GENK

GEN Restaurant Group, Inc. (GENK) Q2 2026 Earnings Call Transcript

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.

Proposal Encompasses the Company's U.S. Restaurant Operations Only; GEN Would Retain 100% of Its Rapidly Growing CPG Business Board of Directors to Carefully Review and Evaluate the Non-Binding Proposal 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 business, today announced that it has received a non-binding letter of intent (the "LOI") from a nationwide, multi-concept restaurant operator (the "Operator") to acquire only the Company's U.S. restaurant operations, including the assignment of related restaurant leases. The LOI contemplates a potential transaction valued at approximately $100 million for the restaurant operations alone.

30-Year Consumer Packaged Goods Executive Joins GEN from Hormel Foods, with Prior Sales Leadership Roles at Kimberly-Clark and TreeHouse Foods Appointment Deepens Sales, Broker and Category Management Leadership as GEN Scales Its Rapidly Growing Retail Business Nationwide CERRITOS, CA / ACCESS Newswire / August 7, 2026 / GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq:GENK), a leader in Korean BBQ both in-restaurant and at home, with more than 54 GEN Korean BBQ locations and a rapidly growing consumer packaged goods ("CPG") business, today announced the appointment of Mark Cutrona as Senior Vice President of Sales and Operations, effective immediately. In his new role, Mr.

CERRITOS, CA / ACCESS Newswire / August 4, 2026 / GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq:GENK), a leader in Korean BBQ both in-restaurant and at home, with more than 59 GEN Korean BBQ locations and a rapidly growing consumer packaged goods business, today announced that it will release financial results for the second quarter ended June 30, 2026, after market close on Monday, August 10, 2026. GEN will host an investor conference call on Monday, August 10, 2026 at 5:00 p.m.

Initial Purchase Order Through Recently Announced UNFI Distribution Agreement Adds 68 New Doors with Incremental Customer Base Four Ready-to-Cook SKUs - Beef Bulgogi, Pork Bulgogi, Beef Short Rib and Chicken Bulgogi - to Be Carried at Both Retail Chains CERRITOS, CA / ACCESS Newswire / July 15, 2026 / 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 as well as a rapidly growing retail business, today announced that four ready-to-cook marinated meat SKUs have been accepted for retail placement at Northgate González Market ("Northgate Market"), a leading family-owned Hispanic grocery chain in Southern California, and Times Supermarkets, one of Hawai‘i's leading grocery chains. The initial purchase order covers 44 Northgate Market locations and 24 Times Supermarkets locations.

CERRITOS, Calif., June 15, 2026 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), operator of GEN Korean BBQ, one of the largest full-service Korean BBQ restaurant chain in the United States, today announced that its ready-to-cook marinated meat products have been accepted for retail placement at Smart & Final Stores LLC (“Smart & Final”), a leading warehouse-style grocery chain operated by Chedraui USA, Inc. Smart & Final operates 254 store locations across California, Nevada, and Arizona, serving both household and business customers.

CERRITOS, Calif., June 10, 2026 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), operator of GEN Korean BBQ, one of the largest full-service Korean BBQ restaurant chain in the United States, today announced that it has signed a distribution agreement with United Natural Foods, Inc. (“UNFI”), one of the largest food distributors in North America.

CERRITOS, Calif., June 04, 2026 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), operator of GEN Korean BBQ, the largest full-service Korean BBQ restaurant chain in the United States, today announced that it has signed a distribution agreement with C&S Wholesale Grocers, LLC (“C&S”), one of the largest wholesale grocery distributors in the United States.

CERRITOS, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner and operator of GEN Korean BBQ, today announced the appointment of Luke A.