(Gray News) – Red Robin could be closing roughly 70 locations nationwide as it battles financial losses.
According to a press release, Red Robin reported a $77.5 million net loss in 2024, a sharp increase from the $21.2 million loss in 2023.
The losses are attributed to declining revenue, rising operational costs and strategic closures.
The chain did not say which specific locations are on the chopping block.
Red Robin currently has about 500 locations in the U.S. and Canada. The company was founded in 1969 in Seattle.
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