Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 19, 2026

About this update from Red Robin Gourmet Burgers, Inc.

ENGLEWOOD, Colo., May 19, 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 reported financial results for the fiscal first quarter ended April 19, 2026. Chief Executive Officer Comments"During the first quarter of 2026, we delivered continued progress in traffic trends and restaurant-level profitability at levels we haven't achieved in several years, reflecting the growing momentum behind our First Choice strategic plan," said Dave Pace, Red Robin's President and Chief Executive Officer."This performance was driven by the successful launch of our new menu, which reflects a sharper focus on innovation, craveability, and value, along with targeted marketing investments that amplified awareness of our Big Yummm value platform and strengthened guest engagement through more personalized outreach. At the same time, we continued to improve restaurant operations by driving labor efficiencies, simplifying execution, and empowering our Managing Partners to deliver a better overall guest experience."First Quarter 2026 Financial Summary:The following table presents financial results for the fiscal first quarter 2026, compared to results from the same period in 2025 ($ in millions except per share data):Sixteen Weeks EndedApril 19, 2026April 20, 2025Total revenues$ 378.3$ 392.4Restaurant revenues$ 371.1$ 385.8Comparable restaurant revenue(1)(0.6) %3.2 %Income (loss) from operations$ 5.5$ 9.1Income (loss) from operations as a percent of total revenues1.5 %2.3 %Restaurant Level Operating Profit(2)$ 54.8$ 55.0Restaurant Level Operating Profit Margin(2)14.8 %14.3 %Net income (loss)$ (2.2)$ 1.2Adjusted EBITDA(2)$ 27.3$ 27.9Net income (loss) per share - diluted$ (0.12)$ 0.07Adjusted net income (loss) per share - diluted(2)$ 0.13$ 0.19(1) Comparable restaurant revenue represents revenue from Company-owned restaurants that have operated for at least 18 months as of the beginning of the period presented, excluding the impact of deferred loyalty revenue.(2) See "Reconciliation of Non-GAAP Results to GAAP Results" for more details.First Quarter 2026 CommentaryComparable restaurant revenue decreased 0.6%. This included a 1.6% decrease in guest traffic, and a 1.0% increase in average guest check.R...

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