Red Robin Gourmet Burgers, Inc. (RRGB) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Red Robin Gourmet Burgers Incorporated Third Quarter 2025 Earnings Call. This conference is being recorded. During management's presentation and in the Q&A session, we will be making forward-looking statements about the company's business outlook and expectations. These forward-looking statements and all other statements that are not historical facts reflect management's beliefs and predictions as of today, and therefore are subject to risks and uncertainties as described in the company's SEC filings. Management will also discuss non-GAAP financial measures as part of today's conference call. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles, but are intended to illustrate alternative measures of the company's operating performance that may be useful. Reconciliations of the non-GAAP financial measures to the most directly comparable gap measures can be found in the earnings release. The company has posted its third quarter 2025 earnings release on its website at ir.redrobin.com. Now, I'd like to turn the call over to Red Robin's President and Chief Executive Officer, Dave Paik. Good afternoon, everyone, and thank you for your interest in Red Robin. It was just four months ago that we unveiled our first choice plan with a core imperative of establishing Red Robin as the first choice for guests, team members, and investors. Today, I'm pleased to report that in the third quarter, we began to see the early fruit from our efforts. During the third quarter, our traffic trends improved sequentially through the quarter, supported by the launch of our Big Yum promotion and growth in our off-premise business. Equally encouraging are the continued gains in our four-wall operating efficie...