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GEN Korean BBQ Opens First North Carolina Location in Cary

1. GEN expands with its first location in North Carolina, marking strategic growth. 2. The Cary restaurant is positioned in a thriving metropolitan area. 3. GEN operates over 40 locations, enhancing its market presence. 4. The brand offers an interactive dining experience appealing to many.

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Why Bullish?

GEN's expansion into new markets typically leads to increased revenues and brand recognition, similar to past openings that boosted stock performance.

How important is it?

The article discusses a significant corporate development that is likely to enhance future financial performance and investor interest.

Why Long Term?

Earnings growth from new locations often takes time to materialize, similar to previous openings which showed significant sales growth after initial launch.

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Cary Marks GEN’s Sixth New Location in 2025, Reflecting Strong Momentum in Expansion Strategy March 31, 2025 08:30 ET  | Source: GEN Restaurant Group, Inc. CERRITOS, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, today announced the opening of its first North Carolina location in Cary. “Entering new states is a key milestone in our strategic growth plan, and we’re excited to introduce North Carolina as the eleventh state where GEN Korean BBQ now operates,” said David Kim, Chairman and CEO of GEN. “Sharing our Korean barbecue experience with a new and diverse audience is an incredible opportunity and we look forward to introducing North Carolina residents to our all-inclusive, value-focused dining experience.” Located near the dynamic Triangle region encompassing Chapel Hill, Durham, and Raleigh, the Cary restaurant is strategically positioned to serve a thriving population in one of North Carolina’s most prominent metropolitan areas. The new GEN Korean BBQ in Cary, North Carolina, is located at 232 Crossroads Boulevard, Unit 24, Cary, NC 27518 and is open from 11:00 a.m. to 10:30 p.m. Sunday to Thursday and 11:00 a.m. to 11:00 p.m. Friday to Saturday. For more information or to find a GEN Korean BBQ near you, visit: www.genkoreanbbq.com/locations About GEN Restaurant Group, Inc.​​GEN Korean BBQ is one of the largest Asian casual dining restaurant concepts in the United States. Founded in 2011 by two Korean immigrants in Los Angeles, the brand has now grown to over 40 company-owned locations where guests serve as their own chefs, preparing meals on embedded grills in the center of each table. The extensive menu consists of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables. With its unique culinary experience alongside its modern décor and lively atmosphere, GEN Korean BBQ delivers an engaging and interactive dining experience that appeals to a vast segment of the population. For more information, visit GenKoreanBBQ.com and follow the brand on Facebook and Instagram. Investor Relations Contact:Cody Slach and Cody CreeGateway Group, Inc.1-949-574-3860GENK@gateway-grp.com Media Relations Contact:Zach Kadletz and Jade BoltonGateway Group, Inc.1-949-574-3860GENK@gateway-grp.com

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