GEN Restaurant jumps on earnings beat, expansion plans
ReutersMar 7, 2025 12:33 PM
Shares of Korean BBQ chain GEN Restaurant Group GENK.O rise 21.8% to $6.20 premarket
On Thursday, co posted Q4 sales of $54.7 mln, above analysts' est. of $49.8 mln - data compiled by LSEG
Co reports Q4 adj. loss of 2 cents/shr, narrower than expected loss of 3 cents/shr
Co says it expects to open 10 to 13 new units in 2025
Co expanding to South Korea and will open at least two new locations there in 2025
Stock fell 4.2% in 2024
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