BUZZ-GEN Restaurant jumps on earnings beat, expansion plans

Reuters

03-07

BUZZ-GEN Restaurant jumps on earnings beat, expansion plans

** 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

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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