Red Robin to Have Re-Opened Approximately 65% Company-operated Dining Rooms by June 7, 2020
June 03 2020 - 7:00AM
Business Wire
Company to Release First Quarter 2020
Results on June 10, 2020 Before the Market Open
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) (the “Company”),
a full-service restaurant chain serving an innovative selection of
high-quality gourmet burgers in a family-friendly atmosphere, today
announced that the Company expects to have re-opened approximately
270 dining rooms with limited capacity by June 7, 2020,
representing approximately 65% of currently open Company-operated
restaurants.
Paul J.B. Murphy III, Red Robin’s President and Chief Executive
Officer, said, “With our relentless focus on health and safety for
our Team Members and Guests, we are continuing to make progress
re-opening our dining rooms across the country and welcome back our
loyal Red Robin fans to experience great food and elevated
hospitality. To build on the momentum we are experiencing in
off-premise and dine-in sales, we are now re-opening restaurants in
our largest and highest volume markets in the Pacific Northwest and
West Coast. We are pleased with the results we are seeing and look
forward to sharing a more detailed business update when we report
our first quarter earnings next week.”
The Company also announced that it will release financial
results for its first quarter ended April 19, 2020, on Wednesday,
June 10, 2020, before the market open. The Company will then host
an investor conference call to discuss these results at 8:00 a.m.
ET.
The conference call can be accessed live over the phone by
dialing 201-689-8560. A replay will be available from approximately
two hours after the end of the call and can be accessed by dialing
412-317-6671; the conference ID is 13703138. The replay will be
available through Wednesday, June 17, 2020.
The call will be webcast live and later archived from the
Company's website at www.redrobin.com under the investor relations
section.
About Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)
Red Robin Gourmet Burgers, Inc. (www.redrobin.com), a casual
dining restaurant chain founded in 1969 that operates through its
wholly-owned subsidiary, Red Robin International, Inc., and under
the trade name, Red Robin Gourmet Burgers and Brews, is the Gourmet
Burger Authority™, famous for serving more than two dozen
craveable, high-quality burgers with Bottomless Steak Fries® in a
fun environment welcoming to Guests of all ages. At Red Robin,
burgers are more than just something Guests eat; they’re a bonding
experience that brings together friends and families, kids and
adults. In addition to its many burger offerings, Red Robin serves
a wide variety of salads, soups, appetizers, entrees, desserts, and
signature beverages. Red Robin offers a variety of options behind
the bar, including its extensive selection of local and regional
beers, and cocktails. It’s now easy to take Red Robin anywhere with
online ordering for to-go and Gourmet Burger Bar catering pickups
through Yummm2Go. There are more than 550 Red Robin restaurants
across the United States and Canada, including those operating
under franchise agreements. Red Robin… YUMMM®! Connect with Red
Robin on Facebook, Instagram and Twitter.
Forward-Looking Statements
Forward-looking statements in this press release are made under
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements include, without limitation,
statements regarding the number, location, and hours of operation
of Company-operated dining rooms the Company expects to have
re-opened by June 7, 2020 and continued off-premise and dine-in
sales growth. These statements are based on assumptions believed by
the Company to be reasonable and speak only as of the date on which
such statements are made. Except as required by law, the Company
undertakes no obligation to update such statements to reflect
events or circumstances arising after such date, and cautions
investors not to place undue reliance on any such forward-looking
statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those described in the statements based on a number of
factors, including but not limited to the following: the rapidly
evolving nature of the COVID-19 pandemic and related containment
measures, including the potential for a complete shutdown of
Company restaurants; the impact of political protests and curfews
imposed by state and local governments; and other risk factors
described from time to time in the Company’s Form 10-K, Form 10-Q,
and Form 8-K reports (including all amendments to those reports)
filed with the U.S. Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20200603005181/en/
ICR Raphael Gross, Managing Director (203) 682-8253
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