GEN Restaurant Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 05:11 pm EST
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GEN Restaurant Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 45.56 million compared to USD 42.42 million a year ago. Net income was USD 0.337 million compared to USD 2.39 million a year ago. Basic earnings per share from continuing operations was USD 0.08. Diluted earnings per share from continuing operations was USD 0.08.
For the nine months, sales was USD 135.9 million compared to USD 122.88 million a year ago. Net income was USD 8.43 million compared to USD 10.49 million a year ago.
GEN Restaurant Group, Inc. operates Asian casual dining restaurant concepts. The Company owns GEN Korean BBQ, which is a cook-it-yourself casual dining concept. The Company offers guests a dining experience where guests serve as their own chefs preparing meals on embedded grills in the center of each table. It offers an extensive menu of traditional Korean and Korean-American food, including meats, poultry, seafood and mixed vegetables. Its restaurants have Korean pop music playing in the background. The Company operates approximately 37 Company-owned restaurants, which are located in California, Arizona, Hawaii, Nevada, New York, Texas, and Florida specializing in a variety of special flavored meats for Korean barbeque. Its subsidiaries include GEN Restaurant Group, LLC; JC Group International Inc.; GEN Restaurant Investment, LLC; GEN California, LLC; GEN Torrance, LLC; GEN San Jose, LP; GEN Chino Hills, LP; GEN Fremont, LP; GEN Westgate, LP, and GEN Online, LLC.
GEN RESTAURANT GROUP, INC. 
