NASDAQ$GENK
Gen Restaurant Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
GEN Restaurant Group reported financial results for Q3 2024, showing revenue growth but a decrease in net income due to increased expenses for new restaurant development.
GEN Restaurant Group reported a 7.8% increase in total revenue to $49.1 million for the third quarter of 2024. However, net income decreased to $0.2 million, or $0.01 per diluted share, due to higher expenses related to new restaurant openings. The company maintained a restaurant-level adjusted EBITDA margin above 18%.
- Opened one new location during the third quarter and two more locations in October 2024.
- Launched GEN Korean BBQ gift cards at participating Costco locations.
- Total revenue increased 7.8% to $49.1 million compared to the third quarter of 2023.
- Maintained restaurant-level adjusted EBITDA margin above 18% of revenue.
Headline financials
Revenue & EPS history
Gen · Revenue · Quarterly
$49.1M
Forward guidance
The Company is maintaining its expectation to open a total of 10 to 11 new locations in 2024 and generating restaurant-level adjusted EBITDA margin of approximately 18%.
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 Q3 2024
-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
| Quarter | Report date | Reaction (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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