RED ROBIN GOURMET BURGERS INC

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) operates a casual dining restaurant chain famous for gourmet burgers, bottomless steak fries, and a family-friendly atmosphere. The company's website is www.redrobin.com.

As of the end of fiscal year 2025, Red Robin operates 475 locations across North America, comprising 385 company-owned restaurants in 39 states and 90 franchised restaurants in 13 states and British Columbia, Canada. The company employs approximately 18,852 team members, including 18,647 at company-owned restaurants and 205 at the Restaurant Support Center.

Red Robin's core business centers on its signature hand-pressed, craft burgers made with fresh ground beef, complemented by an extensive menu featuring chicken, turkey, vegetarian, and plant-based protein options. Burgers accounted for 54 percent of food sales in fiscal 2025. The company also serves mainstream favorites including Donatos pizza at 260 locations through a licensing partnership, wings, salads, entrees, desserts, and handspun milkshakes. Beverages include specialty cocktails, wine, and craft beers. All burgers come with a choice of nine bottomless sides.

The company operates as a single reportable segment with a business model combining company-owned and franchised locations. Franchise revenue derives primarily from royalty income and advertising fund contributions calculated as a percentage of franchisee sales. The company's two largest franchisees operate 46 restaurants combined across Pennsylvania, Michigan, Ohio, and Texas.

Red Robin's competitive positioning rests on its distinctive gourmet burger concept, family-friendly environment, customizable menu options, price-to-value proposition, and strong brand recognition. The company leverages approximately 16.4 million members in its Red Robin Royalty loyalty program and employs data-driven marketing capabilities incorporating micro-targeting to drive guest engagement and traffic.

The company's First Choice strategic plan, launched in July 2025, focuses on operational excellence, traffic growth, expense management, restaurant investment, and talent development. The plan includes tactical refranchising of select company-owned restaurants and markets to reduce debt while maintaining operational standards and guest experience quality across the system.