COLUMBUS, Ohio (WCMH) – Red Robin is considering closing 70 underperforming locations across the country, leaving the door open for Ohio restaurants to shut down.
In the restaurant chain’s quarterly earnings report, Red Robin executives said they are “evaluating alternatives for approximately 70 underperforming restaurant locations” upon the expiration of their current leases.
The chain shuttered one restaurant following a lease expiration in the fourth quarter of 2024. The company stated the anticipated closures will help repay debt and provide money that can be reinvested in the brand.
In 2024, Red Robin’s total revenue sat at $1.25 billion, down by $54.5 million compared with the previous fiscal year. The company reported a net loss of $77.5 million in 2024 and a net loss of $21.2 million in 2023.
“While financial results for 2024 fell well below our original expectations, we’ve made substantial improvements to the guest experience and believe we still have a significant opportunity ahead of us to reach the full potential of our iconic brand,” said G.J. Hart, president and CEO.
While Red Robin executives did not share what specific restaurants may close, they did share an expected timeline. Most of the underperforming locations are expected to close over the next five years as their leases expire, and the company is anticipating the closure of 10 to 15 restaurants this year, according to Hart.
Central Ohio is home to five Red Robin locations that may be at risk of closure, including:
- Polaris: 1021 Gemini Place
- Easton: 3977 Morse Crossing
- Grove City: 1635 Stringtown Road
- Hilliard: 1865 Hilliard-Rome Road
- Pickerington: 1720 Hill Road N.
The state in total has 19 Red Robins, according to the company’s website. Establishments beyond central Ohio include:
- Avon: 35858 Detroit Road
- Beavercreek: 2671 Fairfield Commons
- Canton: 6522 Strip Ave. NW.
- Dayton: 6404 Miller Lane
- Fairview Park: 3190 W. 210th St.
- Independence: 6750 Rockside Road
- Mason: 5013 Bowen Dr.
- Maumee: 3100 Main St.
- Milford: 45 Rivers Edge Dr.
- North Olmstead: 4949 Great Northern Blvd.
- Rossford: 9854 Olde U.S. 20
- Toledo: 4850 Monroe St.
- West Chester: 9434 Civic Center Blvd.
- Willoughby: 36565 Euclid Ave.
Red Robin, known for its burgers and bottomless steak fries, first opened in Seattle in 1969 and currently has nearly 500 restaurants across the United States and British Columbia, Canada.
The chain has restaurants in all but five U.S. states, including North Dakota, Wyoming, Mississippi, West Virginia, Vermont and Hawaii. More than 80% of Red Robin locations are company-owned, and the remaining are franchises.
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