Red Robin burger chain may close 70 ‘underperforming' restaurants, joins list brands seeking to reduce footprint
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Red Robin Gourmet Burgers plans to close up to 70 underperforming restaurants, which is about 14% of its total locations. This move is part of a strategy to reduce its footprint and improve overall performance.
March 03, 2025 | 2:00 pm
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Red Robin Gourmet Burgers is planning to close up to 70 underperforming restaurants, which is about 14% of its total locations. This decision is part of a strategy to streamline operations and improve financial performance.
The closure of underperforming locations is a strategic move to cut losses and potentially improve the company's financial health. This could lead to a positive short-term impact on the stock price as investors may view it as a step towards better profitability.
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