RED ROBIN ANNOUNCES PRELIMINARY THIRD QUARTER COMPARABLE RESTAURANT REVENUE; RESCHEDULES EARNINGS CALL TO NOVEMBER 18, 2026
PR Newswire•02/11/2026•16:15 ET
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Key Highlights
- ➤Comparable restaurant revenue rose 3.9% in the twelve weeks ended October 4, 2026
- ➤108 restaurants refranchised, generating approximately $89.4 million in aggregate cash proceeds
- ➤Five-year $115 million credit agreement includes $25 million revolving line and $90 million term loan
- ➤Earnings release and conference call rescheduled from November 4 to November 18, 2026
- ➤Guest traffic declined 1.7%, while average guest check increased 5.6% in the quarter
Expert Statements
Dave Pace, President and Chief Executive Officer of Red Robin
“Since launching our First Choice Plan in July 2025, we have remained focused on meaningfully strengthening our operating performance and financial position.”
Dave Pace, President and Chief Executive Officer of Red Robin
“During the third quarter, we completed three refranchising agreements that generated significant proceeds. These proceeds were used to reduce outstanding debt and support the successful refinancing of our debt on attractive commercial terms. These transactions represent an important milestone for the Company and provide greater financial stability as we continue to execute our First Choice initiatives and advance our long-term strategic priorities.”
Dave Pace, President and Chief Executive Officer of Red Robin
“in addition, I am encouraged by the continued momentum in the third quarter, as same-store sales outperformed the industry. The 3.9% increase in same store sales benefited from the success of our Big Yummm value platform, which launched in July 2025. That platform provides an accessible entry point for guests while preserving the full Red Robin experience that guests have come to expect. This performance reinforces our confidence in the First Choice strategy and we remain focused on increasing frequency and engagement by delivering exceptional hospitality and a seamless guest experience. With a stronger financial foundation and improving operating trends, we believe Red Robin is well positioned to execute on its long-term priorities.”
RED ROBIN ANNOUNCES PRELIMINARY THIRD QUARTER COMPARABLE RESTAURANT REVENUE; RESCHEDULES EARNINGS CALL TO NOVEMBER 18, 2026 PR Newswire
ENGLEWOOD, Colo., Nov. 2, 2026 /PRNewswire/ -- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced preliminary, unaudited comparable restaurant revenue results for the fiscal third quarter ended October 4, 2026.
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