Business
Red Robin Gourmet Burgers, Inc. Announces "First Choice" Plan to Drive Long-Term Shareholder Value
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today 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.
About this update from Red Robin Gourmet Burgers, Inc.
[{"type":"text","content":"Updates Second Quarter Financial Outlook","length":40,"tagName":"p","attribs":{}},{"type":"text","content":"ENGLEWOOD, Colo., July 14, 2025 /PRNewswire/ -- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today 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.","length":467,"tagName":"p"},{"type":"text","content":"Dave Pace, Red Robin's President and Chief Executive Officer said, "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."","length":478,"tagName":"p"},{"type":"text","content":"Pace continued, "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."","length":492,"tagName":"p"},{"type":"text","content":"Through the execution of our plan, Red Robin will be the "First Choice" for:","length":86,"tagName":"p"},{"type":"text","content":"1) Guests searching for a differentiated restaurant experience;","length":93,"tagName":"p","attribs":{}},{"type":"text","content":"2) Team Members looking for a great place to work; and","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"3) Investors seeking reliable returns on their investment.","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"The "First Choice" Plan Consists of t...