USA | Red Robin has unveiled its strategic plans to earn the trust of customers, team members and investors as their "First Choice".
Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, has announced its "First Choice" plan to drive long-term shareholder value. The Company also provided an updated financial outlook for the second quarter ended July 13, 2025.
"The opportunity for Red Robin is significant, and we've put in motion an integrated plan to make us the 'First Choice' for guests, team members, and investors. Our First Choice plan includes coordinated initiatives to preserve the progress made under the Company's previous North Star Plan and build further in critical areas that we need to excel at in order to compete and win," Dave Pace, Red Robin's President and Chief Executive Officer, said.
"We have launched bold initiatives to generate the resources needed to strengthen our balance sheet, create compelling marketing communication, invest in our restaurant facilities and technology, and consistently deliver everyday value and a great experience to our guests. We are confident the First Choice plan will result in sustainable guest count growth, increased profitability and free cash flow generation, and a great work environment for our team members."
The execution of the plan will showcase that Red Robin is the “First Choice” for guests searching for a differentiated restaurant experience, team members looking for a great place to work, and investors seeking reliable returns on their investment.
The Company expects second quarter comparable restaurant sales to decrease approximately four percent, modestly below previously communicated expectations of a decrease of approximately three percent, and now expects Adjusted EBITDA to exceed the prior expectation of USD 13 million to USD 16 million. The Company expects to report second quarter results in mid-August.
"Our commitments to operational excellence and cost efficiency have delivered meaningful profitability improvements, with the Adjusted EBITDA we expect to report in the first half of 2025 already surpassing our full-year 2024 results,” said Todd Wilson, Red Robin's Chief Financial Officer.
“While we continue to address our opportunity to deliver traffic growth, these profitability gains reflect the dedication of our restaurant teams who have embraced an ownership mindset. Combined with the benefit of recent corporate efficiency initiatives, our improved financial foundation provides us with the resources needed to accelerate investments in traffic-driving initiatives."
Providing Net income (loss) guidance is potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items. As such, we do not present a reconciliation of forecasted Adjusted EBITDA to Net income (loss), the corresponding GAAP measure.
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