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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 (RRGB) reported its fiscal Q4 2021 results, showcasing a 41.5% revenue increase to $276.7 million compared to 2020. Despite a net loss of $21.3 million, there was an $18 million improvement year-over-year. Adjusted EBITDA rose to $8.9 million. Comparable restaurant revenues surged by 40.1%, driven by a 26.6% increase in guest counts. The company expects mid-to-high single-digit inflation in labor and commodity costs for 2022, alongside projected Adjusted EBITDA of $80 to $90 million.
Red Robin Gourmet Burgers (NASDAQ: RRGB) will announce its financial results for Q4 and full year 2021 on March 10, 2022, post market close. A conference call discussing these results is scheduled for 5:00 p.m. ET on the same day, accessible via phone or live webcast. Red Robin operates over 525 restaurants across the U.S. and Canada, offering a selection of gourmet burgers and casual dining experiences. Investors can access the call replay until March 17, 2022, through provided numbers and the company's Investor Relations website.
Red Robin Gourmet Burgers announces the launch of its Cheese Lovers Lineup, featuring new menu items designed to appeal to cheese enthusiasts. The offerings include the Cheesy Bacon Fondue Burger and Mozzarella Cheese Sticks, available for dine-in, to-go, and delivery. Following the success of the Summer Heat Wave menu, Red Robin aims to finish 2021 on a high note, with the new items becoming popular quickly. The Cheesy Bacon Fondue Burger is among the best-selling limited-time items in the past decade. Additional seasonal drinks are also introduced.
Red Robin Gourmet Burgers reported third-quarter 2021 results, revealing restaurant revenue of $270.2 million and a restaurant level operating profit margin of 12.5%. The comparable restaurant revenue surged 34.3% year-over-year, fueled by a 22.5% increase in guest count and a 11.8% rise in average check. However, the company faced a net loss of $15.0 million, attributed to higher costs and marketing expenses. On the positive side, off-premises sales remained robust, exceeding pre-COVID levels, driven by strategic initiatives and staffing improvements.
Red Robin Gourmet Burgers is set to open a new restaurant in Federal Way, WA on November 15, 2021, revitalizing its presence in the area. The new location at 31920 Gateway Center Blvd S will offer indoor and outdoor seating, employing over 80 local team members. This marks a significant return for Red Robin, which has historical ties to Washington where it opened its first restaurant in 1969. Additionally, the restaurant promotes its Royalty Program, offering various rewards and perks to guests.
Red Robin Gourmet Burgers will host a Hiring Day on November 4, 2021, inviting potential Team Members to learn about job opportunities at over 400 locations, from 10:00 a.m. to 5:00 p.m. local time. Applicants aged 17 and older can apply for various positions, including line cooks and hosts. The company emphasizes competitive wages and career growth, with many employees advancing from entry-level roles to management. More details and interview scheduling can be found on the Red Robin hiring website.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will release its third quarter 2021 financial results on November 10, 2021, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results. Interested parties can access the call by dialing 201-689-8560 or via a live webcast on the Company’s Investor Relations website. A replay will be available until November 17, 2021.
Red Robin Gourmet Burgers is hosting a national hiring day on September 14, 2021, inviting prospective Team Members to interview for open positions at over 400 locations from 9:00 a.m. to 3:00 p.m. local time. This initiative follows the success of previous hiring days, emphasizing Red Robin's commitment to workforce recruitment and employee growth opportunities. The company offers competitive wages, employee discounts, and a supportive work environment that fosters career advancement, encouraging potential hires to engage via their website or walk-in interviews.
Red Robin reported financial results for the quarter ending July 11, 2021, with restaurant revenue of $272.2 million and a restaurant-level operating profit of 15.7%. Comparable restaurant revenue surged 66.3% year-over-year but fell 2.4% compared to 2019. Average weekly sales rose by $2,503. Off-premises sales accounted for 32.8% of total sales. Despite operational challenges due to labor shortages and restrictions, Red Robin remains optimistic about future growth, particularly with its Donatos® pizza initiative, expected to drive $60 million in annual sales by 2023.
Red Robin Gourmet Burgers (NASDAQ: RRGB) will announce its Q2 2021 financial results on August 18, 2021, after market close. A conference call to discuss these results will follow at 5:00 p.m. ET, accessible via phone at (201) 689-8560. A replay will be available two hours post-call at (412) 317-6671, using conference ID 13722144, through August 25, 2021. Founded in 1969, Red Robin operates over 525 restaurants in the U.S. and Canada, offering gourmet burgers and a variety of dishes in a casual setting.
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