Red Robin thinks to close 70 places among the financial woes


Red Robin is the latest in the growing number of planned fast food dishes Places below the shots after a cavity of financial difficulties.

The chain, announced on Wednesday, after the rent is completed, it will potentially plan to close 70 places after trying to continue its operations. The company has already closed a place in the fourth quarter of FISCAL 2024, and in the quarter of the $ 32.4 million loss of $ 32.4 million “Review of the restaurant grown.”

The company plans to sell three features in the first quarter of 2025 FISCAL. The sale of these places is expected to earn $ 5.8 million, which will be used to pay the company’s debt.

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The financial results for FISCAL 2024 “lowed the company’s original expectations,” the original expectations of the company, “he said.

Red Robin places

A red restaurant restaurant in Troy. The chain has more than 500 places in America. (/ stock)

As of last week, Hart analysts told the analysts that the company saw a 600 main point improvement in quarterfinals in the first quarter of the year.

But “Although our improvement is serious, we are still not able to have the potential of our iconic brand and we will expect more way improvements in 2025,” he said.

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The story of the Red Robin is not unique. There are many names restaurants that fight after a lot of debt during the pandemic.

Consumption costs in the industry, restaurants, consumer to return to pandemic levels. But Quick Service Sector Inflation-careful consumers began to slow down traffic in the back-rear quarter because they continue to eat at home at home.

Red Robin in California

Red Robin restaurant in San Jose, California. (Nicolas McComber / Getty Images)

TGI Friday, Denny’s, Yagut Tuesday, Rubya coastal defect and red beans, some companies such as Ruby’s coastal grill and red lobster, applied for protection in the bankruptcy court. However, others, including bankruptcy, reduced the footprints for protection.

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Wendy’s, for example, in November 140 To close the places below At the end of 2024, as seen to improve the “restaurant trace and general system health”.



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