Welcome to our dedicated page for Red Robin Gourmet Burgers news (Ticker: RRGB), a resource for investors and traders seeking the latest updates and insights on Red Robin Gourmet Burgers stock.
Red Robin Gourmet Burgers, Inc. reports news as a full-service casual dining restaurant chain operating through Red Robin International, Inc. under the Red Robin Gourmet Burgers and Brews trade name. Updates commonly cover quarterly results, comparable restaurant revenue, restaurant traffic, franchise activity, menu launches, value platforms such as Big YUMMM Deals, and the Red Robin Royalty loyalty program.
Red Robin news also includes capital actions, leadership changes, and execution of the company’s First Choice strategic plan, including pricing, labor efficiency, marketing, guest experience, and balance-sheet initiatives. The company serves burgers, salads, appetizers, entrées, desserts, beverages, and Donatos pizza at select locations, with ordering channels for dine-in, to-go, delivery, and catering.
Red Robin Gourmet Burgers (NASDAQ: RRGB) introduces the -time Buzzer Beater Bacon Cheeseburger during college basketball season, available from March 3 through April 7. The burger comes in two variants:
- 'Three-pointer': Features three beef patties, four bacon strips, six American cheese slices
- 'Two-pointer': Includes two beef patties, four bacon strips, four cheese slices
Both versions come with Red's Secret Tavern Sauce™ and a choice of bottomless sides. The company is offering $0 delivery from April 5-7 when ordering through RedRobin.com or their mobile app. The new burgers are prepared on flattop grills for enhanced caramelization and flavor.
Red Robin Gourmet Burgers (NASDAQ: RRGB) reported mixed results for Q4 and fiscal year 2024. Q4 showed a 3.4% increase in comparable restaurant revenue, while total revenues decreased to $285.2 million due to one less operating week. The company posted a net loss of $39.7 million in Q4, compared to $13.7 million loss in 2023, including $32.4 million in impairment costs.
For fiscal 2024, total revenues declined to $1.25 billion, with a 1.2% decrease in comparable restaurant revenue. The annual net loss widened to $77.5 million from $21.2 million in 2023. The company is evaluating alternatives for approximately 70 underperforming locations and plans to sell three owned properties for $5.8 million in Q1 2025.
Looking ahead, Red Robin's 2025 guidance projects revenue between $1.225-1.250 billion and Adjusted EBITDA of $60-65 million.
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.