatives and market expansion.

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GEN Restaurant Group, Inc. engages in the operation of casual dining restaurants. It offers traditional Korean and Korean-American food, including meats, poultry, and seafood. The company was founded by Jae Chang and David Kim in September 2011 and is headquartered in Cerritos, CA.

CERRITOS, Calif., July 24, 2023 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (NASDAQ: GENK), owner of GEN Korean BBQ, a fast-growing experiential Asian dining concept, today announced that it will host a conference call to discuss the Company's second quarter 2023 financial results on Monday, August 14, 2023 at 5:00 PM Eastern Time. A press release with the second quarter 2023 financial results will be issued after the market close that same day. Hosting the call will be David Kim, Co-Chief Executive Officer and Tom Croal, Chief Financial Officer.

GEN Restaurant Group, Inc. to Announce Second Quarter 2023 Financial Results on August 14, 2023

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Seven issuers began trading in the final week of June, six of which are eligible for inclusion in our IPO stats and four of which raised $100+ million. The largest for-profit thrift store chain in North America, Savers Value Village upsized and priced above the range to raise $401 million at a $3.1 billion market cap. No IPOs are currently scheduled to list in the week ahead, as markets take a break to celebrate the Fourth of July, although some small issuers may join the calendar during the week.

U.S. IPO Weekly Recap: Sizable Deals Close Out The Q2 IPO Market, Led By Thrift Store Savers

CERRITOS, Calif., June 30, 2023 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (the “Company” or “GEN”) (NASDAQ: GENK), owner of GEN Korean BBQ, a fast-growing experiential Asian dining concept, announced today the closing of its initial public offering of 3,600,000 shares of its Class A common stock at a price of $12.00 per share, and the full exercise by the underwriters of their option to purchase an additional 540,000 shares of Class A common stock. The Company received proceeds from the offering, net of the underwriters' discount, of approximately $46.2 million.

GEN Restaurant Group Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

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IPO investors, much like shoppers in the current inflationary environment, are demanding clear discounts and demonstrating sensitivity to price and valuations, according to Renaissance Capital.

Like shoppers, IPO investors are demanding discounts and showing price sensitivity

Shares of GEN Restaurant Group Inc. GENK, +39.75% fired out of the gate Wednesday, as the GEN Korean BBQ restaurant chain's stock opened more than 50% above the initial public offering price. The profitable company raised $43.2 million as its 3.6 million-share offering priced late Tuesday at $12 a share.

GEN Restaurant stock cheered in Nasdaq debut, after upsized IPO priced at top of range

GEN Restaurant (NASDAQ: GENK ) stock is a hot topic among traders on Wednesday as the company's shares are set to start trading today. Let's get into some of the most important news traders need to know about GEN Restaurant as shares start trading.

GENK Stock: 7 Things to Know as GEN Restaurant Group Starts Trading Today

GEN Restaurant Group Inc. GENK, is set to go public Wednesday, after the profitable GEN Korean BBQ restaurant chain's upsized initial public offering priced at the top of the expected range. The California-based company raised $43.2 million, as it said late Tuesday that it sold 3.6 million shares, up from previous expectations of 3.0 million, at $12 a share, compared with expectations of an IPO pricing of between $10 and $12 a share.

GEN Korean BBQ set to go public as upsized IPO priced at the top of the expected range

It's not a stretch to say that initial public offering (IPO) season is heating up. Earlier this month, restaurant chain Cava Group (NYSE: CAVA ) shocked markets on its first day of trading.

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There were signs of life in the initial public offering on Monday with a lineup of six deals on tap this week, four of which are expected to raise more than $100 million.

IPO market readies for six-deal week, with four expected to raise more than $100 million

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There were no pricings during the shortened holiday week, as Korean BBQ chain Gen Restaurant Group delayed its offering to next week. Direct-to-consumer cosmetics and personal care products provider ODDITY Tech filed to raise an estimated $300 million. Inflammatory disease biotech Apogee Therapeutics filed to raise $100 million, in a deal led by Jefferies.

U.S. IPO Weekly Recap: The Summer Calendar Starts To Fill Up

GEN Restaurant Group has filed proposed terms for a $33 million U.S. IPO. The firm operates a chain of Korean BBQ restaurants in the United States. GENK's topline revenue growth is slowing, net margins are dropping quickly and the macroeconomic environment for discretionary spending is deteriorating.

IPO Update: GEN Restaurant Group Readies $33 Million IPO

GEN Restaurant Group has filed to raise $25 million in a U.S. IPO, although the final figure may differ. The firm operates a chain of Korean casual dining restaurants in the United States. GENK's revenue has grown, but at a slower rate of growth more recently.

GEN Restaurant Group Begins $25 Million U.S. IPO Plan

News for GEN Restaurant Group Inc Stock (GENK)