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ENGLEWOOD, Colo. - Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), the $112 million market cap restaurant chain whose stock has surged over 15% year-to-date according to InvestingPro, introduced a new value meal offering on Tuesday, featuring a double patty burger, unlimited sides and bottomless beverages for $9.99.
The "Big Yummm Burger Deal" includes a Red’s Double Tavern Burger with two smashed patties, American cheese, lettuce, tomato and the company’s signature sauce on a sesame bun. Customers can select from five bottomless side options including steak fries or salad, along with unlimited refills of soda, lemonade or iced tea.
The promotion is available for dine-in customers at participating locations nationwide starting this week. Guests can upgrade their meals with premium sides or add-ons for an additional charge.
"Today’s diners want great food and a great dining experience without having to dive deep into their pockets," said Dave Pace, president and CEO of Red Robin, in a press release statement.
The company positions the offer as a competitive alternative to quick-service restaurant pricing while providing a full-service dining experience. The deal represents Red Robin’s latest effort to attract value-conscious consumers in the casual dining segment.
Red Robin operates nearly 500 locations across the United States and Canada, including franchised restaurants. The $9.99 promotion requires customers to specifically request the Big Yummm Burger Deal when ordering and cannot be combined with other offers.
In other recent news, Red Robin Gourmet Burgers Inc. reported its first-quarter 2025 earnings, surprising analysts with an earnings per share (EPS) of $0.19, significantly exceeding the anticipated loss of $0.39. The company’s revenue reached $392.4 million, slightly under the expected $395.4 million, but still demonstrating robust performance. Red Robin’s restaurant-level operating margin was 14.3%, surpassing the consensus forecast of 11.7%, marking the highest quarterly result in the past eight quarters. Additionally, Red Robin unveiled its "First Choice" strategic plan aimed at enhancing long-term shareholder value. The plan includes initiatives to strengthen the balance sheet, improve marketing, and invest in facilities and technology. Despite a projected 4% decline in second-quarter comparable restaurant sales, the company expects Adjusted EBITDA to exceed previous expectations. Benchmark has reiterated its Buy rating and $12.00 price target for Red Robin, reflecting confidence in the company’s strategic direction. The "First Choice" plan is expected to drive sustainable guest count growth and increase profitability.
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