RED ROBIN GOURMET BURGERS INC (RRGB) Form 8-K — Nov 2, 2026
Red Robin announced preliminary Q3 FY2026 comparable restaurant revenue growth of 3.9%, outperforming the casual dining industry, driven by a 5.6% increase in average guest check despite a 1.7% decline in guest traffic. The company completed the refranchising of 108 company-owned restaurants across three transactions, generating approximately $89.4 million in cash proceeds, and refinanced its secured credit facility with a new five-year $115 million agreement ($90M term loan, $25M revolver) at SOFR plus 325 bps initially.
Key figures
- Guidance
- Updated guidance outlook to be provided under a more franchised ownership model on November 18, 2026
- Debt Amount
- 115000000
- Revenue Yoy
- +3.9% comparable restaurant revenue for the twelve weeks ended October 4, 2026
- Interest Rate
- SOFR plus 325 bps initial (275-350 bps range, no SOFR floor)
- Maturity Date
- five-year credit agreement (October 2, 2026)
- Term loan
- $90 million
- Guest traffic q3
- -1.7%
- Nt 10q extension
- five calendar days under Rule 12b-25
- Avg guest check q3
- +5.6%
- Revolving credit line
- $25 million
- Refranchising proceeds
- $89.4 million aggregate cash proceeds
- Restaurants refranchised
- 108
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