Red Robin Gourmet Burgers Inc Stock Price, News & Analysis

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.

Red Robin Gourmet Burgers (RRGB) reported its fiscal Q4 2021 results, showcasing a 41.5% revenue increase to $276.7 million compared to 2020. Despite a net loss of $21.3 million, there was an $18 million improvement year-over-year. Adjusted EBITDA rose to $8.9 million. Comparable restaurant revenues surged by 40.1%, driven by a 26.6% increase in guest counts. The company expects mid-to-high single-digit inflation in labor and commodity costs for 2022, alongside projected Adjusted EBITDA of $80 to $90 million.

Red Robin Gourmet Burgers (NASDAQ: RRGB) will announce its financial results for Q4 and full year 2021 on March 10, 2022, post market close. A conference call discussing these results is scheduled for 5:00 p.m. ET on the same day, accessible via phone or live webcast. Red Robin operates over 525 restaurants across the U.S. and Canada, offering a selection of gourmet burgers and casual dining experiences. Investors can access the call replay until March 17, 2022, through provided numbers and the company's Investor Relations website.

Red Robin Gourmet Burgers announces the launch of its Cheese Lovers Lineup, featuring new menu items designed to appeal to cheese enthusiasts. The offerings include the Cheesy Bacon Fondue Burger and Mozzarella Cheese Sticks, available for dine-in, to-go, and delivery. Following the success of the Summer Heat Wave menu, Red Robin aims to finish 2021 on a high note, with the new items becoming popular quickly. The Cheesy Bacon Fondue Burger is among the best-selling limited-time items in the past decade. Additional seasonal drinks are also introduced.

Red Robin Gourmet Burgers reported third-quarter 2021 results, revealing restaurant revenue of $270.2 million and a restaurant level operating profit margin of 12.5%. The comparable restaurant revenue surged 34.3% year-over-year, fueled by a 22.5% increase in guest count and a 11.8% rise in average check. However, the company faced a net loss of $15.0 million, attributed to higher costs and marketing expenses. On the positive side, off-premises sales remained robust, exceeding pre-COVID levels, driven by strategic initiatives and staffing improvements.

Red Robin Gourmet Burgers is set to open a new restaurant in Federal Way, WA on November 15, 2021, revitalizing its presence in the area. The new location at 31920 Gateway Center Blvd S will offer indoor and outdoor seating, employing over 80 local team members. This marks a significant return for Red Robin, which has historical ties to Washington where it opened its first restaurant in 1969. Additionally, the restaurant promotes its Royalty Program, offering various rewards and perks to guests.

Red Robin Gourmet Burgers will host a Hiring Day on November 4, 2021, inviting potential Team Members to learn about job opportunities at over 400 locations, from 10:00 a.m. to 5:00 p.m. local time. Applicants aged 17 and older can apply for various positions, including line cooks and hosts. The company emphasizes competitive wages and career growth, with many employees advancing from entry-level roles to management. More details and interview scheduling can be found on the Red Robin hiring website.

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will release its third quarter 2021 financial results on November 10, 2021, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results. Interested parties can access the call by dialing 201-689-8560 or via a live webcast on the Company’s Investor Relations website. A replay will be available until November 17, 2021.