Red Robin Gourmet Burgers completed three asset purchase transactions selling 108 company-owned restaurants for approximately $89.4 million in cash, with an additional eight units pending closing by fiscal year-end for $6.6 million, bringing total proceeds to roughly $96 million from the sale of 116 locations. The Evergreen Transaction closed on August 26, 2026, involving 30 restaurants in Washington and Western Idaho for $23.5 million. Two closings under the Op Burgers transaction occurred on August 31, 2026: 61 restaurants across Indiana, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia sold for $55.9 million of a $62.5 million total deal value; eight more follow after liquor license transfers. The Kuber transaction also closed August 31, 2026, selling 17 restaurants in Oregon and Washington for $10 million. Proceeds will primarily repay outstanding credit facility borrowings to support debt reduction and refinancing under the company's First Choice Plan. Red Robin Gourmet Burgers operates a casual dining restaurant chain specializing in gourmet burgers.

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.

Red Robin Gourmet Burgers, Inc. increased its Board of Directors from seven to eight members and appointed Michael Kappitt as a new independent director, effective July 24, 2026. Mr. Kappitt, formerly of Subway and Bloomin' Brands, Inc., will serve until the 2027 Annual Meeting of Stockholders. Red Robin Gourmet Burgers, Inc. operates in the restaurant industry and specializes in gourmet burgers.

Red Robin Gourmet Burgers, Inc. expanded its Board of Directors from seven to eight members by appointing Michael Kappitt, effective July 24, 2026. Mr. Kappitt, currently the Chief Operating and Insights Officer at Subway, brings experience from Bloomin' Brands, Inc. where he held several leadership roles. Red Robin Gourmet Burgers, Inc. operates in the restaurant industry as a provider of gourmet burgers and casual-dining dining experiences.

Red Robin Gourmet Burgers, Inc. entered into two asset purchase agreements on June 11, 2026, to sell assets related to 86 company-owned restaurants to Op Burgers, LLC for $62.5 million and to Kuber for $10.0 million. The company intends to use the net proceeds from these transactions to reduce its outstanding indebtedness. Red Robin Gourmet Burgers, Inc. is a casual dining restaurant operator.