Positive Financial Performance in Q1 2025
Total revenues increased to $392.4 million from $388.5 million in Q1 2024, and restaurant level operating profit as a percentage of restaurant revenue increased by 330 basis points to 14.3%.
Growth in Loyalty Program
The revamped Red Robin loyalty program spurred membership growth to approximately 15.3 million members by the end of Q1 2025.
Adjusted EBITDA Increase
Adjusted EBITDA increased by $14.5 million to $27.9 million in Q1 2025 compared to the same period in 2024, driven by cost efficiency gains and menu price increases.
Debt Reduction
The company repaid approximately $17.8 million of debt in Q1 2025, reducing the outstanding principal balance to $171.7 million.
Operational Improvements
Significant improvements in labor cost efficiency and guest satisfaction scores were reported, showing positive responses from guests to operational changes.