Earnings Call Summary | GEN Restaurant Group(GENK.US) Q4 2023 Earnings Conference
Earnings Call Summary | GEN Restaurant Group(GENK.US) Q4 2023 Earnings Conference
The following is a summary of the GEN Restaurant Group, Inc. (GENK) Q4 2023 Earnings Call Transcript:
以下是GEN餐廳集團公司（GENK）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
GEN Restaurant Group reported an annual revenue increase of 10.6% to $181 million, largely driven by new unit openings and a modest 0.6% increase in same store sales.
Q4 revenue saw an increase of 10.4% to $45.1 million, however, this was offset by a 1.7% decrease in same store sales. Adjusted EBITDA for Q4 was $1.6 million, with a net loss of $193,000.
The company remains financially secure with no long-term debt, besides a $5 million government-funded EIDL loan, and reported $31 million in cash and cash equivalents.
GEN餐廳集團報告稱，年收入增長10.6％，達到1.81億美元，這主要是由新分店的開業和同店銷售額略有增長0.6％的推動的。
第四季度收入增長了10.4％，達到4510萬美元，但是，這被同店銷售額下降1.7％所抵消。第四季度調整後的息稅折舊攤銷前利潤爲160萬美元，淨虧損19.3萬美元。
除了500萬美元的政府資助的EIDL貸款外，該公司保持財務安全，沒有長期債務，並報告了3,100萬美元的現金和現金等價物。
Business Progress:
業務進展：
The company expanded its operations by opening six new restaurants in 2023 and has plans to open eight more in 2024.
Connectivity with customer is improved by their unique cook-it-yourself dining model. The company is also testing new menu items and exploring initiatives like serving Soju across various locations.
Despite economic pressures, the company has managed to maintain competitive pricing through cost control measures.
In 2024, the company plans to broaden its presence across key markets including Texas, Arizona, Florida, New York, and Hawaii. It is also eyeing expansion into markets like North Carolina, Tennessee, Seattle, Oregon possibly by 2025.
To enhance long-term shareholder value, the company is using its strong free cash flows to fund these expansions.
該公司擴大了業務，在2023年開設了六家新餐廳，並計劃在2024年再開設八家餐廳。
他們獨特的自己做飯的餐飲模式改善了與顧客的聯繫。該公司還在測試新的菜單項，並探索在不同地點供應燒酒等舉措。
儘管面臨經濟壓力，但該公司還是設法通過成本控制措施保持了有競爭力的價格。
2024年，該公司計劃擴大其在主要市場的影響力，包括德克薩斯州、亞利桑那州、佛羅里達州、紐約州和夏威夷州。它還考慮可能在2025年之前向北卡羅來納州、田納西州、西雅圖和俄勒岡州等市場擴張。
爲了提高長期股東價值，該公司正在利用其強勁的自由現金流爲這些擴張提供資金。
More details: GEN Restaurant Group IR
更多詳情： GEN 餐廳集團 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。