Red Robin Gourmet Burgers Inc Stock Price, News & Analysis

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.

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.