As the revenue numbers from Q4 of 2024 start to roll in and get analyzed, Red Robin, the fast-casual chain known for its burgers, has revealed that some locations are not doing so well.
The Takeout is reporting that on Red Robin’s call with shareholders — discussing future plans, as well as the chain’s 2024 performance — executives revealed that they could be closing around 70 locations in the very near future.
According to USA Today, the chain will look into which 70 locations to shutter over the next few years, but will be closing 10-15 locations in 2025 for sure.
While this is unexpected for the brand, it is kind of expected in the economic climate we are currently in. Restaurants across America have had to slim down their operations, and even close locations in an effort to streamline and save whatever revenue they can.
Red Robin made $54.5 million less in revenue in 2024 compared to 2023, and the company ended 2024 with a net loss of $77.5 million, compared to a loss of just $21.2 million in 2023.
Red Robin’s CEO, G.J. Hart, has tried to assist in the brand’s comeback in the past few years, but numbers don’t lie — that comeback is awaiting liftoff but running out of runway.
As far as which 70 locations will be getting the axe? That is yet to be determined.
Of all of the side hustles country artists could partake in, opening a bar or restaurant is the most fitting — and very common. After all, many of these stars got their start on a barstool, tip jar nearby, playing their music for anyone who would listen.
These places feel like home for many of these singers. Over the years, several artists have gotten into the bar or restaurant game, and for a select few, brands have turned into franchises with several locations and/or concepts — we’re looking at you, Jimmy Buffett!
Let’s take a look at the country star food and entertainment venues that have opened over the years.
Gallery Credit: Jess
These country singers had so much more to give. See 40 country singers who died much too soon: Keith Whitley, Mindy McCready, Troy Gentry and more.
Gallery Credit: Billy Dukes