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Red Robin

#9467

Rank

$54.09M

Marketcap

US United States

Country

Red Robin
Leadership team

Mr. Gerard J. Hart (CEO, Director & Pres)

Ms. Darla Morse (Exec. VP & Chief Information Officer)

Mr. Jonathan A. Muhtar (Exec. VP & Chief Concept Officer)

Products/ Services
Restaurants
Number of Employees
20,000 - 50,000
Headquarters
Greenwood Village, Colorado, United States
Established
1969
Company Registration
SEC CIK number: 0001171759
Revenue
Above - 1B
Traded as
RRGB
Social Media
Overview
Location
Summary
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers and shareable pizzas; various appetizers, salads, soups, sandwiches, seafood, and other entrees; and desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers. As of December 26, 2021, it operated approximately 531 Red Robin restaurants, including 430 were company-owned and 101 were operated by franchisees in the United States and one Canadian province. Red Robin Gourmet Burgers, Inc. was founded in 1969 and is based in Greenwood Village, Colorado.
History

The original Red Robin stood at the corner of Furhman and Eastlake Avenues E. in Seattle, at the southern end of the University Bridge. This building dated from 1940 and was first called Sam's Tavern. The owner, Sam, sang in a barbershop quartet and could frequently be heard singing the song "When the Red, Red Robin ." He liked the song so much that he eventually changed the name to Sam's Red Robin.

In 1969, local Seattle restaurant entrepreneur Gerry Kingen bought and expanded the restaurant. The business dropped the "Sam's" and became Red Robin. The first restaurant was 1,200 sq ft . It was a favored hangout for University of Washington students. Kingen continued to operate the location as a tavern for a few years, but later added hamburgers to the menu, eventually giving fans 28 different burgers to choose from, and sales increased.

After ten years of building the Red Robin concept, Kingen decided to franchise it, which proved to be significant in the development of the chain. The chain drew its strength through franchising and through one franchisee in particular. Kingen's association with the company he founded later ended, but the franchising system endured, creating disciples of the gourmet burger format that extended the physical presence and geographic reach of the enterprise far beyond the efforts of its creator.

In 1979, Kingen sold Michael and Steve Snyder the rights to open a Red Robin in Yakima, Washington, and The Snyder Group Company became Red Robin's first franchisee. In 1980, Red Robin opened a restaurant in Portland, Oregon. In 1983, Red Robin adopted a mascot named Red. In 1985, Red Robin had 175 restaurants when the corporate headquarters was moved from downtown Seattle to Irvine, California after CEO Kingen sold a controlling interest in Red Robin Corp. to Skylark Corporation of Japan and where Michael Snyder had Red Robin offices. With marginal successes and poor financial performance under Skylark's management, Kingen, then a minority owner, in 1995 stepped back into Red Robin with Michael Snyder to nurse the company back to profitability. In 2000, the company opened its 150th restaurant. The headquarters was moved to the Denver Tech Center. In 2000, Red Robin merged with the Snyder Group, and Snyder became the company's president, chairman, and CEO. Snyder took the company public in 2002.

The first Red Robin in the Chicago area opened in 2001 at Woodfield Mall in Schaumburg, Illinois. Additional locations opened in Warrenville and Wheaton that year.The original Red Robin closed on March 21, 2010, due to prohibitive maintenance costs for the old building. It was demolished on August 28, 2014.As of the fiscal year 2015, the company had 538 restaurants with a revenue of US$1.25 billion. To expand their reach, Red Robin added a "simplified" line of restaurants called Red Robin's Burger Works featuring quick service and with locations in Washington, D.C., Illinois, Ohio, and Colorado. These restaurants, launched in 2011, were mostly closed in 2016; three were rebranded as Red Robin Express to differentiate them from full-service locations.On December 2, 2018, Michael Snyder died by suicide.In September 2019, Paul J.B. Murphy III was appointed president, Chief Executive Officer, and a member of the Company's Board of Directors, effective October 3, 2019.In October 2019, the company announced plans to close its five locations in Alberta, Canada, by early December.

Mission
We take great care in choosing the people who take great care of you. From our servers to our chefs to our greeters, we’re all about making sure you have a good time, every time.
Vision
We will provide craveable, innovative and evocative dishes, prepared Masterfully and served with a sense of warmth and hospitality that ensures every guest feels welcome, valued and respected.
Key Team

Mr. Michael L. Kaplan J.D. (Sec.)

Mr. Todd Wilson (Chief Financial Officer)

Ms. Sarah Mussetter (Chief Legal Officer)

Amy Woolen (VP of Marketing and Brand Management)

Mr. Michael Buchmeier (Sr. VP & COO)

Ms. Cheri L. Kinder (VP & Chief Accounting Officer)

Deena DePhillips (VP of Technology)

Recognition and Awards
Red Robin has been honored by numerous awards and recognitions, including David's and Mintel Awards, Forbes Magazine's 'Best Value in America' rankings, Nations Restaurant News' 'Consumer Pick' Award and RestaurantBusiness magazine's Poll of Restaurant Executives.
References

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Red Robin
Leadership team

Mr. Gerard J. Hart (CEO, Director & Pres)

Ms. Darla Morse (Exec. VP & Chief Information Officer)

Mr. Jonathan A. Muhtar (Exec. VP & Chief Concept Officer)

Products/ Services
Restaurants
Number of Employees
20,000 - 50,000
Headquarters
Greenwood Village, Colorado, United States
Established
1969
Company Registration
SEC CIK number: 0001171759
Revenue
Above - 1B
Traded as
RRGB
Social Media