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. (NASDAQ: RRGB) is a casual dining restaurant chain founded in 1969 and focused on gourmet burgers and family-friendly full-service dining. This news page compiles company-issued updates and disclosures about Red Robin’s restaurant operations, promotions, financial performance and corporate actions.
Red Robin’s press releases frequently highlight new menu introductions and limited-time offerings, reflecting the brand’s emphasis on gourmet burgers, appetizers, entrées, desserts and signature beverages. Recent announcements have featured seasonal burgers and beverages, updates to appetizers and entrées, and promotions such as value-focused burger deals and themed campaigns tied to specific times of year.
Investors and followers of RRGB can also find news about the company’s financial results and outlook. The company regularly reports quarterly results, including total revenues, comparable restaurant revenue for company-owned restaurants that have operated for at least 18 months, restaurant level operating profit and adjusted EBITDA. These releases often include commentary from management on operational performance and progress on what the company refers to as its First Choice plan.
Corporate governance and leadership developments are another recurring theme in Red Robin’s news flow. The company issues announcements regarding executive appointments, departures and role changes, along with related information about its organizational strategy and culture. Capital markets updates, such as the establishment of an at-the-market equity offering program and amendments to its credit agreement, are communicated through both press releases and related SEC filings.
For anyone tracking RRGB stock, this news page offers a centralized view of Red Robin’s official communications, from menu innovation and guest promotions to financial updates and leadership changes. Regular visits can help readers follow how the company describes its strategy, restaurant performance and brand initiatives over time.
Red Robin Gourmet Burgers, Inc. (Nasdaq: RRGB) announced the grant of inducement awards to G.J. Hart, effective September 13, 2022, as part of his appointment as President and CEO. Mr. Hart received 123,762 performance stock units, which will vest based on the company's total stockholder return relative to peers over a three-year period, alongside 123,762 restricted stock units that will vest in three equal installments starting one year post-grant. These awards align with the terms of the Company’s 2017 Performance Incentive Plan.
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.