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Red Robin Gourmet Burgers, Inc. Reports First Quarter Results for Fiscal 2026

On May 19, 2026, Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), known for its delicious gourmet burgers and vibrant dining atmosphere, revealed its financial outcomes for the first quarter ending April 19, 2026. The report showcases the company's ongoing efforts to enhance guest experiences and drive profitability amid challenging market conditions.

CEO Dave Pace's Insights

According to Dave Pace, President and CEO, Red Robin has made strides in terms of customer traffic and operational profitability, achieving levels that had remained elusive for years. This positive trend can largely be attributed to the successful introduction of a revamped menu that emphasizes innovation and value, alongside enhanced marketing strategies aimed at boosting guest engagement.

The company implemented changes to improve restaurant operations, focusing on labor efficiency and simplifying service processes. Additionally, the empowerment of Managing Partners has played a crucial role in ensuring a more fulfilling experience for diners.

Financial Summary for Q1 2026

The fiscal first quarter results exhibit total revenue of $378.3 million, a slight decrease from $392.4 million in the prior year's same quarter. Restaurant revenues were reported at $371.1 million, a drop from last year’s $385.8 million. Despite these declines, Red Robin experienced a minor decrease of 0.6% in comparable restaurant revenues.

Key Financial Metrics:

• - Income from operations: $5.5 million (down from $9.1 million year-over-year).
• - Restaurant level operating profit was $54.8 million, mirroring the previous year’s $55.0 million.
• - Net loss for the quarter amounted to $2.2 million, contrasting with a net income of $1.2 million from Q1 2025.
• - Adjusted EBITDA was reported at $27.3 million, a slight decrease from $27.9 million in the previous year.

The decline in comparable restaurant revenue was influenced by a 1.6% decrease in guest traffic, somewhat compensated by a 1.0% increase in the average guest check.

Financial Strategy and Outlook

Despite facing challenges, Red Robin aims to maintain a growth trajectory. The company projects a growth in comparable restaurant revenue between 0.5% to 1.5% for fiscal 2026, with a targeted restaurant-level operating profit of around 13%. Expected adjusted EBITDA ranges between $70 million and $73 million, underscoring the management's commitment to cost efficiency and strategic marketing enhancements.

As of the reporting date, Red Robin has approximately $40.8 million in liquidity, alongside $175.7 million in outstanding borrowings under its credit facility. This financial posture signifies a cautious yet proactive approach to managing operational costs and fostering growth opportunities.

Investor Conference Information

An investor conference call will take place later today to discuss the detailed financial results and business outlook. Interested parties can access the call by dialing 201-689-8560, with provisions for replays available in the coming days.

Red Robin Gourmet Burgers continues to epitomize casual dining excellence, believing that nothing unites people quite like burgers and laughter. After nearly five decades of operation, the company is committed to excellence in service, culinary creativity, and assuring that moments shared at their tables are memorable.

For further information, visit their Investor Relations site or join their Royalty program to enjoy exclusive perks and rewards across their numerous locations in the U.S. and Canada. Keep enjoying the deliciousness of Red Robin—YUMMM!