Red Robin is moving ahead with restructuring efforts that are targeted at enhancing its overall business. The company has already initiated planned closures and locked in several refranchising agreements to transfer company-owned restaurants to franchise operators.
Red Robin Continues Portfolio Optimization Through Closures
Red Robin is undertaking a major restructuring effort to strengthen its business. The casual dining chain is gearing up to reorganize its restaurant network with plans to shut down certain underperforming outlets. As part of this, the chain is also shifting around 116 company-owned restaurants into franchise ownership.
These efforts are aimed at enhancing profitability and creating better financial flexibility for the company.
Closures Are Part of its ‘First Choice Plan’…