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The agreement with GEN Restaurant Group and Chubby's first institutional funding round position it as one of the largest Asian dining groups in the U.S. LOS ANGELES, Oct. 15, 2026 /PRNewswire/ -- Chubby Group, the company behind Chubby Cattle, Wagyu House, The X Pot, NIKU X, Chubby Skewers, and Chubby Bowls, has announced a $50 million Series A led by Prysm Capital at a $500 million valuation to fund the growth of the portfolio. The company also announced it signed a letter of intent to acquire GEN Korean BBQ's 47 U.S. restaurants and four development sites from GEN Restaurant Group (Nasdaq: GENK) in a transaction valued at up to $100 million.
Binding LOI approved by unanimous consent of GEN's Board of Directors; 47-restaurant transition would reduce restaurant lease obligations, with closing targeted within the next 30 days CERRITOS, CA / ACCESS Newswire / October 14, 2026 / GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq:GENK), a leader in at-home Korean BBQ, today announced that it has signed a binding letter of intent ("LOI") with Chubby Group ("Chubby") to sell operations at 47 U.S. restaurants while retaining the GEN brand and the GEN CPG business for $100 million. GEN's Board of Directors approved the binding LOI by unanimous consent, advancing the transaction with the parties working toward closing within the next 30 days.
Hyatt Hotels (NYSE: H - Get Free Report) and GEN Restaurant Group (NASDAQ: GENK - Get Free Report) are both consumer discretionary companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, risk, earnings, institutional ownership, analyst recommendations, profitability and dividends. Institutional and Insider Ownership 73.5% of
Premium Southern California Specialty Grocer to Carry Four Ready-to-Cook Marinated Korean BBQ SKUs Across Its 14 Store Locations Placement Extends GEN's Retail Distribution into the Premium Grocery Channel as the Company's CPG Business Reaches Nearly 2,000 Doors Nationwide CERRITOS, CA / ACCESS Newswire / August 27, 2026 / GEN Restaurant Group, Inc. ("GEN" or the "Company") (NASDAQ:GENK), a leader in Korean BBQ both in-restaurant and at home, with 54 GEN Korean BBQ locations and a rapidly growing consumer packaged goods ("CPG") business, today announced that its ready-to-cook marinated Korean BBQ meats have secured retail placement in the frozen section at Bristol Farms, the premium specialty grocer that has served Southern California since 1982. The placement extends GEN's retail distribution into the premium specialty grocery channel, where full-service butcher counters and chef-prepared offerings draw shoppers who regularly cook at home.
GEN Restaurant Group, Inc. (GENK) Q2 2026 Earnings Call Transcript
GEN Restaurant Group NASDAQ: GENK reported second-quarter revenue growth as its consumer packaged goods business expanded rapidly, while restaurant-level profitability remained below the prior-year period amid commodity inflation, softer comparable sales and investments in retail distribution.
GEN Restaurant Group, Inc. (GENK) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago.
CPG Momentum Accelerates with Purchase Commitments from More Than 100 Costco Warehouses Nationwide and New Distribution Agreements with United Natural Foods and C&S Wholesale Grocers Second Quarter Revenue Increased 1.2% Year-Over-Year to $55.7 Million CERRITOS, CA / ACCESS Newswire / August 10, 2026 / GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq:GENK), a leader in Korean BBQ both in-restaurant and at home, with 54 GEN Korean BBQ locations and a rapidly growing consumer packaged goods ("CPG") business, today announced its financial results for the second quarter ended June 30, 2026. Financial Summary: $ in millions (except per share data) Q2 2026 Q2 2025 Revenue $ 55.7 $ 55.0 Loss from Operations $ (5.2 ) $ (1.9 ) Restaurant-Level Adjusted EBITDA (non-GAAP) $ 6.3 $ 9.0 Adjusted EBITDA (non-GAAP) $ (0.04 ) $ 1.9 Net Loss $ (4.6 ) $ (1.7 ) Net Loss per Class A Share (Diluted) $ (0.14 ) $ (0.05 ) Second Quarter 2026 Financial and Recent Operational Highlights Total revenue increased 1.2% to $55.7 million for the second quarter of 2026, as compared to $55.0 million in the second quarter of 2025, which reflects growth in the Company's CPG division and revenue from restaurants opened in 2025 and 2026, partially offset by a decline in comparable restaurant sales and the loss of revenue from the six restaurants exited during the quarter.