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Stock impact report

Red Robin Is Closing 70 Restaurants—Is This The Demise Of The Brand? [Yahoo! Finance]

Red Robin Gourmet Burgers, Inc. (RRGB) 
Last red robin gourmet burgers, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.redrobin.com
Company Research Source: Yahoo! Finance
While fast food chains continue to thrive (unless you count customers complaining about continually soaring prices), sit-down restaurants are struggling. Following financial troubles at Red Lobster , closures at Boston Market, and bankruptcy news from TGI Friday's —and even Hooters —another casual dining favorite is now facing challenges. Red Robin, which rose to prominence in the late '70s and '80s and is known for its burgers and bottomless fries , recently announced plans to close approximately 70 locations. These plans took shape after a grueling increase in the chain's annual net loss—from $21.2 million in 2023 up to $77.5 million in 2024—coupled with a decrease of $54.5 million in revenue from 2023 to 2024. With these numbers in mind, t Read more
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