Red Robin announces 'First Choice' plan; Q2 comps down ~4%, EBITDA guidance raised

RED ROBIN GOURMET BURGERS INC

Five-pillar strategic plan: Hold Serve, Drive Traffic, Find Money, Fix Restaurants, Win Together.
Q2 comparable restaurant sales expected to decrease ~4%, vs prior expectation of ~3% decline.
Q2 Adjusted EBITDA now expected to exceed prior guidance of $13-16M.
First half 2025 Adjusted EBITDA already surpassing full-year 2024 results.
Full Q2 results scheduled for mid-August; investor call July 15 at 8:30 AM ET.

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