Red Robin Gourmet Burgers Inc Stock Price, News & Analysis

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.

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.