Richtech Robotics to open 20 more automated restaurants in Walmarts [Yahoo! Finance]
Richtech Robotics Inc. (RR)
Company Research
Source: Yahoo! Finance
Recommended Reading Dive Brief: Richtech Robotics has signed a binding letter of intent to become a franchisee of Ghost Kitchens America , the company said in a Thursday press release. With this deal, the service robotics company will expand its restaurant operations and acquire exclusive rights to operate an additional 20 Walmart-located restaurants in Arizona, Colorado and Texas. Richtech Robotics previously secured exclusive operational rights for a Walmart Ghost Kitchen location in Rockford, Illinois, and signed a franchisee agreement for a Walmart restaurant in Peachtree, Georgia, which is expected to open later this year. Dive Insight: The Walmart locations where Richtech Robotics' restaurants will operate already have strong customer traffic and sales, George Kottas, CEO of Ghost Kitchens America, said in a statement. Each of these locations is expected to generate between $700,000 and $2 million in annual revenue, according to a press release. “These high-traffi
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News
- Richtech Robotics to Showcase Latest Service Robotics Innovations at CES 2025, Featuring AI-Driven Scorpion Robot and New Delivery RobotsGlobeNewswire
- Richtech Robotics to Present at the LD Micro Main Event XVIIGlobeNewswire
- Robot-run restaurants are coming to Walmart [Yahoo! Finance]Yahoo! Finance
- Richtech Robotics expands agreement to manage 20 additional Walmart-located restaurants [Seeking Alpha]Seeking Alpha
- Richtech Robotics Expands Agreement with Ghost Kitchens to Manage 20 Additional Walmart-Located Restaurants, Growing its Restaurant Operations ModelGlobeNewswire
RR
Sec Filings
- 11/7/24 - Form S-8
- 10/31/24 - Form 8-K
- 10/31/24 - Form 4
- RR's page on the SEC website