Red Robin Could Close 70 Restaurant Locations

Red Robin Could Close 70 Restaurant Locations: What to Know
In an evaluation of the chain's performance in 2024, Red Robin said on Wednesday that it's considering closing 70 underperforming locations across the country as part of its business strategy. Why It Matters Founded in 1969,
National restaurant chain plans closure of up to 70 locations, 10 to 15 closing in 2025
During Wednesday’s earnings call, Red Robin reported a loss of $39.7 million in fourth quarter 2024 and a loss of $77.5 million for the year, according to the Associated Press. The chain reported revenue of $285.2 million in the fourth quarter, with $1.25 billion in revenue for the year.
Red Robin planning to close around 70 underperforming locations
We believe the expected closure of a majority of these restaurants will allow the strength of our remaining portfolio to become clear.'
Red Robin could close nearly 70 restaurants by 2030
The weaker locations have become a drag on the 500-unit casual-dining chain. But the company's earnings surprised investors last quarter,
Turning Red Robin Around
The turnaround plan at Red Robin is underway. The historic burger chain is making some big changes. G.J. took over in late 2022 after a yearslong slump for the firm's stock, and his plan is starting to pay off.
Red Robin upgraded to Buy from Neutral at CL King
CL King upgraded Red Robin (RRGB) to Buy from Neutral with a $10 price target Discover the Best Stocks and Maximize Your Portfolio: See what
CL King Upgrades Red Robin Gourmet Burgers (RRGB)
Fintel reports that on February 27, 2025, CL King upgraded their outlook for Red Robin Gourmet Burgers (NasdaqGS:RRGB) from Neutral to Buy. Analyst Price Forecast Suggests 108.74% Upside As of February 18,
Why Are Red Robin (RRGB) Shares Soaring Today
What Happened? Shares of burger restaurant chain Red Robin (NASDAQ:RRGB) jumped 34.1% in the afternoon session after the company reported strong fourth-quarter 2024 results: Same-store sales beat expectations after a few tepid quarters.
Red Robin's surprise rally shows investor confidence in turnaround plan
Red Robin Gourmet Burgers (NASDAQ:RRGB) saw its sales deteriorate by 7.7% and experienced a wider loss that was worse than ...
Popular burger chain weighs closing dozens of restaurants
Red Robin Gourmet Burgers is weighing the closure of dozens of restaurants. On an earnings call, the company’s CEO G.J. Hart said that the burger chain is evaluating about 70 underperforming locations ...
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Red Robin Gourmet Burgers reports revenue drop in Q4 FY24
American casual dining chain Red Robin Gourmet Burgers has reported total revenue of $285.2m in the fourth quarter (Q4) of ...
‘The waitress was definitely avoiding me’: Customer goes to Red Robin and orders too much. Then he looks around for the server
I’d like to extend my sincerest apologies and utmost gratitude to the staff at Red Robin for surviving me.” In an extended ...
Emergency crews respond to fire at Red Robin in Homestead
Emergency crews responded to a fire at Red Robin in Homestead on Sunday. Members of the Munhall Central Volunteer Fire and ...
Red Robin Q4 Earnings Miss, Revenues Beat Estimates, Stock Up
Red Robin Gourmet Burgers, Inc. RRGB posted mixed fourth-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Both top and bottom lines ...
New Chinese buffet opening in Trussville
A new Chinese buffet is getting ready to move into Trussville’s former Red Robin. According to the Birmingham Business ...