Red Robin Gourmet Burgers Inc
NASDAQ:RRGB
Red Robin Gourmet Burgers Inc
Red Robin Gourmet Burgers, Inc. develops, operates, and franchises full-service restaurants North America. The company is headquartered in Greenwood Village, Colorado and currently employs 22,483 full-time employees. The company went IPO on 2002-07-19. The firm's menu features a line of Gourmet Burgers made from fresh ground beef, as well as line of Red's Tavern Double burgers, and Red Robin's Finest line made with toppings. The company also offers burgers made with other proteins, including chicken breasts (grilled or fried), turkey patties, as well as a vegetarian patty and the plant-based burger patty. The firm offers a range of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. Its beverages include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers. The firm also offer a range of single-serve and shareable desserts, as well as its milkshakes.
Red Robin Gourmet Burgers, Inc. develops, operates, and franchises full-service restaurants North America. The company is headquartered in Greenwood Village, Colorado and currently employs 22,483 full-time employees. The company went IPO on 2002-07-19. The firm's menu features a line of Gourmet Burgers made from fresh ground beef, as well as line of Red's Tavern Double burgers, and Red Robin's Finest line made with toppings. The company also offers burgers made with other proteins, including chicken breasts (grilled or fried), turkey patties, as well as a vegetarian patty and the plant-based burger patty. The firm offers a range of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. Its beverages include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers. The firm also offer a range of single-serve and shareable desserts, as well as its milkshakes.
Q4 Revenue: Red Robin reported Q4 2025 revenue of $269 million, down $16.2 million from last year, mainly due to lower sales and restaurant closures.
Comparable Sales: Q4 comp sales were down 3.3% (excluding deferred loyalty revenue), with a 0.3% increase in average check offset by a 3.6% decline in traffic.
Profitability: Full year adjusted EBITDA reached $69.7 million, up 53% over 2024, and exceeded management's expectations.
Margins: Restaurant-level operating margin for Q4 was 11.4%, down 10 basis points year-over-year, but improved by 190 basis points for the full year.
2026 Guidance: Management expects 2026 comp sales growth of 0.5–1.5%, operating margin of about 13%, and adjusted EBITDA between $70 million and $73 million.
Cost Controls: G&A costs were cut by over $4 million in 2025 and similar savings are expected in 2026.
Menu & Marketing: Value offerings, targeted marketing, and new menu launches drove improvement in traffic and average check, especially in December and January.
Balance Sheet: The company improved liquidity, is working on refranchising and refinancing, and has ended its ATM equity program without issuing shares.
