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Red Robin Gourmet Burgers, Inc. is a Delaware corporation that operates, franchises, and develops casual dining restaurants in North America. The company is renowned for its wide variety of high-quality burgers, including its signature Bottomless Steak Fries®, served in a fun and family-friendly atmosphere. In addition to burgers, Red Robin offers salads, appetizers, entrees, desserts, signature beverages, and Donatos® pizza at select locations.
- Restaurant Revenue - Generates revenue from food and beverage sales at company-owned restaurants, which is the primary source of income.
- Franchise Revenue - Earns royalties and fees from franchised restaurants, contributing to the company's revenue stream.
- Other Revenue - Includes income from gift card breakage and other ancillary sources, adding to the overall revenue.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
G.J. Hart ExecutiveBoard | President, CEO, and Board Member | Portillo’s (Board Member), National Restaurant Association (Board Member), Blessings in a Backpack (Board Member), James Madison University of Business (Board Member), The Hart School (Board Member) | Joined RRGB as CEO in September 2022 and has been a director since August 2019. Proven track record in driving growth and turnarounds in the food and beverage industry. | View Report → |
Meghan Spuler Executive | Chief People Officer | None | Joined RRGB in December 2023. Previously served as Chief People Officer at Eckerd Connects and held HR leadership roles at Bloomin’ Brands. | |
Sarah Mussetter Executive | Chief Legal Officer and Secretary | None | Rejoined RRGB in December 2022 as Chief Legal Officer. Previously served as Associate General Counsel and Deputy General Counsel at RRGB. Also held a senior legal role at Skillsoft Corporation. | |
Todd Wilson Executive | Chief Financial Officer (CFO) | None | Joined RRGB as CFO in November 2022. Previously held financial leadership roles at Hopdoddy Burger Bar, Jamba Juice, and Bloomin’ Brands. Holds an MBA from the University of South Florida. | |
Allison Page Board | Board Member | SevenRooms, Inc. (Co-Founder and Chief Product Officer), Pillsbury Institute for Hospitality Entrepreneurship at Cornell University (Board Member) | Director at RRGB since February 2020. Co-founder of SevenRooms, a global hospitality platform, and recognized for her contributions to technology and guest engagement in the restaurant industry. | |
Anddria Varnado Board | Board Member | Columbia Banking System, Inc. (Board Member) | Director at RRGB since March 2021. Brings expertise in strategy, consumer trends, and business transformation. | |
Christopher Martin Board | Board Member | Jumana Capital, LLC (Managing Director), Jumana Capital Investments LLC (Manager) | Joined RRGB’s board in December 2024. Brings financial and operational expertise from private equity and corporate finance roles. | |
David A. Pace Board | Chairperson of the Board | Farmer Bros. Co. (Independent Chair), Authentic Restaurant Brands (Board Member), Dallas Stars Ownership Advisory Board (Member) | Chairperson of RRGB since November 2019. Extensive experience in restaurant and hospitality industries, including CEO roles and board memberships. | |
James C. Pappas Board | Board Member | United Natural Foods, Inc. (Director), Innovative Food Holdings, Inc. (Chairman), Tandy Leather Factory, Inc. (Director) | Appointed to RRGB’s board in December 2024. Extensive experience in investment management, corporate finance, and board leadership across multiple industries. | |
Nicole Miller Regan Board | Board Member | Tacombi (Board Member), Culinary Institute of America (Board of Trustees) | Appointed to RRGB’s board in August 2023. Former CFO of 7 Brew and managing director at Piper Sandler. Extensive experience in consumer equity research and financial leadership. |
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Given that approximately 70 restaurants are not generating positive restaurant-level profitability and are dragging down total company restaurant-level operating profit by approximately 215 basis points, what specific criteria are you using to determine whether to continue supporting these locations or consider closing them, and what is the timeline for these decisions?
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Adjusted EBITDA decreased by $4.7 million in the third quarter of 2024 compared to last year, primarily due to lower guest counts, increased discounts, higher labor costs, and occupancy costs related to sale-leaseback transactions; what concrete steps are you taking to reverse this trend and improve profitability in the face of these headwinds?
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You mentioned that increased discounting through promotional offers is expected to have a net cost in the near term but believe it will help achieve your goal of returning traffic to positive growth in 2025; how do you balance this promotional strategy with maintaining healthy margins, and what gives you confidence that the increased traffic will offset the margin compression?
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With the recent amendments to your credit agreement that increase compliance leverage ratios and extend the revolver expansion, how concerned are you about your financial flexibility, and what steps are you taking to manage your debt levels and ensure sufficient liquidity moving forward?
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While your overall satisfaction (OSAT) scores have improved significantly and guest traffic has closed a 500 basis point gap, comparable restaurant revenue only increased 0.6%; given this modest sales growth, what are your plans to drive more substantial top-line improvements, and what key levers can you pull to accelerate revenue growth?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Five U.S. franchisee restaurants | 2023 |
Recent press releases and 8-K filings for RRGB.
- David A. Pace is appointed as President and CEO effective immediately, leveraging his extensive industry experience to lead the company’s next phase
- G.J. Hart steps down as President and CEO after a five-and-a-half-year tenure, transitioning to a senior advisory role until September 2025
- Anthony S. Ackil is named Chairman of the Board, succeeding Mr. Pace in that role while Mr. Pace remains on the Board
- The announcement reinforces the company's transformation under its North Star plan with an optimistic first quarter 2025 outlook, including a 3% increase in comparable restaurant sales