Red Robin Q1 2025: Gourmet Gains, Starving for Foot Traffic
Red Robin’s Q1 2025 Earnings: Grilling Profits, Cooling Traffic

Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) served up a juicy Q1 2025 earnings report that had investors licking their chops, with a stock surge of +60.70% reflecting the market’s enthusiasm. The casual dining chain dished out strong financials, but not without a few cold fries on the plate. Let’s sink our teeth into the highlights from the May 29, 2025, earnings call and see what’s cooking for the rest of the year.
Positive Bites: Profit Margins and Loyalty Shine
Red Robin’s Q1 results were a feast for shareholders. The company reported a 3.1% increase in comparable restaurant revenue, fueled by a 6.8% hike in net menu prices. The real star of the show? A 14.3% restaurant-level operating profit margin, up a whopping 330 basis points from last year, proving Red Robin knows how to keep costs in check while grilling up profits.
The revamped Red Robin Royalty Program is another winner, boasting 15.3 million members and driving engagement with 22% of visits from lapsed users and 20% from new guests. This loyalty boost is seasoning the company’s growth strategy with promise. Meanwhile, adjusted EBITDA soared to $27.9 million, a $14.5 million jump from last year, thanks to cost efficiencies and those savvy price increases.
Oh, and let’s not forget the balance sheet cleanup—Red Robin trimmed $17.8 million in debt using free cash flow and property monetization. Talk about a lean, mean burger machine!
