GEN Restaurant Group, Inc. — Form 8-K

GEN received a non-binding letter of intent from a multi-concept restaurant operator to acquire its U.S. restaurant operations (54 locations) while GEN retains 100% of its CPG business. The CPG division achieved 341% sequential revenue growth (Q1 to Q2 2026), with June reaching $2M+ monthly revenue; secured purchase commitments from 60–70 Costco warehouses (bringing total to >100, representing >16% of Costco's domestic footprint), signed national distribution agreements with UNFI and C.S. Wholesale Grocers, and expanded to nearly 2,000 retail doors nationwide. Q2 2026 total revenue grew 1.2% YoY to $55.7M, but comparable restaurant sales declined 9.3% YoY; net loss widened to $4.6M (vs. $1.7M prior year); adjusted EBITDA turned negative at -$41K (vs. +$1.9M). Cash increased to $5.9M from $2.8M; total debt rose to $24.0M from $14.6M.