Beloved burger chain sells more locations in restructuring push (opens original article in a new tab)

Red Robin is selling 86 restaurants to franchise operators for $72.5 million as part of a restructuring plan to improve financial stability and reduce debt.

• Red Robin is selling 86 company-owned restaurants to franchise operators for $72.5 million as part of its turnaround plan.
• The sales, expected to close in mid-2026, aim to strengthen financial stability, reduce debt, and support refinancing.
• Red Robin plans to have 65% of locations company-owned after the deals, with 206 franchised and 263 company-owned locations.