BUZZ-GEN Restaurant jumps on earnings beat, expansion plans

Reuters
07 Mar
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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10