Earnings Call Summary | GEN Restaurant Group(GENK.US) Q1 2024 Earnings Conference
Earnings Call Summary | GEN Restaurant Group(GENK.US) Q1 2024 Earnings Conference
The following is a summary of the GEN Restaurant Group, Inc. (GENK) Q1 2024 Earnings Call Transcript:
以下是GEN餐廳集團公司（GENK）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
GEN Restaurant Group reported a 16% YOY increase in total Q1 2024 revenue at $50.8 million, compared to $43.9 million in Q1 2023.
However, same-store sales saw a slight decrease of 1.8%.
Net income for Q1 was reported at $3.7 million or $0.11 per share, which was a drop from $4.5 million in Q1 2023.
GEN餐廳集團報告稱，2024年第一季度總收入同比增長16％，達到5,080萬美元，而2023年第一季度爲4,390萬美元。
但是，同店銷售額略有下降1.8％。
第一季度的淨收入爲370萬美元，合每股收益0.11美元，低於2023年第一季度的450萬美元。
Business Progress:
業務進展：
The company successfully opened two new restaurant locations in Q1 and bought out its 50% partner in Hawaii to consolidate operations and revenues.
A broader expansion plan is in place, comprising of developing 30 additional new restaurants by 2026.
They have launched a premium menu across all locations, expecting to increase the average customer check
Despite increased labor costs and permit challenges, the company focused on efficient decision-making and process improvements, rather than raising prices.
該公司在第一季度成功開設了兩家新餐廳，並收購了其在夏威夷的50％合作伙伴，以整合運營和收入。
更廣泛的擴張計劃已經制定，包括到2026年再開發30家新餐廳。
他們已在所有地點推出了高級菜單，預計將增加平均顧客支票
儘管勞動力成本增加且許可證面臨挑戰，但該公司專注於有效的決策和流程改進，而不是提高價格。
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。