California (Thechieftainspear) – Red Robin is assessing the future of up to 70 struggling restaurants nationwide, with potential closures on the horizon as leases expire. Among the locations under review are sites in California and other key markets, according to the company’s latest earnings report.
The burger chain, famous for its bottomless fries, already shuttered one location in late 2024 due to a lease expiration. Additionally, Red Robin plans to sell three company-owned properties in early 2025, expecting to generate $5.8 million to help offset corporate expenses and reduce debt.
Also Read – Major Scandal: 30 L.A. County Officers Charged for Enabling Violent Youth Fights
Despite reporting $1.25 billion in revenue for 2024, the company experienced a $54.5 million decline from the previous year and posted a net loss of $77.5 million. However, CEO G.J. Hart remains hopeful, emphasizing ongoing efforts to enhance guest experience and drive more customer traffic to its restaurants .
- Michelle Trachtenberg’s Passing: Official Cause of Death Finally Disclosed - April 30, 2025
- 21-Year-Old Man Stabbed to Death, Juvenile Arrested in SoCal Incident - April 30, 2025
- 14-Year-Old Boy Repeatedly Hit by Deputy in Southern California - April 30, 2025