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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 has launched a new Summer Heat Wave menu, featuring items like the Scorpion Gourmet Burger and Scorpion Wings, available for a limited time. Guests can enjoy these spicy offerings alongside refreshing drinks like the Pineapple Chile Margarita. The new menu aims to enhance customer dining experiences during the summer months, available for dine-in, to-go, and delivery at participating locations. Executive VP Jonathan Muhtar emphasized the excitement surrounding these new flavors.
Red Robin Gourmet Burgers is hosting its second national hiring day on July 13, 2021, following the success of its first event in June. The hiring event will take place at over 400 locations across the U.S., allowing candidates to interview for hourly positions from 9 a.m. to 3 p.m. local time. Red Robin offers competitive wages, growth opportunities, and a fun work culture.
For further details and to schedule interviews, applicants can visit Red Robin's hiring website.
Red Robin Gourmet Burgers is expanding its partnership with Donatos Pizza to feature pizza offerings in over 200 restaurants by the end of 2021. After a successful initial rollout, which included 41 locations in Q2 2021 across multiple states, the company plans to further extend this partnership to the East Coast and California. Anticipated annual pizza sales exceed $60 million, with profitability projected over $25 million by 2023. The introduction of a cauliflower crust option has also been well-received, becoming a permanent menu item.
Red Robin Gourmet Burgers will host a national hiring day on June 8, 2021, across over 500 locations in the U.S. Applicants can interview in-person between 10 a.m. and 4 p.m. local time. Red Robin emphasizes career growth, with many employees advancing from entry-level positions to corporate roles. The company has a strong focus on creating a positive work environment, as noted by long-term team member Andrew Mulz. Prospective team members can schedule interviews via a dedicated website or walk in.
Red Robin Gourmet Burgers (NASDAQ: RRGB) announced its financial results for the quarter ending April 18, 2021. Total restaurant revenues reached $326.3 million, reflecting a 6.6% increase year-over-year. The company reported a Restaurant Level Operating Profit of 15.7%, an increase of 690 basis points from 2020. Off-premises sales surged 75.5% compared to the previous year, representing 41.7% of total food and beverage sales. Despite capacity challenges, 55% of restaurants achieved positive comparable revenue compared to 2019.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will release its financial results for Q1 2021 on May 25, 2021, after market close. A conference call to discuss the results will follow at 5:00 p.m. ET. Interested parties can join the call by dialing (412) 317-6026, with a replay available until June 1, 2021. The conference call will also be webcast live and archived on Red Robin's website under Investor Relations. With over 540 locations across the U.S. and Canada, Red Robin continues to serve a variety of gourmet burgers and other menu items.
Waitr Holdings Inc. (NASDAQ: WTRH) has partnered with Red Robin Gourmet Burgers (NASDAQ: RRGB) to enhance food delivery options for customers. This collaboration will allow delivery from over 50 Red Robin locations and new virtual brands via Waitr and Bite Squad. The partnership aligns with Waitr's strategy to expand its restaurant network and delivery reach in underserved markets. Red Robin aims to provide its gourmet offerings to a wider audience through this partnership, reinforcing both companies' commitment to customer satisfaction.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has appointed Darla Morse as Executive Vice President and Chief Information Officer, effective April 12, 2021. Morse brings over 25 years of experience in IT, serving roles at notable companies like Walt Disney World and CKE Restaurants Holdings. Her responsibilities will encompass leading the technology strategy at Red Robin, focusing on digital platforms and data management. CEO Paul J.B. Murphy III expressed confidence in Morse's ability to accelerate the company’s transformation strategy and drive sustainable growth.
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