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Red Robin Gourmet Burgers Inc. (RRGB) delivers gourmet dining experiences through its network of casual restaurants across North America. This news hub provides investors and industry observers with official updates and analysis on corporate developments, financial performance, and strategic initiatives.
Access timely reports covering earnings announcements, leadership updates, franchise expansions, and menu innovations. Our curated collection features press releases about operational milestones, partnership agreements, and corporate responsibility efforts that shape the company's market position.
Discover updates on Red Robin's implementation of its core b.u.r.g.e.r. values in business decisions, technological enhancements to guest experiences, and responses to industry trends. Content is organized for quick scanning while maintaining depth for thorough research.
Bookmark this page for continuous access to verified information about RRGB's performance in the competitive casual dining sector. Check regularly for new developments affecting the company's growth trajectory and market strategy.
Red Robin Gourmet Burgers (NASDAQ: RRGB) reported its fiscal second quarter results ending July 10, 2022, showing a 6.1% increase in restaurant revenue, totaling $288.7 million. Comparable restaurant revenue grew by 6.7% year-over-year. However, the company faced a net loss of $17.9 million, worsening from $5.0 million in 2021. Adjusted EBITDA fell to $11.9 million, down $7.1 million from the previous year. Challenges included inflation and rising operational costs, prompting updated guidance with mid-double digit commodity inflation and reduced EBITDA expectations.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will release its fiscal second quarter 2022 financial results on August 10, 2022, after market close, followed by a conference call at 4:30 p.m. ET. Investors can access the call by calling 201-689-8560, with a replay option available until August 17, 2022. The call will also be webcast live via the Company’s Investor Relations website. Founded in 1969, Red Robin operates over 520 restaurants across the U.S. and Canada, serving a variety of gourmet burgers and casual dining options.
Red Robin Gourmet Burgers has launched its limited-time Steakhouse Summer menu, featuring the Savory Steakhouse Burger and Loaded Baked Potato Fries. This new menu is part of the brand's strategy to innovate and attract customers. Executive Vice President Jonathan Muhtar emphasized the brand's recent success with new promotions, which surpassed all-time sales records for limited-time offers. The menu is available for dine-in, takeout, and delivery at restaurants nationwide.
Red Robin Gourmet Burgers (NASDAQ: RRGB) announced that G.J. Hart will become its new President and Chief Executive Officer, effective
Red Robin Gourmet Burgers is launching a limited-time $10 Gourmet Meal Deal from now until July 31. This offer helps customers enjoy a gourmet burger, bottomless steak fries, and a bottomless beverage at a reduced price amidst rising inflation. Executive VP Jonathan Muhtar stated that this initiative aims to provide affordable dining options for families during tough economic times. The meal deal includes several burger choices and is available for dine-in only at participating locations across the U.S.
Red Robin Gourmet Burgers (NASDAQ: RRGB) announced that Paul Murphy, President and CEO, plans to retire at the end of 2022 when his contract expires. He will assist the Board in finding a successor and remain as a special advisor until March 31, 2023. Murphy's leadership has seen the company through significant challenges, including the COVID-19 pandemic, while stabilizing operations and improving overall performance. The Board expressed appreciation for his contributions and is optimistic about the company's future.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will host a virtual fireside chat at the Jefferies Consumer Conference starting on June 20, 2022. This discussion will provide insights into the company’s innovative gourmet burger offerings and overall business strategy.
The event will be webcast and later archived on the Company’s Investor Relations website, ensuring accessibility for stakeholders and interested parties.
Red Robin Gourmet Burgers, Inc. (RRGB) reported a significant 19.4% increase in restaurant revenue, totaling $380.6 million for the fiscal first quarter ended April 17, 2022. Comparable restaurant revenue rose 19.7% year-over-year. The company achieved an adjusted EBITDA of $28 million, showing a slight improvement compared to the previous year.
Despite a net loss of $3.1 million, which improved from $8.7 million in 2021, operating profit margin decreased by 170 basis points due to inflationary pressures. The company reaffirmed its full-year adjusted EBITDA guidance between $80-$90 million.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will release its first quarter 2022 financial results on May 26, 2022, after market close. A conference call to discuss these results is scheduled for 5:00 p.m. ET on the same day. Investors can access the conference call live by calling 201-689-8560, with a replay available through June 2, 2022. Additional details, including a live webcast, can be found on Red Robin's Investor Relations website: ir.redrobin.com.
Red Robin Gourmet Burgers introduces a new limited-time menu inspired by its famous Whiskey River® BBQ Sauce. This spring lineup includes the Smokehouse Brisket Burger, Smothered BBQ Brisket Chips, and a Pineapple Upside-Down Cake Milkshake. The menu is designed to offer guests an enjoyable BBQ experience. Additionally, new desserts and beverages like Freckled Lemonade Cake and Tequila Sunset will be available. The items can be ordered for dine-in, takeout, or delivery at participating locations across the U.S.
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