In This Article:
GEN Restaurant Group (NASDAQ:GENK) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$53.9m (up 16% from 2Q 2023).
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Net income: US$277.0k (down 93% from 2Q 2023).
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Profit margin: 0.5% (down from 8.5% in 2Q 2023).
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EPS: US$0.061 (down from US$0.93 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GEN Restaurant Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 125%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are up 22% from a week ago.
Risk Analysis
Be aware that GEN Restaurant Group is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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