Red Robin Q2 2026: Net Income $0.4M, Refranchising 116 Restaurants for $96M
RRGB has more than doubled off its 52-week low of $2.455.
Summary
Red Robin reported Q2 2026 net income of $0.4M and detailed $96M in pending refranchising deals for 116 restaurants, plus a new CTO employment agreement.
Key Events · Earnings and Guidance · RRGB
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Q2 2026 Net Income $0.4M
Net income of $0.4 million for the twelve weeks ended July 12, 2026, compared to $4.0 million in the prior year. Adjusted EBITDA was $18.9 million, down 16% year-over-year.
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Refranchising 116 Restaurants for $96M
Three pending asset purchase agreements to sell 116 company-owned restaurants for aggregate consideration of $96.0 million. $53.8 million of assets classified as held for sale as of July 12, 2026.
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New Chief Transformation Officer
Employment agreement with John McLaughlin as Chief Transformation Officer, effective June 1, 2026, with annual base salary of $360,000 and target bonus of 60% of base salary.
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ATM Program Terminated
The $40 million at-the-market equity offering program was voluntarily terminated on February 23, 2026, with no shares issued or sold.
Analysis · RRGB · Trade & Services
The Q2 2026 10-Q confirms the earnings beat reported earlier today, with net income of $0.4 million and adjusted EBITDA of $18.9 million. The filing adds material detail on the company's refranchising strategy: three pending asset purchase agreements to sell 116 company-owned restaurants for $96 million, with $53.8 million of assets already classified as held for sale. This is a major shift toward an asset-light model that will reduce revenue but improve liquidity and debt repayment capacity. The company also disclosed a new Chief Transformation Officer employment agreement, signaling continued executive restructuring.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 29% of the 1635 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RRGB was trading at $8.31 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $151M. The 52-week trading range was $2.46 to $8.49. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.