The Company Reaffirms Full Year 2022 Adjusted
EBITDA Guidance
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or
the "Company"), a full-service restaurant chain serving an
innovative selection of high-quality gourmet burgers in a
family-friendly atmosphere, today reported financial results for
the fiscal first quarter ended April 17, 2022.
Results for the first quarter, as compared to the prior year
as applicable, included the following:
- Restaurant revenue of $380.6 million increased 19.4% compared
to 2021;
- Eighth consecutive quarter of sustained off-premises sales
dollars of more than double pre-pandemic levels;
- Comparable restaurant revenue increased 19.7% compared to 2021;
- Approximately 200 restaurants were serving Donatos® pizza prior
to 2022, with comparable restaurant revenue growth of Donatos®
locations outperforming non-Donatos® locations by more than 5%
compared to 2019;
- Net loss of $3.1 million improved $5.6 million compared to
2021;
- Restaurant level operating profit margin decreased by 170 basis
points driven primarily by commodity and labor cost inflation,
partially offset by sales leverage;
- Adjusted EBITDA(1) (a non-GAAP metric) of $28.0 million
improved $0.6 million compared to 2021;
- Launched a new redrobin.com website in March offering an
improved online ordering experience that we expect will drive
increased frequency of guest visits and higher order conversion;
and,
- Completed a new $225 million, five-year credit agreement that
provides us with long-term flexibility to strategically invest in
our business and create value for our shareholders.
First Quarter 2022 Financial Summary Compared to 2021
The following table presents financial highlights for the fiscal
first quarter of 2022, compared to results from the same period in
2021:
Sixteen Weeks Ended
April 17, 2022
April 18, 2021
Total revenues (millions)(3)
$
395.6
$
326.3
Restaurant revenues (millions)
380.6
318.7
Net loss (millions)
(3.1
)
(8.7
)
Restaurant Level Operating Profit
(millions)(2)
$
53.1
$
50.0
Restaurant Level Operating Profit
Margin(2)
14.0
%
15.7
%
Adjusted EBITDA (millions)(1)
$
28.0
$
27.4
Loss per diluted share ($ per share)
$
(0.20
)
$
(0.56
)
Adjusted loss per diluted share ($ per
share)(2)
$
(0.12
)
$
(0.30
)
______________________________________
(1)
See schedule III for a reconciliation of
Adjusted EBITDA, a non-GAAP measure, to Net loss.
(2)
See schedule I for a reconciliation of
Adjusted loss per diluted share, a non-GAAP measure, to Loss per
diluted share, and schedule II for a reconciliation of Restaurant
level operating profit and Restaurant level operating profit
margin, non-GAAP measures, to Loss from operations.
(3)
Includes $5.9 million due to change in
estimate, gift card breakage revenue, which relates to the
Company's re-evaluation of its estimated redemption pattern.
First Quarter 2022 Operating Results
Comparable restaurant revenue(4) increased 19.7% in the first
quarter of 2022 compared to the same period a year ago, driven by a
12.8% increase in average Guest check and a 6.9% increase in Guest
count. The increase in average Guest check resulted from a 6.0%
increase in menu mix including incremental sales related to checks
that include Donatos® pizza, a 5.4% increase in pricing, and a 1.4%
decrease in discounts. The increase in menu mix was primarily
driven by our limited time menu offerings and higher dine-in sales
volumes.
The decrease in Net loss compared to 2021 was primarily due to a
$61.9 million increase in restaurant revenue, partially offset by
higher commodity and labor inflation, staffing costs, and marketing
expenses. The increase in Adjusted EBITDA(2) was due to the
aforementioned factors less the impact of Interest expense, Income
tax benefits, Depreciation and amortization, and Other charges.
Paul J. B. Murphy III, Red Robin’s President and Chief Executive
Officer, said, "We are continuing to drive meaningful financial
growth through our long-term, strategic investments. We have now
added Donatos® pizza to almost half our Company restaurants, and in
the first quarter we generated total pizza sales of more than $7
million and checks with pizza were higher on average by more than
$10. Our integrated and seamless digital ecosystem, which includes
a newly designed website and the recent launch of our first app,
will drive trial and frequency as we increase marketing to a
broader audience during the second quarter and beyond. Lastly, we
are also communicating more effectively with our growing Red Robin
Royalty® members, now totaling 10.6 million, through a new loyalty
platform that is yielding all time high guest engagement by
enhancing our capabilities to personalize offers and deliver
compelling campaigns."
Murphy concluded, "While we are keeping a keen eye on industry
challenges and the macroeconomic environment, we are pleased with
the current trajectory of our business. Our innovative limited time
product promotions are driving higher guest traffic and incremental
check margin, while our off-premises sales dollars have remained
consistent. Operationally, we are focused on optimizing staffing
while delivering a consistently great guest experience, creating
incremental sales opportunities as we move forward."
Outlook for 2022 and Guidance Policy
The Company provides guidance of select information related to
the Company's financial and operating performance, and such
measures may differ from year to year.
The Company reiterated the following guidance for full year
2022:
- Mid-to-high single digit restaurant labor cost inflation;
- Selling, general and administrative costs between $145 and $155
million;
- Adjusted EBITDA(1) between $80 and $90 million; and,
- Capital expenditures of $40 to $50 million, as we continue to
progress our strategic initiatives and focus on operational
execution as we emerge from the pandemic, including continued
investment in maintaining our restaurants and systems, modest new
restaurant growth, Donatos® expansion to approximately 50
restaurants, improvements to our operational technology solutions,
and off-premises execution enhancements.
We continue to expect pricing in the mid-single digits during
2022, along with other operating initiatives underway, to mitigate
cost inflation. We also continue to expect margin pressures to
persist during 2022 and improve through the year with increased
staffing and dine-in sales, and to achieve a 2019 restaurant-level
operating profit margin in 2023.
Due to the impact of geopolitical events and their impacts on
the macroeconomic environment during 2022, the Company is updating
its commodity cost inflation guidance for full year 2022 to low
double digit inflation, up from our previous guidance of
mid-to-high single digits.
(1)
Please refer to the Reconciliation of Net
Loss to EBITDA and Adjusted EBITDA included on Schedule III of this
release. The Company has not provided a reconciliation of its
Adjusted EBITDA outlook to the most comparable GAAP measure of Net
loss. Providing Net loss guidance is potentially misleading and not
practical given the difficulty of projecting event-driven
transactional and other non-core operating items that are included
in Net loss, including asset impairments and income tax valuation
adjustments. The reconciliations of Adjusted EBITDA to Net loss for
the historical periods presented below are indicative of the
reconciliations that will be prepared upon completion of the
periods covered by the non-GAAP guidance.
Investor Conference Call and Webcast
Red Robin will host an investor conference call to discuss its
first quarter 2022 results today at 5:00 p.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 13728550. The replay will be available through
Thursday, June 2, 2022.
The call will be webcast live from the Company's website at
ir.redrobin.com/news-events/ir-calendar, and later archived.
About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
Red Robin Gourmet Burgers, Inc. (www.redrobin.com), is 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. We believe
nothing brings people together like burgers and fun around our
table, and no one makes moments of connection over craveable food
more memorable than Red Robin. We serve a variety of burgers and
mainstream favorites to Guests of all ages in a casual, playful
atmosphere. In addition to our many burger offerings, Red Robin
serves a wide array of salads, appetizers, entrees, desserts,
signature beverages and Donatos® pizza at select locations. It's
now easy to enjoy Red Robin anywhere with online ordering available
for to-go, delivery and catering, or you can download our new app
for easy customization, access to the Red Robin Royalty® dashboard
and more. There are more than 520 Red Robin restaurants across the
United States and Canada, including those operating under franchise
agreements. Red Robin… YUMMM®!
Forward-Looking Statements
Forward-looking statements in this press release regarding the
Company's future performance; anticipated uses of capital and
planned investments in growth platforms; continued Guest demand for
dine-in and off-premise offerings; the impact of industry labor and
supply chain challenges and inflationary pressures; statements
under the heading "Outlook for 2022 and Guidance Policy," including
with respect to commodity and labor cost inflation; selling,
general and administrative costs; adjusted EBITDA; capital
expenditures including investment in our restaurants and systems,
new restaurant growth, continued Donatos® expansion; pricing
expectations for 2022; and our ability to mitigate cost inflation;
and all other statements that are not historical facts are made
under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. 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. Without limiting
the generality of the foregoing, words such as "expect," "believe,"
"anticipate," "intend," "plan," "project," "could," "should,"
"will," "outlook" or "estimate," or the negative or other
variations thereof or comparable terminology are intended to
identify forward-looking statements. 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 impact
of COVID-19 and new variants on our results of operations, staffing
levels, supply chain, and liquidity; the effectiveness of the
Company's strategic initiatives, including alternative labor and
service models, and operational improvement initiatives and our
ability to execute on such strategic initiatives; our ability to
recruit, staff, train, and retain our workforce; the effectiveness
and timing of the Company's marketing strategies and promotions;
menu changes and pricing strategy; the anticipated sales growth,
costs, and timing of the Donatos® expansion; the implementation,
rollout, and timing of new technology solutions, including
off-premises enhancements; our ability to achieve revenue and cost
savings from off-premises sales and other initiatives; competition
in the casual dining market and discounting by competitors; changes
in consumer spending trends and habits; changes in the availability
and cost of food products, labor, and energy; general economic and
operating conditions, including changes in consumer disposable
income, weather conditions, and other events affecting the regions
where our restaurants are operated; the adequacy of cash flows and
the cost and availability of capital or credit facility borrowings;
changes in federal, state, or local laws and regulations affecting
the operation of our restaurants, including minimum wage and tip
credit regulations, consumer and occupational health and safety
regulations, health insurance coverage and other benefits,
nutritional disclosures, and employment eligibility-related
documentation requirements; costs and other effects of legal claims
by Team Members, franchisees, customers, vendors, stockholders, and
others, including negative publicity regarding food safety or cyber
security; 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.
RED ROBIN GOURMET BURGERS,
INC.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(In thousands, except per
share data)
(Unaudited)
Sixteen Weeks Ended
April 17, 2022
April 18, 2021
Revenues:
Restaurant revenue
$
380,612
$
318,677
Franchise royalties, fees, and other
revenue
14,938
7,598
Total revenues
395,550
326,275
Costs and expenses:
Restaurant operating costs (exclusive of
depreciation
and amortization shown separately
below):
Cost of sales
90,941
69,166
Labor
138,108
111,659
Other operating
67,864
57,712
Occupancy
30,599
30,100
Depreciation and amortization
23,919
25,888
General and administrative
25,043
22,255
Selling
9,337
8,355
Pre-opening costs and acquisition
costs
62
—
Other charges
5,307
5,471
Total costs and expenses
391,180
330,606
Income (loss) from operations
4,370
(4,331
)
Other expense:
Interest expense, net and other
7,413
4,330
Loss before income taxes
(3,043
)
(8,661
)
Income tax provision
62
52
Net loss
$
(3,105
)
$
(8,713
)
Loss per share:
Basic
$
(0.20
)
$
(0.56
)
Diluted
$
(0.20
)
$
(0.56
)
Weighted average shares outstanding:
Basic
15,748
15,579
Diluted
15,748
15,579
RED ROBIN GOURMET BURGERS,
INC.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(In thousands, except per
share amounts)
(Unaudited)
April 17, 2022
December 26, 2021
Assets:
Current Assets:
Cash and cash equivalents
$
33,772
$
22,750
Accounts receivable, net
12,551
21,400
Inventories
25,232
25,219
Income tax receivable
13,245
15,824
Prepaid expenses and other current
assets
15,080
16,963
Restricted cash
8,151
—
Total current assets
108,031
102,156
Property and equipment, net
371,840
386,336
Operating lease assets
389,983
400,825
Intangible assets, net
20,472
21,292
Other assets, net
16,210
18,389
Total assets
$
906,536
$
928,998
Liabilities and Stockholders'
Equity:
Current Liabilities:
Accounts payable
$
31,572
$
32,510
Accrued payroll and payroll related
liabilities
34,727
32,584
Unearned revenue
37,986
54,214
Current portion of operating lease
liabilities
48,297
48,842
Current portion of long-term debt
2,000
9,692
Accrued liabilities and other
47,514
45,458
Total current liabilities
202,096
223,300
Long-term debt
192,426
167,263
Long-term portion of operating lease
liabilities
420,648
435,136
Other non-current liabilities
14,509
26,325
Total liabilities
829,679
852,024
Stockholders' Equity:
Common stock; $0.001 par value: 45,000
shares authorized; 20,449 shares issued; 15,786 and 15,722 shares
outstanding as of April 17, 2022 and December 26, 2021
20
20
Preferred stock, $0.001 par value: 3,000
shares authorized; no shares issued and outstanding as of April 17,
2022 and December 26, 2021
—
—
Treasury stock, 4,663 and 4,727 shares, at
cost as of April 17, 2022 and December 26, 2021
(190,022
)
(192,803
)
Paid-in capital
242,756
242,560
Accumulated other comprehensive income
(loss), net of tax
12
1
Retained earnings
24,091
27,196
Total stockholders' equity
76,857
76,974
Total liabilities and stockholders'
equity
$
906,536
$
928,998
Schedule I
Reconciliation of Non-GAAP Results to GAAP
Results (In thousands, except per share data,
unaudited)
In addition to the results provided in accordance with Generally
Accepted Accounting Principles ("GAAP") throughout this press
release, the Company has provided Adjusted net loss, Adjusted loss
per share - basic, and Adjusted loss per share - diluted, which are
non-GAAP measurements which present the sixteen weeks ended April
17, 2022 and April 18, 2021 Net loss and basic and diluted loss per
share, excluding the effects of material changes in accounting
estimate, restaurant asset impairment, write-off of unamortized
debt issuance costs, litigation contingencies, restaurant closure
costs, other financing costs, COVID-19 related costs, board and
stockholder matters costs, and related income tax effects. The
Company believes the presentation of net loss and loss per share
exclusive of the identified items gives the reader additional
insight into the ongoing operational results of the Company.
Management believes this supplemental information will assist with
comparisons of past and future financial results against the
present financial results presented herein. Income tax effect of
reconciling items was calculated based on the change in the total
tax provision calculation after adjusting for the identified item.
The non-GAAP measurements are intended to supplement the
presentation of the Company’s financial results in accordance with
GAAP.
Sixteen Weeks Ended
April 17, 2022
April 18, 2021
Net loss as reported
$
(3,105
)
$
(8,713
)
Change in estimate, gift card breakage
revenue, net of commissions(1)
(5,246
)
Restaurant asset impairment
2,122
1,242
Write-off of unamortized debt issuance
costs(2)
1,727
—
Litigation contingencies
1,720
1,085
Restaurant closure costs
949
2,447
Other financing costs(3)
309
—
COVID-19 related costs
207
569
Board and stockholder matter costs
—
128
Income tax effect
(465
)
(1,422
)
Adjusted net loss
$
(1,782
)
$
(4,664
)
Loss per share - basic:
Net loss as reported
$
(0.20
)
$
(0.56
)
Change in estimate, gift card breakage
revenue, net of commissions(1)
(0.33
)
—
Restaurant asset impairment
0.13
0.08
Write-off of unamortized debt issuance
costs(2)
0.11
—
Litigation contingencies
0.11
0.07
Restaurant closure costs
0.06
0.16
Other financing costs(3)
0.02
—
COVID-19 related costs
0.01
0.03
Board and stockholder matter costs
—
0.01
Income tax effect
(0.03
)
(0.09
)
Adjusted loss per share - basic
$
(0.12
)
$
(0.30
)
Loss per share - diluted:
Net loss as reported
$
(0.20
)
$
(0.56
)
Change in estimate, gift card breakage
revenue, net of commissions(1)
(0.33
)
—
Restaurant asset impairment
0.13
0.08
Write-off of unamortized debt issuance
costs(2)
0.11
—
Litigation contingencies
0.11
0.07
Restaurant closure costs
0.06
0.16
Other financing costs(3)
0.02
—
COVID-19 related costs
0.01
0.03
Board and stockholder matter costs
—
0.01
Income tax effect
(0.03
)
(0.09
)
Adjusted loss per share - diluted
$
(0.12
)
$
(0.30
)
Weighted average shares outstanding
Basic
15,748
15,579
Diluted
15,748
15,579
(1)
Change in estimate, gift card gift card
breakage revenue, net of commission relates to the Company's
re-evaluation of its estimated redemption pattern. The impact
comprises $5.9 million included in Franchise royalties, fees, and
other revenue partially offset by $0.6 million in gift card
commission costs included in Selling on the Condensed Consolidated
Statements of Operations.
(2)
Write-off of unamortized debt issuance
costs related to the remaining unamortized debt issuance costs
related to our legacy credit agreement with the completion of the
refinancing of our Credit Agreement in the first quarter of fiscal
year 2022.
(3)
Other financing costs includes legal and
other charges related to the refinancing of our Credit Agreement in
the first quarter of fiscal year 2022.
Schedule II
Reconciliation of Non-GAAP Restaurant-Level
Operating Profit to Restaurant revenues, Loss from
Operations and Net Loss (In thousands, unaudited)
The Company believes restaurant-level operating profit is an
important measure for management and investors because it is widely
regarded in the restaurant industry as a useful metric by which to
evaluate restaurant-level operating efficiency and performance. The
Company defines restaurant-level operating profit to be restaurant
revenue minus restaurant-level operating costs, excluding
restaurant impairment and closure costs. The measure includes
restaurant-level occupancy costs that include fixed rents,
percentage rents, common area maintenance charges, real estate and
personal property taxes, general liability insurance, and other
property costs, but excludes depreciation related to restaurant
equipment, buildings, and leasehold improvements. The measure
excludes depreciation and amortization expense, substantially all
of which is related to restaurant-level assets, because such
expenses represent historical sunk costs which do not reflect
current cash outlay for the restaurants. The measure also excludes
selling, general, and administrative costs, and therefore excludes
costs associated with selling, general, and administrative
functions, and pre-opening costs. The Company excludes restaurant
closure costs as they do not represent a component of the
efficiency of continuing operations. Restaurant impairment costs
are excluded, because, similar to depreciation and amortization,
they represent a non-cash charge for the Company's investment in
its restaurants and not a component of the efficiency of restaurant
operations. Restaurant-level operating profit is not a measurement
determined in accordance with GAAP and should not be considered in
isolation, or as an alternative, to loss from operations or net
loss as indicators of financial performance. Restaurant-level
operating profit as presented may not be comparable to other
similarly titled measures of other companies in the Company's
industry. The table below sets forth certain unaudited information
for the sixteen weeks ended April 17, 2022, and April 18, 2021
expressed as a percentage of total revenues, except for the
components of restaurant-level operating profit that are expressed
as a percentage of restaurant revenue.
Sixteen Weeks Ended
April 17, 2022
April 18, 2021
Restaurant revenues
$
380,612
96.2
%
$
318,677
97.7
%
Restaurant operating costs(1):
Cost of sales
90,941
23.9
69,166
21.7
Labor
138,108
36.3
111,659
35.0
Other operating
67,864
17.8
57,712
18.1
Occupancy
30,599
8.0
30,100
9.4
Restaurant-level operating profit
53,100
14.0
%
50,040
15.7
%
Add – Franchise royalties, fees, and other
revenue
14,938
3.8
%
7,598
2.3
%
Deduct – other operating:
Depreciation and amortization
23,919
6.0
25,888
7.9
General and administrative expenses
25,043
6.3
22,255
6.8
Selling
9,337
2.4
8,355
2.6
Pre-opening & acquisition costs
62
—
—
—
Other charges
5,307
1.3
5,471
1.7
Total other operating
63,668
16.1
%
61,969
19.0
%
Loss from operations
4,370
1.1
%
(4,331
)
(1.3
)%
Interest expense, net and other
7,413
1.9
4,330
1.3
Income tax provision
62
—
52
—
Total other
7,475
1.9
4,382
1.3
Net loss
$
(3,105
)
(0.8
)%
$
(8,713
)
(2.7
)%
________________________________________
(1)
Excluding depreciation and amortization,
which is shown separately.
Certain percentage amounts in the table
above do not total due to rounding as well as the fact that
components of restaurant-level operating profit are expressed as a
percentage of restaurant revenue and not total revenues.
Schedule III
Reconciliation of Net Loss to EBITDA and
Adjusted EBITDA (In thousands, unaudited)
The Company defines EBITDA as net loss before interest expense,
income taxes, and depreciation and amortization. EBITDA and
adjusted EBITDA are presented because the Company believes
investors' understanding of its performance is enhanced by
including these non-GAAP financial measures as a reasonable basis
for evaluating its ongoing results of operations excluding the
effects of material change in estimate, asset impairment,
litigation contingencies, board and stockholder matters costs,
restaurant closure and refranchising costs, other financing costs,
and COVID-19 related costs. EBITDA and adjusted EBITDA are
supplemental measures of operating performance that do not
represent and should not be considered as alternatives to net loss
or cash flow from operations, as determined by GAAP, and the
Company's calculation thereof may not be comparable to that
reported by other companies in its industry or otherwise. Adjusted
EBITDA further adjusts EBITDA to reflect the additions and
eliminations shown in the table below. The use of adjusted EBITDA
as a performance measure permits a comparative assessment of our
operating performance relative to the Company's performance based
on its GAAP results, while isolating the effects of some items that
vary from period to period without any correlation to core
operating performance. Adjusted EBITDA as presented may not be
comparable to other similarly-titled measures of other companies,
and the Company's presentation of adjusted EBITDA should not be
construed as an inference that its future results will be
unaffected by excluded or unusual items. The Company has not
provided a reconciliation of its adjusted EBITDA outlook to the
most comparable GAAP measure of Net loss. Providing Net loss
guidance is potentially misleading and not practical given the
difficulty of projecting event-driven transactional and other
non-core operating items that are included in Net loss, including
asset impairments and income tax valuation adjustments. The
reconciliations of adjusted EBITDA to Net loss for the historical
periods presented below are indicative of the reconciliations that
will be prepared upon completion of the periods covered by the
non-GAAP guidance.
Sixteen Weeks Ended
April 17, 2022
April 18, 2021
Net loss as reported
$
(3,105
)
$
(8,713
)
Interest expense, net
7,089
4,677
Income tax benefit
62
52
Depreciation and amortization
23,918
25,888
EBITDA
$
27,964
$
21,904
Change in accounting estimate, gift card
breakage(1)
$
(5,246
)
$
—
Asset impairment
2,122
1,242
Litigation contingencies
1,720
1,085
Restaurant closure costs
949
2,447
Other financing costs(2)
309
—
COVID-19 related costs
207
569
Board and stockholder matter costs
—
128
Adjusted EBITDA
$
28,025
$
27,375
________________________________________
(1)
Change in estimate, gift card gift card
breakage revenue, net of commission relates to the Company's
re-evaluation of its estimated redemption pattern. The impact
comprises $5.9 million included in Franchise royalties, fees, and
other revenue partially offset by $0.6 million in gift card
commission costs included in Selling on the Condensed Consolidated
Statements of Operations.
(2)
Other financing costs includes legal and
other charges related to the refinancing of our Credit Facility in
the first quarter of fiscal year 2022.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220526005686/en/
For media relations questions contact:
Joanna Kaufman, Red Robin Gourmet Burgers, Inc.
jkaufman@redrobin.com (410) 458-2308
For investor relations questions contact:
Raphael Gross, ICR (203) 682-8253
Red Robin Gourmet Burgers (NASDAQ:RRGB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Red Robin Gourmet Burgers (NASDAQ:RRGB)
Historical Stock Chart
From Jul 2023 to Jul 2024