AN ICONIC burger chain is threatening to close down up to 70 of its restaurant locations.
The company’s CEO also revealed the two “key priorities” it would be focusing on in 2025.
The revelation of potential mass store closures was made by Red Robin.
The company’s CEO, GJ Hart, said that 70 under-performing restaurants were being “evaluated” for closure.
He broke the news as the company released its financial results for the fourth quarter of 2025.
Revenue was down by $23.8million, and the chain suffered a net loss of almost $39.7million.
Hart said the results “fell well below our original expectations”.
However, he was pleased with the improvements that had been made to guest experience and is optimistic for 2025, he said.
In the face of poor financial results, Red Robin closed down one restaurant by not renewing the lease.
Hart said that the future of a further 70, with operating losses of $6million last year, now hangs in the balance.
The majority of the closures are expected to happen when the lease expires.
Between 10 and 15 closures are expected for 2025.
Hart also said his team would be focusing on two “key priorities”.
One is: “Bringing guests back into our restaurants for moments of connection over craveable food that only Red Robin can provide.”
The other, Hart said is: “Gaining efficiency in our operations and delivering growth in restaurant and corporate-level profitability while maintaining the the improved guest experience that we have developed over the past two years.”
If they go ahead, the closures would add further to the bloodbath iconic restaurant chains are currently experiencing.
Several have either drastically reduced their brick-and-mortar footprint or filed for bankruptcy.
Earlier this month, Denny’s confirmed that at least 150 locations nationwide would be axed by the end of 2025.
It currently operates just over 1,300, with more than half located in Arizona, California, Florida, and Texas.
The current shutdown total for the chain is about 180 since 2024, so it’s already passed its target goal by 30 restaurants just two months into the year.
CFO Robert Verostek noted on a recent earnings call that the closed or closing Denny’s spots were underperforming and had been open for well-over three decades.
Taking away those longtime locations would make way for more money to be put into updates and remodeling, according to the CFO.
GettyBetween 10 and 15 Red Robin closures are expected in 2025[/caption] Read More Details
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