NASDAQ$GENK

Gen Restaurant Group Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

GEN Restaurant Group reported solid top-line performance driven by comparable restaurant sales growth and new restaurant openings.

GEN Restaurant Group reported a 10.1% increase in revenue to $46.5 million compared to the second quarter of 2022, driven by a 1.4% increase in comparable restaurant sales and three new restaurant openings. Net income was $4.5 million, representing 9.6% of revenue, and adjusted EBITDA was $6.1 million, inclusive of pre-opening expenses.

  • Revenue increased by 10.1% to $46.5 million compared to Q2 2022.
  • Comparable restaurant sales increased by 1.4% compared to fiscal 2022.
  • Three new restaurants were opened, including the first GEN restaurant in Florida.
  • Net income reached $4.5 million, accounting for 9.6% of revenue.

Headline financials

Total Revenue

$46.5M

Previous: $42.2M+10.1%
EPS (adj)

$0.93

Previous: $1.42-34.4%
Adjusted EBITDA

$6.1M

No prior period
Comparable restaurant sales

1.4%

No prior period
Restaurant operating expenses

$84.10

No prior period
Capital Expenditures

-$4.85M

No prior period
Free Cash Flow

-$885K

No prior period
Net Income

$3.96M

Previous: $5.11M-22.5%
Operating Income

$3.37M

Previous: $3.64M-7.4%
Gross Profit

$7.38M

Previous: $28.1M-73.7%
Cash & Equivalents

$55M

No prior period
Total Assets

$185M

No prior period

Revenue & EPS history

Gen · Revenue · Quarterly

$46.5M

Q2 2023+10.1%vs Q2 2022
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-5.1%

Avg return

Earnings day

-7.6%

Avg return

5 days after

-7.2%

Avg return

30 days after

25%

3 / 12 earnings

Positive

+22.8%

Q4 2024

Best reaction

-18.8%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.1%+0.5%-4.5%
Q4 2025-2.7%-20.9%-16.8%
Q3 2025-6.0%-1.5%-14.8%
Q2 2025-15.3%-18.1%-25.1%
Q1 2025-15.8%-19.4%-20.0%
Q4 2024+22.8%+14.5%-12.4%
Q3 2024-15.2%-15.0%-15.9%
Q2 2024+14.4%+0.5%+9.2%
Q1 2024+7.7%+6.2%-6.5%
Q4 2023-18.8%-16.9%+61.3%
Q3 2023-14.8%-8.9%-13.8%
Q2 2023-13.5%-12.6%-26.9%
Q1 2023
Q4 2022
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q4 2020

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