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 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.
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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.
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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.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) has appointed Anddria Varnado as an independent Director to its Board, effective immediately. Varnado is currently GM at Kohler Company, overseeing significant consumer channels. Her previous roles include Vice President at Macy’s and Williams-Sonoma and experience at Citigroup. This marks the addition of the 6th independent Director since 2019, aligning with Red Robin's transformation strategy aimed at long-term growth. Additionally, Glenn Kaufman will retire from the Board at the end of 2021, facilitating a smooth transition.
Red Robin Gourmet Burgers has announced the launch of three new delivery-only brands: The Wing Dept, Fresh Set, and Chicken Sammy's. These brands expand the company's off-premise dining options and include unique menu items not found at traditional Red Robin locations. Following a successful testing phase, these brands aim to enhance customer engagement and will be rolled out to 120 additional locations in 2021. The company continues to invest in its virtual brand strategy to meet growing delivery demand.