Milestone Marks GEN’s Entry into Global Market and 50th Location, Signaling Strong Growth and Continued Expansion MomentumCERRITOS, Calif., June 16, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, today announced the grand opening of its first international location in Ilsan, South Korea. “We are excited to return to our roots as we ...

GEN Restaurant Group (GENK) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Company Participants Thomas Croal - Chief Financial OfficerDavid Kim - Chairman & CEOWill Forsberg - Equity Research Associate Conference Call Participants Todd Brooks - Equity Research AnalystGeorge Kelly - Managing Director, Senior Research Analyst Operator Please also note today's event is being recorded. At this time, I would like to turn the floor over to Tom Kearl, the company's Chief Financial Officer. Sir, you may begin. Thom ...

GEN Restaurant Group (GENK) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 Please also note today's event is being recorded. At this time, I would like to turn the floor over to Tom Kearl, the company's Chief Financial Officer. Sir, you may begin. Speaker1 Thank you, operator, and good afternoon. By now, everyone should have access to our first quarter twenty twenty five earnings release. If not, it can be found at www.jenkoreanbbq.com in the Investor Relations section. Before we begin our formal r ...

Restaurant Expansion - GEN Restaurant Group opened six new restaurants in Q1 2025, bringing the total to 49 locations, up from 39 in Q1 2024[155]. - The company expects to open a total of 12 to 13 locations in fiscal year 2025[143]. - The company opened six new restaurants in Q1 2025, all of which were self-funded[192]. - The number of restaurants open increased to 49 in the three months ended March 31, 2025, from 39 in the same period of 2024[172]. Financial Performance - Revenue for the three months ended March 31, 2025, was $57.3 million, an increase of $6.5 million or 13.0% compared to $50.8 million in the same period of 2024[172]. - Comparable restaurant sales decreased by 0.7% for the three months ended March 31, 2025, compared to a decline of 1.8% in the same period of 2024[154]. - Adjusted net income attributable to GEN Restaurant Group, Inc. was $216,000 for Q1 2025, down from $383,000 in Q1 2024, reflecting a decrease of approximately 43.5%[190]. - Net loss for the three months ended March 31, 2025, was $1.964 million, a decrease of $5.662 million or 153.1% compared to a net income of $3.698 million in 2024[172]. Expenses and Costs - Total restaurant operating expenses increased by $7.2 million or 15.6%, reaching $53.1 million for the three months ended March 31, 2025, compared to $45.9 million in 2024[172]. - General and administrative expenses rose by $1.7 million or 36.3%, totaling $6.4 million for the three months ended March 31, 2025, compared to $4.7 million in 2024[179]. - Pre-opening costs increased by $747 thousand or 39.3%, amounting to $2.6 million for the three months ended March 31, 2025, compared to $1.9 million in 2024[178]. - Food costs increased by $2.3 million or 13.5%, totaling $19.3 million for the three months ended March 31, 2025, compared to $17.0 million in 2024[173]. - Occupancy expenses rose by $0.8 million or 18.6%, reaching $5.1 million for the three months ended March 31, 2025, compared to $4.3 million in 2024[175]. Cash Flow and Financing - Net cash provided by operating activities was $2.154 million in Q1 2025, down from $3.514 million in Q1 2024, representing a decrease of approximately 38.7%[201]. - Net cash used in investing activities was $6.829 million in Q1 2025, slightly lower than $7.076 million in Q1 2024[204]. - Net cash used in financing activities was $3.636 million in Q1 2025, compared to $947,000 in Q1 2024, indicating a significant increase in financing outflows[205]. - As of March 31, 2025, the company had $15.4 million in cash and negative working capital of $13.0 million, compared to $23.7 million in cash and negative working capital of $7.2 million as of December 31, 2024[191]. - The company had $9.2 million in contractual obligations related to debt as of March 31, 2025, which are expected to be paid within the next 12 months[206]. Credit and Debt - A $20 million line of credit was established with PCB bank, maturing on September 25, 2025, with a variable interest rate of 7.75%[144]. - The company is exposed to market interest rates through its line of credit, which is tied to the Wall Street Journal Prime Rate plus 0.25%[220]. Strategic Outlook - The company has a target Payback Period of less than 3 years for new restaurant units, equating to an ROI of 33% to 40%[142]. - The company expects to pay approximately $99.6 million under the Tax Receivable Agreement through 2037, based on anticipated tax benefits[196]. - The company assessed its financial condition and results of operations in conjunction with its quarterly and annual reports filed with the SEC[140]. - Adjusted EBITDA and Adjusted EBITDA Margin are key performance measures, although specific figures were not disclosed in the provided content[147]. Market Conditions - The company has partially offset inflation and cost changes by gradually increasing menu prices and improving purchasing practices[219]. - There is uncertainty regarding the ability to continue offsetting future cost increases with menu price increases[219]. - Competitive conditions may limit menu pricing flexibility, impacting sales growth[219]. - Macroeconomic conditions could render additional menu price increases imprudent[219]. - The company is classified as an "emerging growth company" and is utilizing certain exemptions from reporting requirements under the JOBS Act[214]. Performance Metrics - Average Unit Volume (AUV) for the twelve months ended March 31, 2025, was $5,403, a decrease from $5,842 in the previous year[151]. - Restaurant-Level Adjusted EBITDA was $8.959 million for the three months ended March 31, 2025, compared to $8.433 million in 2024, reflecting an increase of $526 thousand or 6.2%[188]. - Adjusted EBITDA for the three months ended March 31, 2025, was $1.249 million, a decrease of $1.715 million or 57.8% compared to $2.964 million in 2024[184]. - No impairment charges were recorded for long-lived assets in any of the periods presented[144].

CERRITOS, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, is announcing financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial and Recent Operational Highlights Total revenue grew 13.0% year-over-year to $57.3 million for the first quarter.Restaurant-level adjusted EBITDA(1) incre ...

Exhibit 99.1 GEN Restaurant Group Announces First Quarter 2025 Financial Results CERRITOS, CA, May 13, 2025 - GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature "grill at your table" experience, is announcing financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial and Recent Operational Highlights (1) Adjusted EBITDA, restaurant-level adjusted EBITDA, and adj ...

CERRITOS, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, will hold a conference call on Tuesday, May 13, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The results will be reported in a press release prior to the conference call. Chairman and Chief Exec ...

CERRITOS, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. ("GEN" or the "Company") (NASDAQ:GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature "grill at your table" experience, today announced the opening of its first North Carolina location in Cary. "Entering new states is a key milestone in our strategic growth plan, and we're excited to introduce North Carolina as the eleventh state where GEN Korean BBQ now operates," said David ...

GEN is Continuing Texas Expansion with Austin Following Success Across the StateCERRITOS, Calif., March 19, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, today announced a new restaurant location in Austin, Texas, which opened on March 12, 2025. “We are making strong progress in expanding across the state of Texas,” said David Kim ...

CERRITOS, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, announced today that its board of directors approved a stock repurchase program authorizing the repurchase of up to $5.0 million worth of shares of the Company’s outstanding Class A common stock, par value $0.001 (“Common Stock”). The stock repurchase progra ...