GEN Restaurant Group Reaffirms $40 Million CPG Run-Rate Goal

GEN Restaurant Group, Inc. (Nasdaq: GENK) is maintaining its expectation of a $40 million annualized consumer packaged goods (CPG) revenue run rate by the end of 2027 as it seeks to shift operations at 47 U.S. restaurants to Chubby Group, Inc.

The company’s plan depends on completing a corporate restructuring and a proposed transaction with Chubby. Under a binding letter of intent, Chubby would take over restaurant operations in a deal valued at up to $100 million. The companies are still negotiating definitive agreements.

GEN’s CPG revenue was $4.7 million in the third quarter of 2026, compared with none in the third quarter of 2025. Additional retail placements secured by GEN are scheduled to begin reaching shelves in the second quarter of 2027.

Quarterly general and administrative expenses fell 15.3% year over year to $5.5 million. The restaurant transition and negotiations over definitive agreements remain part of GEN’s restructuring plan.