This beloved burger chain could close its doors for good
The numbers do not seem too promising ...
There is no denying thatRestaurants are in trouble After closing thecoronavirus pandemicand recently because of somestrict fireproof. Even the restaurants of the chain have trouble, likeT.G.I. Friday closes 70 locations around the country, as well as many morePopular channels. And while the country begins to slowly brush the dust and opening their doors,It seems that another popular burger chain has trouble followingand it'sRed robin.
According to a recent filing of titles and trade commissions, Red Robin had revealed the need to increase share capital, but it is in doubt that the Company will be able to respond to their financial obligations on the date of their own. date of issue. They admit that financial difficulties are due to closure due to COVID-19. Currently, Red Robin has temporarily closed 35 restaurants, according toRestaurant BusinessAnd continues to operate a limited take-out and delivery service in their other 414 operational locations.
While having a good piece of Robin Red Open for Takeout's restaurants seems promising, the sales figures are quite dark. When comparing one year to the other during the week of May 24, Red Robin reported a decrease in sales of 47.1%, about $ 30,751 per store. Even the 158 restaurants capable of partially reopening their doors always have a decline in sales of 31.9% year-over-year.
How Red Robin fights to stay open
The numbers are significantly, but Red Robin does not fall without a good fight. They are trying some new ways to increase the business of their clients after a steep decrease in March and April sales.
The first is theirTotal guest experience, a new hospitality service model they plan to incorporate red Robin locations slowly begin to open. While the announcement of this is promising, there has not been a lot of information on what it will look like in these country's restaurants.
Red Robin is also one of the many channels that cut their menu at the moment, similar to howMcDonald's has cut menu items During the pandemic, in order to correctly reflect what employees could handle during this period.
The company also announced that they ceased to pay a full rent for the company's restaurant, as well as the chain seat building.
Although these changes are small, it may be useful for the business to continue in activity. They are considering delaying the publication of their last sales report for the first quarter. For the moment, you can support Red Robin by ordering your favorite burger tonight.
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