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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) completed the sale and refranchising of 108 company-owned restaurants, generating approximately $89.4 million in gross proceeds. Eight additional restaurants are expected to close by fiscal year-end after liquor-license transfers, potentially raising the total to 116 restaurants and $96 million. The restaurants will continue operating under the Red Robin brand […]
Italian dining chains have 30 remaining locations after closing two restaurants in September 2026.
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It plans to use the proceeds to reduce outstanding debt and support refinancing priorities under its First Choice Plan.
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