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Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) is a renowned casual dining restaurant chain founded in 1969, specializing in a diverse selection of high-quality gourmet burgers served in a family-friendly environment. Based in Englewood, Colorado, Red Robin operates through its wholly-owned subsidiary, Red Robin International, Inc., and boasts a portfolio that includes brands such as Red Robin Gourmet Burgers and Brews. The company's revenue stems from restaurant operations, gift card sales, franchise royalties, and other miscellaneous sources.
Red Robin's vibrant culture is grounded in its B.U.R.G.E.R. values: Bottomless Fun, Unwavering Integrity, Relentless Focus on Improvement, Genuine Spirit of Service, Extraordinary People, and Recognized Burger Authority. These principles guide every aspect of the company's operations, from creating crave-worthy gourmet burgers to choosing new restaurant locations and fostering a supportive environment for its over 35,000 team members across North America.
Known for its exceptional guest service, Red Robin introduces unique experiences through its 'Burger Stories' program, which showcases personal and heartfelt customer interactions. This commitment to quality service is evident in the company's recent ventures and achievements, such as the opening of its latest restaurant in Rossford, Ohio, operated by the Ansara Restaurant Group. The launch of this new location is celebrated with community events and charitable donations, reinforcing Red Robin's dedication to the communities it serves.
Red Robin continues to innovate and expand its menu, recently introducing The Juicier Collection in partnership with Juicy Couture. This collaboration not only highlights Red Robin's new, more flavorful burgers but also strengthens its brand presence through unique marketing strategies. Guests can enjoy a variety of burgers, bottomless sides, creamy milkshakes, and other menu items, including Donatos® pizza at select locations, with convenient options for to-go, delivery, and catering services.
Financially, Red Robin has shown resilience and strategic growth. In its fiscal first quarter of 2024, the company reported positive comparable restaurant revenue, supported by its North Star Five-Point Plan, which focuses on enhancing guest experience through service and food quality improvements. The company has also undertaken sale-leaseback transactions to optimize its financial standing, repaying significant debt and increasing liquidity.
Looking ahead, Red Robin aims to maintain its brand prominence in the casual dining industry by investing in its staff, menu, and guest experience. The launch of a new loyalty program further underscores its commitment to customer satisfaction and growth, positioning Red Robin for continued success and shareholder value.
Red Robin (NASDAQ: RRGB) announces holiday promotions featuring two candy cane-inspired beverages: the Tipsy Santa Cocktail, made with Tito's Vodka, Baileys® Chocolate Liqueur and peppermint flavor, and the OREO® Candy Cane Milkshake. The company is also offering holiday gift card promotions through December 31, including a $10 Bonus Buck Reward with $50 gift card purchase. Additionally, a special $10 Red Robin Gourmet Cheeseburger deal with Bottomless Side is available Monday through Wednesday at participating locations.
Red Robin Gourmet Burgers (NASDAQ: RRGB) reported its fiscal third-quarter results for the period ending October 6, 2024. Total revenues were $274.6 million, a decrease of $2.9 million from the same period last year. Comparable restaurant revenue increased by 0.6%. However, the net loss widened to $18.9 million from $8.2 million in the previous year, and adjusted EBITDA dropped to $2.1 million from $6.8 million. The relaunch of the loyalty program saw membership rise to 14.5 million. Post-quarter, Red Robin amended its credit agreement, extending financial covenants and expanding revolver capacity through Q1 2026.
Year-to-date, total revenues are $963.3 million, down $30.7 million. Comparable restaurant revenue declined by 2.6%, and net loss ballooned to $37.8 million from $7.5 million. Adjusted EBITDA fell to $26.1 million from $58.3 million. Red Robin completed a sale-leaseback transaction generating $23.3 million. The company updated its 2024 guidance, projecting total revenue around $1.25 billion and adjusted EBITDA between $35.0 million to $37.5 million.
Red Robin Gourmet Burgers (NASDAQ: RRGB) announced it will release its fiscal third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. The company will host a conference call at 4:30 p.m. ET to discuss the results. Investors can access the call by dialing 201-689-8560 or using the Call Me™ feature. A replay will be available until November 13, 2024, by dialing 412-317-6671 with conference ID 13748266. The call will also be webcast live and archived on the company's Investor Relations website.
Red Robin (NASDAQ: RRGB) announces its Veterans Day 2024 promotion, offering free Red's Big Tavern Burgers and Bottomless Sides to veterans and active-duty military personnel on November 11. The complimentary meal includes a beef patty with American cheese, Secret Tavern Sauce, fresh lettuce, and tomato on a brioche bun, accompanied by a choice of Bottomless Steak Fries, Yukon Chips, Steamed Broccoli, or Side Salad.
Beyond Veterans Day, the company offers year-round benefits through its Red Robin Royalty Military Program. New this year, customers can purchase gift cards for donation to local veteran organizations. The offer is valid for dine-in only at participating locations, with proof of service required.
Red Robin Gourmet Burgers (NASDAQ: RRGB) has introduced a spicy new menu lineup for fall, featuring the Jalapeño Heatwave burger and Scorpion wings. The company is offering a free glass of 'Scorpion Antidote' (1% milk) with spicy menu items for a time. New additions include:
- Jalapeño Heatwave burger with grilled jalapeño, pepper-jack cheese, and crispy fried jalapeño coins
- Three new wing sauces: Scorpion (wet or dry rub), Garlic Parmesan, and Sea Salt & Pepper
- New desserts: Shortbread Chocolate Soufflé Cake and Lemon Cream Layer Cake
- New cocktails: Passion Fruit Mojito, Classic Mojito, and Sangria Roja
Red Robin also introduced a $10 Gourmet Cheeseburger Tuesdays deal for a time.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) has announced its participation in two investor conferences in September 2024. The company, known for its gourmet burgers and family-friendly atmosphere, will engage with institutional investors at the following events:
1. 2024 Benchmark Consumer 1x1 Conference in New York, NY on September 12, 2024.
2. CL King's 22nd Annual Best Ideas Conference on September 16, 2024, featuring a virtual fireside chat discussion at 11:45 AM ET.
The fireside chat will be webcast live and archived on Red Robin's website under the 'Investor Relations' tab. Additionally, the company will host investor meetings during the CL King conference, providing opportunities for in-depth discussions with potential investors.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reported financial results for Q2 2024. Total revenues increased by $1.5 million to $300.2 million, while comparable restaurant revenue declined 0.8% excluding a deferred revenue benefit. The company reported a net loss of $9.5 million, compared to a net income of $3.9 million in Q2 2023. Adjusted EBITDA decreased to $11.8 million from $15.5 million last year.
Red Robin executed a credit agreement amendment, revising financial covenants and expanding revolver capacity. The company updated its full-year guidance, projecting total revenue of approximately $1.250 billion and Adjusted EBITDA of $40.0 million to $45.0 million. Despite industry challenges, Red Robin reported improved guest satisfaction scores and comparable restaurant revenue exceeding the industry average in recent months.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) has announced the release date for its fiscal second quarter 2024 financial results. The company will disclose the results on Thursday, August 22, 2024, after the market close. Following the release, Red Robin will host a conference call at 4:30 p.m. ET to discuss the results.
Interested parties can access the conference call by dialing 201-689-8560 or using the Call Me™ feature. A replay will be available until August 29, 2024, by dialing 412-317-6671 with the conference ID 13747724. The call will also be webcast live and archived on the company's Investor Relations website.
Red Robin has introduced the Gold Medal Burger and Star-Spangled Spritzer as its latest summer offerings. Available until August 11 at participating U.S. locations, the burger features three patties, American cheese, and bottomless fries. The Star-Spangled Spritzer, served in a light-up souvenir cup, offers a patriotic blend of raspberry flavor, Sprite, and cotton candy. Red Robin has also rolled out $4 weekday specials throughout June, including Chips and Salsa, Root Beer Floats, Doh! Ring Shorty, and Gourmet Milkshakes. Promotions are valid for dine-in and to-go orders.
Red Robin Gourmet Burgers (NASDAQ: RRGB) reported its fiscal first-quarter results ending April 21, 2024. Total revenue was $388.5 million, down $29.3 million from the previous year. Comparable restaurant revenue fell by 6.5%. Net loss widened to $9.5 million from $3.3 million last year. Adjusted EBITDA dropped to $12.2 million from $35.9 million.
Despite early second-quarter improvements, the company initiated a $21.2 million debt repayment and launched a new loyalty program on May 22. In a sale-leaseback transaction, Red Robin generated net proceeds of $23.4 million from ten restaurant properties.
Guidance for fiscal 2024 includes total revenue between $1.250 billion and $1.275 billion, with a slight decline in comparable restaurant revenue. Adjusted EBITDA is projected at $60-$70 million.
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