Red Robin considers closing 70 locations amid financial woes
The Bar Rescue host Jon Taffer weighs restaurants to collect bankruptcy, and his show is renovated for its tenth season.
Red Robin is the latest in the growing number of fast food dishes that plans Therapist places of the lid Following a shanal of financial difficulties.
The chain announced on Wednesday weighs 70 places if their lease expires because he tries to turn his actions. The company has already closed one location in the fourth quarter of 2024 and has 32.4 million dollar damage, “reviews of individual modern restaurants.”
The company plans to sell three properties during the first fiscal quarter.
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Meanwhile, the original financial results of the financial results of 2024 have “fell well” company, General Director G. Hart said that the company was “significant improvements for guests’ experience” to try and carry out traffic to its restaurants.
Red Robin Restaurant in Tro. The chain has more than 500 places in America. (/ fund)
Last week, the Hart said to analysts that the company saw 600 main points in traffic trends in the first quarter of the year.
But “before our improvement has been significant, we have not yet reached the potential of our illustrated brand and expect that in 2025 he improved the upcoming traffic,” he continued.
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Red Robin’s story is not unique. There has been a digital number of restaurants that are fighting for too much debt during the epidemic.
The industry was expected to expend to consumers in restaurants, return to pre-alarm levels when things return to normal. But Fast service sector Standing back quarters in the back quarters slow traffic, as inflation-cautious consumers continued to eat more often at home.
California San Jose Red Robin Restaurant. (Nicolas McComber / Getty Images)
Some companies such as TGI’s Friday, Rubio, Ruby Tuesday, Rubio’s Coastal Grill and Red Omster, have applied to bankruptcy court. However, others, including those who did not apply to bankruptcy protection, significantly reduced their trace to position themselves better in the current environment.
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For example, Wendy announced in November that it was 140 Underground Installation Places By the end of 2024, as it improves its “restaurant footprint and the health of the overall system.”
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