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Red Robin Gourmet Burgers Inc - RRGB STOCK NEWS

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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.

Rhea-AI Summary
Red Robin Gourmet Burgers, Inc. reports financial results for Q2 2023, with total revenues of $298.6 million, an increase of $4.6 million compared to 2022. Net income is $3.9 million, an increase of $21.9 million compared to 2022. The company raised its Adjusted EBITDA guidance for fiscal 2023. Red Robin repaid $15.5 million of debt and repurchased $5 million of stock.
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Red Robin Gourmet Burgers, Inc. (RRGB) will release financial results for its second quarter of fiscal 2023 on Thursday, August 17, 2023, followed by a conference call at 5:00 p.m. ET.
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Red Robin Gourmet Burgers, Inc. to release financial results for Q1 2023 on May 24, 2023
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Red Robin Gourmet Burgers announces a partnership with Blessings in a Backpack to combat childhood hunger. Guests can donate $1, $5, or $10 at participating locations to support children in need. This initiative aims to fill the food gap for over 87,000 children across 44 states and D.C., particularly during weekends and holidays when they lack access to school lunches. CEO G.J. Hart emphasizes the company's commitment to community support. This partnership follows Red Robin’s prior commitment to donate 10 cents from every kids' meal sold for three years to Make-A-Wish Foundation.

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Red Robin Gourmet Burgers is excited to announce the opening of its 19th Arizona location in Glendale on March 8, 2023. The new restaurant will offer dine-in, carryout, and delivery services. To celebrate, the first 50 guests on opening day will receive a $50 gift card and commemorative t-shirt, with one lucky guest winning a $500 surprise. Guests can enjoy signature gourmet burgers, Bottomless Steak Fries, and Donatos® pizza. Red Robin aims to create memorable meals in a casual atmosphere. The restaurant will be open daily at 11 a.m., closing at 10 p.m. on weekdays and 11 p.m. on weekends.

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Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reported financial results for Q4 and fiscal year 2022, revealing total revenues of $290.1 million, a 2.4% increase year-over-year. The company posted a net loss of $44.2 million, significantly up from a loss of $21.3 million in 2021, primarily due to a $25 million impairment charge. Adjusted EBITDA remained steady at $8.9 million. For fiscal 2023, Red Robin anticipates total revenue of approximately $1.3 billion and a restaurant-level operating profit margin of at least 13%. The company is also exploring a sale-leaseback transaction for up to 35 properties to reduce debt and fund future investments.

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FAQ

What is the current stock price of Red Robin Gourmet Burgers (RRGB)?

The current stock price of Red Robin Gourmet Burgers (RRGB) is $6.32 as of January 24, 2025.

What is the market cap of Red Robin Gourmet Burgers (RRGB)?

The market cap of Red Robin Gourmet Burgers (RRGB) is approximately 108.3M.

What does Red Robin Gourmet Burgers, Inc. specialize in?

Red Robin specializes in a diverse selection of high-quality gourmet burgers served in a family-friendly atmosphere.

What are the B.U.R.G.E.R. values of Red Robin?

The B.U.R.G.E.R. values stand for Bottomless Fun, Unwavering Integrity, Relentless Focus on Improvement, Genuine Spirit of Service, Extraordinary People, and Recognized Burger Authority.

How many team members does Red Robin employ?

Red Robin employs over 35,000 team members across North America.

What recent initiatives has Red Robin undertaken?

Recent initiatives include the opening of a new restaurant in Rossford, Ohio, and the launch of The Juicier Collection in partnership with Juicy Couture.

What is the North Star Five-Point Plan?

The North Star Five-Point Plan is Red Robin's strategy focused on enhancing guest experience through investments in service and food quality.

Where can I enjoy Red Robin's menu offerings?

Red Robin's menu, including their gourmet burgers and Donatos® pizza, can be enjoyed at over 500 locations across the United States and Canada, or through to-go, delivery, and catering services.

What financial strategies has Red Robin implemented recently?

Red Robin has completed sale-leaseback transactions to optimize its financial standing, repaying significant debt and increasing liquidity.

How does Red Robin engage with its community?

Red Robin engages with its community through events like restaurant openings, charitable donations, and programs like 'Burger Stories' that highlight personal guest interactions.

What new program has Red Robin launched recently?

Red Robin has recently launched a new loyalty program aimed at enhancing customer satisfaction and driving growth.

Where can I find more information about Red Robin?

More information about Red Robin can be found on their website www.redrobin.com, including details on their menu, locations, and latest news.
Red Robin Gourmet Burgers Inc

Nasdaq:RRGB

RRGB Rankings

RRGB Stock Data

108.35M
14.82M
16.19%
64.5%
12.98%
Restaurants
Retail-eating Places
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United States of America
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