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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 Gourmet Burgers (NASDAQ: RRGB) has announced it will release its fiscal fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025, 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 of the conference call will be available until March 5, 2025, by dialing 412-317-6671 with conference ID 13750794. The call will also be webcast live and archived on the company's Investor Relations website.
Red Robin Gourmet Burgers (NASDAQ: RRGB) has announced a Valentine's Day marketing campaign where one couple can win a diamond engagement ring valued up to $10,000 by proposing with an onion ring at a Red Robin location. The winning couple will also receive Towering Onion Rings® for their engagement duration.
The restaurant chain is also offering a special Lovebird Combo promotion from February 13-16, 2025, featuring two Gourmet Burgers, bottomless sides, and a Lemon Cream Layer Cake for $34.99. The promotion includes a -edition Lovebird Margarita for $7.99.
To participate in the engagement ring contest, couples must submit their onion ring proposal video or photo between February 13-19, 2025. The winner will be selected and notified by March 21, 2025.
Red Robin Gourmet Burgers (NASDAQ: RRGB) announces a unique Valentine's Day promotion where one lucky couple can win a diamond engagement ring valued up to $10,000 by proposing with an onion ring at their restaurant. The winning couple will also receive Towering Onion Rings® for their entire engagement period.
To participate, couples must propose at a Red Robin location on Valentine's Day and submit their proposal video or photo between Feb. 13-19, 2025. The winner will be notified via email by March 21.
Additionally, Red Robin is offering a special Lovebird Combo promotion from Feb. 13-16, 2025. For $34.99, dine-in guests can enjoy two select Gourmet Burgers, two bottomless sides, and a slice of Lemon Cream Layer Cake. A special Lovebird Margarita is also available for $7.99.
Red Robin Gourmet Burgers (NASDAQ: RRGB) has reported preliminary Q4 2024 results, with total revenue expected at $285.2 million, showing a decrease from the previous year primarily due to having one less operating week. However, the company achieved positive comparable restaurant revenue growth of 3.4% (1.8% including deferred loyalty revenue impact).
The preliminary results include expected restaurant revenue of $280.6 million and franchise royalties and fees of $4.6 million. Management attributes the growth to success from their relaunched loyalty program and 'Appointment Dining' offers, which provide targeted day-of-the-week promotions. The company reports continued strong comparable restaurant revenue growth in early January 2025.
Final financial and operating results for Q4 and fiscal year 2024 are expected to be released in February 2025.
Red Robin Gourmet Burgers (NASDAQ: RRGB) has announced its participation in two major investor conferences in January 2025. The company, known for its full-service restaurants offering high-quality gourmet burgers in a family-friendly setting, will be meeting with institutional investors at two significant events:
- The 27th Annual ICR Conference in Orlando, Florida on January 13-14, 2025
- The Jefferies Boston SMid Cap Consumer Summit in Boston, Massachusetts on January 28, 2025
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.
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