Red Robin Reports Q2 2026 Earnings with Revenue Decline and Refranchising Proceeds
Red Robin (RRGB) reported second-quarter earnings for fiscal year 2026, showing total revenues of $277.6 million, a decrease from the prior year due to restaurant closures. Comparable restaurant revenue rose by 1.3%, driven primarily by an increase in average guest check despite flat traffic and slight declines in mix and discounts. The company reported net income of $400,000 or $0.02 per diluted share for Q2 2026 compared to $4 million the previous year. Adjusted EBITDA fell from $22.4 million to $18.9 million due in part to increased marketing investment supporting its Big Yummm value platform. Red Robin also announced refranchising agreements expected to generate $96 million in proceeds, which will be used for debt reduction. Despite challenges such as inflationary pressures on beef and tougher year-over-year comparisons, the company maintained full-year guidance with a projected comp revenue growth of 0.5%–1.5%. Management emphasized progress from its First Choice plan through improved traffic trends and operational efficiencies.
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