GENK News & Events

GEN announced the expansion of its CPG division -- a broader at-home portfolio that expands beyond ready-to-cook meats into a full line of Korean food products including meals, side dishes, sauces, drinks, adult beverage SOJU, and snacks, giving consumers more ways to bring the GEN experience home. By the end of 2026, GEN is projected to have CPG products in 1,500 to 2,000 locations across the United States, with a run rate in excess of $20M in revenue. The company estimates that CPG products will be carried in 7,000 to 8,000 locations by the end of 2027. With this expanded growth, the company believes it can achieve $100M run rate in annual revenue in as soon as three years, not the five years originally projected. Due to early retail reception from both buyers and consumers, GEN is accelerating its CPG expansion trajectory and expects CPG to be a meaningful growth driver with strong margins. Due to this acceleration, GEN will be working with investment bankers in the CPG space to explore and identify possible investment and logistics partners to help grow this business and increase shareholder value.

GEN (GENK) is proud to announce a major expansion of its grocery retail footprint through a new partnership with Pavilions, Albertsons (ACI) and Vons. The company's popular Ready-to-Cook Meats line, which launched just last month in 31 Pavilions stores, will now be available in over 300 Albertsons and Vons locations across the Southern California region.

Reports Q2 revenue $55.04M, consensus $60.26M. "We're pleased to report solid results for the first half of 2025, including the opening of our first restaurant in South Korea," said David Kim, Chairman and Chief Executive Officer of GEN. "This launch highlights our ability to expand in other parts of the world and bring our concept to the people of South Korea. Our results have been impressive, despite the current business environment including the implications of tariffs and the impact of immigration concerns creating continued economic headwinds. While our same store sales traffic was down in May and June, customers began to return in July. We expect these headwinds will primarily be absorbed through a combination of cost savings and operational efficiencies."