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GEN Restaurant Group Drops 15% After Q4 Report - Orange County Business Journal
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GEN Restaurant Group Drops 15% After Q4 Report - Orange County Business Journal
GEN Restaurant Group Inc., parent company of GEN Korean BBQ, reported fourth-quarter revenue fell 9% year-over-year to $50 million. The Cerritos-based company cited a slowdown in foot traffic during the fourth quarter – specifically among Hispanic consumers who make up a majority of its customer base, according to Chief Executive David Kim. Kim said in a March 31 statement that immigration enforcement as well as increased fuel prices have re…
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