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Dec 31, 2024
Gen Q4 2024 Earnings Report
GEN Restaurant Group, Inc. reported revenue growth but a decline in comparable restaurant sales and increased costs in Q4 2024.
Key Takeaways
GEN Restaurant Group, Inc. achieved a 21.2% year-over-year revenue increase to $54.7 million in Q4 2024. However, comparable restaurant sales declined by 4.8%. The company reported a net loss of $1.4 million, compared to a $0.2 million net loss in Q4 2023. Adjusted EBITDA grew 25% to $2.1 million.
Total revenue increased by 21.2% to $54.7 million.
Comparable restaurant sales declined by 4.8% year-over-year.
Net loss widened to $1.4 million from $0.2 million in Q4 2023.
Adjusted EBITDA increased 25.0% to $2.1 million.
Forward Guidance
GEN Restaurant Group expects continued revenue growth with 10-13 new store openings in 2025 and international expansion into South Korea.
Positive Outlook
- 10-13 new restaurants planned for 2025.
- Expansion into South Korea with two company-owned locations.
- Strong cash position of $23.7 million and no material long-term debt.
- Continued sales momentum in Q1 2025 with a 1% growth in comparable restaurant sales.
- Increased focus on premium menu offerings and pricing adjustments.
Challenges Ahead
- Higher costs associated with new restaurant openings.
- Continued pressure on comparable restaurant sales performance.
- Increase in occupancy and operating costs compared to prior year.
- Pre-opening expenses expected to remain high in 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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