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, Inc. (NASDAQ: RRGB) has announced the release date for its fiscal second quarter 2024 financial results. The company will disclose the results on Thursday, August 22, 2024, after the market close. Following the release, Red Robin will host a conference call at 4:30 p.m. ET to discuss the results.
Interested parties can access the conference call by dialing 201-689-8560 or using the Call Me™ feature. A replay will be available until August 29, 2024, by dialing 412-317-6671 with the conference ID 13747724. The call will also be webcast live and archived on the company's Investor Relations website.
Red Robin has introduced the Gold Medal Burger and Star-Spangled Spritzer as its latest summer offerings. Available until August 11 at participating U.S. locations, the burger features three patties, American cheese, and bottomless fries. The Star-Spangled Spritzer, served in a light-up souvenir cup, offers a patriotic blend of raspberry flavor, Sprite, and cotton candy. Red Robin has also rolled out $4 weekday specials throughout June, including Chips and Salsa, Root Beer Floats, Doh! Ring Shorty, and Gourmet Milkshakes. Promotions are valid for dine-in and to-go orders.
Red Robin Gourmet Burgers (NASDAQ: RRGB) reported its fiscal first-quarter results ending April 21, 2024. Total revenue was $388.5 million, down $29.3 million from the previous year. Comparable restaurant revenue fell by 6.5%. Net loss widened to $9.5 million from $3.3 million last year. Adjusted EBITDA dropped to $12.2 million from $35.9 million.
Despite early second-quarter improvements, the company initiated a $21.2 million debt repayment and launched a new loyalty program on May 22. In a sale-leaseback transaction, Red Robin generated net proceeds of $23.4 million from ten restaurant properties.
Guidance for fiscal 2024 includes total revenue between $1.250 billion and $1.275 billion, with a slight decline in comparable restaurant revenue. Adjusted EBITDA is projected at $60-$70 million.
Red Robin Gourmet Burgers (NASDAQ: RRGB) has launched an enhanced version of its loyalty program, Red Robin Royalty®, allowing members to earn rewards more quickly.
Announced on May 23, 2024, the new program provides one point per dollar spent on qualifying purchases, with every 100 points translating to a $10 reward.
Members also receive sneak peeks and early access to menu items, exclusive offers, and free birthday burgers. This revamp aligns with Red Robin’s ongoing efforts to improve customer experience.
Red Robin Gourmet Burgers (NASDAQ: RRGB) announced it will release its fiscal first quarter 2024 financial results on May 29, 2024, after market close.
A conference call to discuss the results will occur at 4:30 p.m. ET the same day.
Participants can join the call by dialing 201-689-8560 or using the Call Me™ feature, at least 10 minutes prior to the start.
A replay of the call will be available two hours post-conference by dialing 412-317-6671 with the conference ID 13745560, accessible through June 5, 2024.
The call will also be webcast live and archived on the company's Investor Relations website.
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