Earnings ·
Red Robin reports Q2 revenue of $277.6M, net income of $0.4M; plans refranchising for $96M proceeds
RRGBRed Robin Gourmet Burgers Inc
Red Robin Gourmet Burgers, Inc. reported fiscal second quarter results ending July 12, 2026, with total revenues of $277.6 million and net income of $0.4 million. Comparable restaurant revenue increased 1.3%, driven by a 1.5% rise in average guest check that offset a 0.2% decline in traffic. Restaurant-level operating profit margin improved to 14.7%. The company announced three refranchising agreements for the sale of 116 company-owned restaurants, expected to generate $96 million in gross proceeds during the third quarter. Red Robin reaffirmed its fiscal 2026 guidance, projecting comparable restaurant revenue growth of 0.5% to 1.5%, adjusted EBITDA between $70 million and $73 million, and capital expenditures of $25 million to $30 million. The company operates a casual dining restaurant chain specializing in gourmet burgers.