Quarterly ResultMay 14, 2026, 04:13 PM
GEN Restaurant Group Q1 Revenue $53.9M, Net Loss $(7.2)M, EPS $(0.22)
AI Summary
GEN Restaurant Group reported Q1 2026 revenue of $53.9 million, a 6.0% decrease year-over-year, with a net loss of $7.2 million, or $(0.22) per diluted share. Same-store sales declined by 8.8%. The company opened two new locations, bringing the total to 59, and is significantly expanding its Consumer-Packaged-Goods (CPG) division, projecting growth to over 2,000 grocery locations by year-end 2026. GEN also entered a joint venture for five locations and slowed 2026 restaurant development to preserve capital.
Key Highlights
- Revenue totaled $53.9 million, a 6.0% decrease year-over-year.
- Net loss was $7.2 million, or $(0.22) per diluted share.
- Same store sales declined 8.8% in Q1 2026.
- Restaurant-level adjusted EBITDA was $4.0 million, or 7.4% of revenue.
- Opened two new locations, bringing total store count to 59.
- CPG division projects over 2,000 grocery locations by end of 2026.
- Entered a joint venture with Chubby Cattle International on five locations.
- Slowed 2026 restaurant development to 5-7 openings.