Red Robin Gourmet Burgers

Red Robin completed refranchising of 108 company-owned restaurants for roughly $89.4 million in gross proceeds, with eight more expected to close by year-end potentially raising proceeds to about $96 million. The company plans to use net proceeds primarily to repay credit-facility borrowings and support refinancing, which could reduce its high-cost interest burden. Refranchising shifts labor, food and capital expenses to franchisees and replaces restaurant sales with royalties and advertising contributions, but it removes nearly 29% of Red Robin's company-operated base. The ultimate impact depends on pro forma debt reduction, refinancing terms, retained lease or guarantee exposure, corporate-cost savings and franchisee performance. » Więcej na finance.yahoo.com

Red Robin appoints Scott Hudler as chief marketing officer effective September 8, 2026; he succeeds Russ Klein, who served on an interim basis and will continue to support the company in an advisory capacity through the end of 2026. Hudler brings more than 25 years of experience in restaurant and retail, most recently as senior vice president and CMO at Whataburger, and has held leadership roles at Torchy’s Tacos, DICK’S Sporting Goods, Dunkin’ Brands, Mars and Popeyes. In his new role he will oversee brand strategy, advertising, digital marketing, the loyalty program, culinary innovation and customer insights for Red Robin’s nearly 500 locations in the U.S. and Canada. » Więcej na de.investing.com

Red Robin sells 30 locations in Washington and west Idaho to Evergreen Dining LLC for $23.5 million in cash; the restaurants will continue to operate as franchises. Proceeds are to be used primarily to repay liabilities and to finance the 'First Choice Plan', while the company seeks to improve its capital structure and liquidity. Red Robin has total debt of about $515.8 million and a current ratio of 0.47; the transaction is expected to close in the second half of 2026 and guidance will be updated thereafter. » Więcej na de.investing.com