GEN Restaurant Gr Q4 EPS $(0.01) Misses $0.03 Estimate, Sales $45.11M Beat $43.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
GEN Restaurant Gr (NASDAQ:GENK) reported Q4 earnings with a loss of $(0.01) per share, missing the consensus estimate of $0.03. However, their quarterly sales of $45.11M exceeded the estimate of $43.95M, marking a 10.43% increase from the previous year.
March 06, 2024 | 9:13 pm
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GEN Restaurant Gr reported a Q4 EPS loss of $(0.01), missing estimates, but exceeded sales expectations with $45.11M, a 10.43% YOY increase.
While GENK missed EPS estimates, indicating potential operational or cost management issues, the beat on sales estimates and significant year-over-year growth could signal strong demand and market presence. The mixed results present a neutral short-term outlook as investors weigh the implications of missed EPS against strong sales performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100