RRGB - Earnings call transcript Q2 2022 | Red Robin Gourmet Burgers, Inc.

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Operator

Good afternoon, everyone. And welcome to the Red Robin Gourmet Burgers Incorporated Second Quarter 2022 Earnings Call. Please note that today's call is being recorded.

During today's conference call, management will be making forward-looking statements about the company's business outlook and expectations. These forward-looking statements and all other statements that are not historical facts may reflect management's beliefs and predictions as of today, and therefore, are subject to risks and uncertainties as described in the Safe Harbor discussion found in the company's SEC filings.

management discuss call, financial conference today's will non-GAAP also measures. During measure in measures intended Generally alternative operating are non-GAAP be accordance that to the may performance not an are These but prepared with useful. company's Principles Accepted illustrate of Accounting of to the non-GAAP measures comparable most release. earnings measures in found be the financial reconciliation directly GAAP A can The its website on company earnings XXXX release has posted quarter its ir.redrobin.com. fiscal second at Mr. turn the call to I CEO, would to like Red over Robin's Murphy. Paul Thank you, sir. go Please ahead.

Paul Murphy

us. With our will joining update here to today After Hello. provide results Schweinfurth, for Thank initiatives, commentary review an me is Lynn second revisions quarter our business in Chief I financial Lynn you fiscal on our and Officer. detail, outlook. Financial our some on along some general the with

have when increasingly outperformance time consumer We relative traffic this our compelling a are Bottomless by segment. and our and attribute launched we including recession, trends value, signature sides approach it June. Deal, value promotions relates headlines same markets, in dine-in everyday inflation the been the promotions, include outperforming has we peers drinks. to Meal Still, traffic we the our $XX which offers our as Gourmet become more generous that trending and likelihood casual innovative, to and negative, portions downward. priced, evaluate late casual high-low including higher complemented prices, of to These in to limited strategic general are the affordable confidence, and As sales dine-in

are us operational declining to guests. our dine-in we execution, to our basics better and to satisfaction off-premises enabling guest serve which are attribute both and Our improved turnover, staffing which for back scores improving,

our two helping were Our to ways or even possible business digital that platforms ago. just a year are in also not simply support

our increased XXXX. versus have marketing We

However, we below XXXX remain still levels.

notifications. automated cost targeted push it's of levels mainly guest marketing through segmentation, more is therefore, and offers effective. engagement Our and And digital, and record driving

the of current Red and supporting value also moments while family are conveying offer is demographic. for multi-generational and across diverse connection message, and limited We making time Robin friends about that all a

done with for While have than unknowns backdrop. growing expound the commodities in at weather commodities biggest we of they demand a remainder level result of topics these are her anticipated. season macroeconomic had so of the will The the will conditions plateaued, remarks. as higher whether the and fall Lynn about both grain a in general have

rose restaurant sales compared and for Now X.X% let's Comparable the to XXXX. trends. discuss to XXXX briefly X.X% recent and revenue rose current compared fiscal quarter second

ending rose third August made continued when they frequency provide sales. higher we employer to XXXX. our compared the our guest that experience app of retaining have and have within first with staffed, For in comparable Xth and in-turn and engagement, our period In guests period know and to team into members. X, X.X% restaurant appropriately preliminary quarter, be revenue we rose and throughput, greater to X.X% our XXXX driving we choice prioritized The which industry, efforts progress deserve. hiring to hiring quality This is the satisfaction member greater compared our QX. fiscal inflow, higher higher in Because leads ultimately we retention team the that

members XX% improvement to further XX%. at restaurant which the at on we team improved be three And driven essentially of big of conversations these However, fully progress periods. members, by can are goal of focused to overall connection target key things from correlated. at picture, last with have our highly action Starting similar getting end plan to only end to the we we to QX, because staffing on execution. also being to refine few continued staffed to with position, our address trailing with and the of our help quality staffing is XX% QX In quarter, experience, areas. leaders still a were the GM restaurant not and provide to between improved have the lead basics When only back our a and team hourly for This there is two significantly training the great work to more levels run focus improve a team comparing shifts, but over done. turnover our member

higher far including to which optimizing seek process. and items guest We in the are these two the refine ongoing way while improve. at of satisfaction, the competitive combination lead and local experience, further also to more flexibility, is implementation the HotSchedules understand, of will offering wages We greater we an platform, job level scheduling the conversation believe as

terms menu record The value focus, Red and for strategy premium offers. messaging our Royalty efforts incremental limited successful higher fresh frequency visits. have depth promotional and and the of breadth high-low guests drive our exciting our These priced value levels the higher attachment. compelling, driving LTOs of engagement In of Robin we broadened made and and components through include keeping of more time members, PPA, our and to margin our

Sunset quarter, featured barbecue third consecutive Whiskey to Burger, Cocktail. promotion This hit levels. the During River Brisket we Smokehouse sales menu Pineapple Upside-Down Milkshake Backyard our Cake included and LTO is second lineup, the which record Tequila our

saying and new our steakhouse Loaded newest alcoholic LTO guests Fries, steakhouse Baked mid-July Our a Savory to two include Burger, and innovative success Potato have unique, a flavors that summer menu, restaurants in Spice our recent the choices Yum! developing continues Items beverage with Steakhouse Milkshake. items brings launched of Pumpkin

our and Box media our also with and time steak are on again. to a terms premium a value value In to includes sales families Bottomless Bottomless and of brand Intelligence measured guests as deal are and late June, dining by their burger, introduced This versus is attracting these $XX to out Gourmet offers select a Deal, traffic peers addition beverage limited compelling In friends Black driving Meal value a net gourmet we perception fries, we in channels. enjoy that sentiment strengthening outperformance which promoting and other from LTOs, social menu. their

Hour day to system around the a such also that specific testing in our Happy out as We other parts, few of majority weeks. roll programs value will are

also levels, specials above We lunch our plans businesses weeks. meet and are resuming ready in as their XXXX of as be occasions, coming we ahead the testing to needs. Catering well will are larger and

ahead. the in to We the continue sales which way on continue in a in to lean believe we can grow years channel, meaningful

to Turning and profitable foundation, to to growth multiple premises designed continuing consistent hone are and off platforms we our growth. drive dine-in

pizza, continues that Donatos product about exceed our talk first to expectations. a Let's

X restaurants the is or more points. the dine-in, Sales XXXX. increased pizza in marketing the year, itself, first revenues mix implemented The X.X X% added outperformed and supply restaurant the support serving without approximately approximately remaining approximately same with well for as off-premises. sales during we terms XX% are in serving rollout over for we a versus which plus with will sales quarter. We course the at than a XX% XXXX chain Donatos were XXXX, and quarter, $X.X of second quarter, our issues. was percentage There the be particularly declining Donatos ahead shared be there Donatos of Restaurants restaurants of percentage million of increase second encouraged quarter in were by This incremental restaurants beginning generated XX XXX Donatos by sequential the of complete will points schedule. when the measurement in approximately of comparable the we restaurants XXX Donatos

By pizza include than annual guest pizza. Donatos at $XX $XX that company least than checks profitability that include higher at on of pizza those do sales million. are Additionally, XXXX, of $XX Donatos the generate and not of we million expect average more end least to

a experience, for app, enhanced Our our loyalty program, an a integrated key driving traffic, and and brand, and new seamless represents which digital ecosystem, strategy is and check. mobile frequency, website includes

up representing XXX,XXX from are off-premises sales our standing end guests. increased support are at our also digital of the quarter. by XXX,XXX in app as both of quarter, continues are and Notably, membership over in channels the the the Red integration than It end into of majority and our business, first now conversion We well. become of vast we website more our marketing our Royalty drive XX% grow. generating of as Off-premises app The leveraging off-premises currently added downloads, with of have bolstered QX. Royalty technology to quarter. total improved to our online at as XX.X platform has is experience frequency. the of communication And second Robin ordering app million

improved upon purchase has and segmentation history. loyalty messaging personalized seeing This the features automated based marketing. record target levels are driven engagement We and by of in

notifications. conducting via We campaigns are engagement beginning elevated also to drive and push smarter

notifications push making recently are Apple introduced and Google ongoing and improvements We options. these digital Pay and to along with assets automated

the intuitive ordering enhance integration. a to royalty and We reducing are continuing offering also experience, more clicks

in be will Additionally, XXXX. we waitlist online late piloting an

in let's and Next, development. restaurant later Robin A Red open new West year. new no restaurant discuss next Wichita, company than a recently restaurant new Kansas, we a early franchisee will opened

expecting program restaurants, off-premises new This forward, restaurant we on highest continuing year an to our successful XXXX We update restaurant the we a years going execution floor record openings. is plan last between restaurants initial based to the established million. Seattle success restaurant on track in sales are year, $X demonstrates implement pilot pursue growth This with track to new and our are also strategy to refresh modest in markets new improve deliver our currently an infill to and to volume opened million of restaurant with associated prototype. ongoing $X in modifications come. The late in

Red serve past then it the in company this operating our getting performance, investors next to I've leader. the execution was as over of to and joined intention years Finally, years. pass When few Robin, I to to October say and three my overall the as and want back is much my the call improve quickly baton XXXX, for CEO analysts to I conference last how know enjoyed

navigating recently The Hart quarter the I of by advisory ecosystem, doubt next ensure through Conference the G.J. and digital a role passionate, Donatos. an staying our Chief team away seamless fantastic and changeover on have that a about will work with that we I Manager Restaurant implementing operational I initiatives new Executive first of energy industry innovation, I a service and no Officer, our and is and and I the Of through We agreement enter rollout our will walked tumultuous quality focused Still, of to positioning off-premises the predicted growing have eras future just this of a not of history enhanced the people, were that pandemic, and sales, credit the own the most guest one brand the certainly the have of around model, done experience, proud course, securing lifetimes. five-year with an and in focused for in in course, on held food year. engaged, am could be priorities. we leadership General optimism.

Let me Lynn the call QX results. our now turn to over to review

Lynn Schweinfurth

Paul. you, Thank

macroeconomic our Paul is in a facing As outlined, environment. volatile industry headwinds

However, well with given initiatives, our our associated create to results positioned long-term our believe we strategic shareholders. are value we for financial

XXXX We casual the to surpassing quarter, of to mid-July. comparable quarter Turning by comparable results. XXXX, experienced our full restaurant in in quarter restaurant the measured dine-in softening segment traffic Box of revenues that sales increased sales. X.X% we Versus pre-pandemic grew our revenues XXXX, fiscal revenues second second ended X.X%, two in and a marking second quarter Intelligence. last as the second periods restaurant by Black both Compared versus compared of the sales comparable consecutive second quarter positive to in

Xth and in our consecutive building we shared, casual off-premises channel that sales We our outperforming have off-premises the is increase than to pre-pandemic fiscal period traction delivered X%. sales of demonstrating our more improvement quarter our first Paul as attribute that to third August double our since dine-in sustainability segment. seen or ended approximately Xth high-low of our the sales levels, XXXX. dollars value Xth strategy of quarter the However, at higher period this We

was catering was net operating As represented million. of represented total activities represented million, activities was by cash cash million percentage $XX.X delivery year cash activities investing represented and $XX.X used to-go Full financing by a sales, in third-party Robin provided and X.X% XX.X%, $XX.X delivery provided off-premises X.X%. XX.X%, while Red

quarter During the borrowing including with federal cash million under million, second our quarter, credit. $XX.X equivalents of tax of approximately revolving $X.X refunds we and ended of and the of liquidity cash million line interest. capacity cash $XX.X available which included received approximately We

our technology our pursue sales effectively managing to cash flow while including next free restaurant includes bottom-line, focus strategic that restaurants quarters profitable forward, ongoing dedicating and adding the restaurant maintaining of reinvest new Our and initiatives ecosystem, in in investments growth over several to balance infrastructure, system, ongoing going our Donatos development. our will and to the generate flexibility digital

QX increased in X% to The related and from XXXX X.X%, turning fiscal a by comparable the X.X% guest check mix, revenues average a check and average second quarter. discounts. in in Now X.X% driven guest represented pricing, menu guest the increase a restaurant a higher traffic. decrease to increase increase specifics in of X.X% decrease some in X.X% increase

traffic. and $XX.X prior points, by Wage points, approximately total following: offset partially driven driven points, offset driven maintenance declining driven goods revenue commissions, Cost increased million, mix costs, offset $XX.X and company manager-in-training increase by to by of QX. by XX $X costs percentage and $XX.X primarily operating increased favorable due of Labor higher costs. were compensation leverage the with hiring pricing insurance increased rate by million, an was Restaurant XX driven shifts, offset primarily decreased partially by lower increased by by costs General primarily decrease versus sales an incentive spend shift, driven and costs and ago, declining marketing inflation, costs, incentive points and million points, management commodity utilities primarily leverage. $XX.X occupancy primarily by increased partially rebates. X.X million, traffic. category Selling quarter by by compensation in year driven revenue Commodity ability costs XXX XXXX, basis favorable consistently revenue to and improved offset increased inflation pricing execute. offset in and million, million, partially $XXX.X of rate from by XX% $X.X basis by lower by mix expense, to lower as category profit by basis was increased operating sales sold QX. costs prior insurance XXX menu primarily increases the partially of increase higher were a offset group increases, administrative increased by sales basis Second expenses of X.X% menu a the year And in inflation. expenses driven percentage million, primarily by compensation versus and by stock-based compared and leverage. increased pricing level by X.X% approximately third-party restaurant a was Restaurant XX.X%, wage staffing partially inflation to by partially year costs Other merit up

other related and long-lived related $X.X related assets including of we million a of partially to million to related quarter, by to related the During million recognized costs, million, the restaurant transition, impairment executive contingencies. $X.X charges of $X.X reduction six primarily $X.X for COVID-XX $X.X locations, net $X.X related closures, million to litigation million to offset restaurant

was as were diluted to was QX EBITDA value million, million as while X% Second $X.X to quarter At share prices the diluted $X.XX of per quarter EBITDA XXXX. loss we our as outstanding outstanding continue $X.XX adjusted credit XXXX. quarter, principal strategically per $XX adjusted to million, balance Effective inflation, adjusted mitigate QX in credit end, $XX.X compared increase adjusted million. was QX share loss strong for to in was of $XXX.X retaining our a letters agreement and under proposition. pricing compared

we In price of incremental QX. in than addition, early X% more took

make a expect cumulative quarters XXXX they levels, not margins we significant but quarter, commodity disruptions costs, second we eliminated. As increases been face to XXXX. in experience The intend easing get result to to future supply pressures, in to in we in chain and with improve have continues though of the normalization did along company to an back price inflation of progress

lessen on suppliers our operations. to We these disruptions continue impact our manage their and to diversify

our managing Donatos. implementation proactively of lead other equipment also related to purchases, are including times We

In beginning our year, addition, distribution at contract this of quarter in new the inflation the which is fourth factored kicks into a commodity expectations.

made restaurants, sales As we guidance in sales you XXXX continues expecting progress in updated higher trends to release outperform Restaurant today. meaningful published the the entire dine-in drive of sales third industry we Robin for Due in casual segment. financial performance. A we restaurant fourth our sequentially provided our have cost and earnings a a and to softening costs, from staffing quarter our traffic as are we sincere macroeconomic improved volatile team, to have as result, the operating Red that environment, increase will which our commodity percent thank the of quarter. to

executing member growth new and value We for are years differentiated a will also strategic initiatives team provide development. that platforms restaurant quality to Donatos, incremental the come, innovation, in including profitability menu proposition and digital,

pandemic, behalf I'd to Robin, able through on are over the thank only guidance, but we to turn Red Paul, the well working considerable Paul. years been last the few the years. his leadership has like is the Lastly, not to I thrive over call will that, learning Paul in his to of Under and and with from to pleasure positioned With it brand get for great contributions Robin you. to Red come. a

Paul Murphy

your words. enjoyed Thank you, have Lynn, I working you. with for too kind

great in weather to than Bottomless including average economic in Even low the on This to food, competitors, market is as initiatives top consumer team to credible due drive through an frequency, which our my commitment Red changes we brand retirement, to a to $XX. behavior. relatively to path an We adapting fun has of value. future are and in my results strategic This and believe over enduring. basis. this to Red to promise, that friends miss line confidence I'll profitability, work bright waiver. for moments is company family, pursuit any growth, advisory connecting share, shareholder something role because not daily memorable on does quality of while is Robin's I And long-term in transition and Robin alongside approximately our Their passion been check are better positioned and propositions, downturn many value-based has

time them last all me have and now they us call for the do let one on that, our behalf. done questions. open And with thank So for let

Operator

Alex today question of first Our from Jefferies. coming Instructions] [Operator Slagle is

Alex Slagle

congrats retirement. Thanks. around for a the little so bit, upcoming you'll that. on Hey, be happy Paul, about I know

Paul Murphy

be Thanks, next it's on and with forward. Alex. G.J. going to and us to think will I with months effective strong path a getting look very transition the be couple and I a working forward him

sure I'm -- So you around somewhere. but I'll see

Alex Slagle

top list with you to what's to sure. into hand are off. of the through I For but see that up important transition to transition reins accomplish your Hope just to I time to-do ensure smooth a the you over both some mean, G.J., to want guess, and very or XX, But get the that you? finish specific initiatives you at especially also

Paul Murphy

business, having staffing Alex, things. move are successful He's journey levers CPK been the sit spend lot guest been together ecosystem. Board been very with that the where get familiar the a on as we the a whole the Texas at is to Roadhouse I a whether a We've in time perspective, digital digital Donatos, G.J. into think has look we of from company, on we been at XXXX at Torchy's. that about and capital we and it's three business the the -- have do couple years. can he's whether Donatos it, the -- on of taking how Obviously, impact certainly going versus at talking it's the manage it's spending forward, last in already

And budget are for XXXX? our on hard two the on that strategic his end, on are the influence think How thinking? then to the really where together on us of working So I continuing views it's XXXX. work does

I the about that As and same a lot softening it look other did. quarter was through of the lie that, at saw the bit we second brands quarter a disappointing won't I

to that rate certainly I a we plateaued commodity the we higher think at things of done reaction is, than forecasted. in have had that couple

going in it originally the moved we not do accelerated QX, very So up quarter. a to could into QX, move second early obviously pricing we it were and that but influence

P-X, influence certainly in third has things in worked out put quickly And week Gourmet of the softening P-X we us. also it to We Meal Deal well recognized the that the for were $XX business.

have grown sentiment value that really our perceptions, time. over value Our

P-X weeks system it out going had getting in into of further And think out I P-X. couple of influence Happy QX into is a that. and on across the to gate nice a influence roll Hour continuing to we're here

specifically at a the So, QX QX, we And when to do need more a the I we into top-line operating of get at softening level. miss to was bit on but really the influence into that done we've the margins things QX. look more importantly as the commodity and

not certainly off all. backing at So, XXXX

done go starts up but that side have the that in in obviously, be we'll meantime, we we to set for But side work September by XXXX. misses QX. X, things the think as we I that, the G.J. success him address not only addressing had into

Alex Slagle

if benchmark the you how Okay, down Could that's through quarter? peer it, sales? the gap have helpful. you break the same-store monthly the track versus And relative

Lynn Schweinfurth

X% to Black to X% and actually in about in Alex, comparison from gap a at P-X, ranged it we Yes. P-X, P-X, between terms XXXX, then quarter a of then mentioned, X.X% we in X.X%. in to we the came the during generated in X%. of perspective, gap in traffic the XX.X% the positive And quarter. second P-X, Box in Paul as then And in P-X; X% and for had competition,

Alex Slagle

the Or there? pressure quarter? the towards end the more generally through did hold you feel did any And takeaways gap or

Lynn Schweinfurth

for a down pretty bit, little the steady but held went quarter. It it

Alex Slagle

happen have you Do Okay. comps those month ‘XX? versus by to

Lynn Schweinfurth

do. I

P-X up up were conference for in which believe we were And in and So the we P-X P-X, call. I X.X%. last then on X.X%, X% we shared

Now Father's between believe and there negatively impacted Day calendar was shifts P-X. that some P-X, P-X and impacted positively P-X around, I

noise there bit a P-X. little came of in was X% about And there. then in So we at

Alex Slagle

Got it.

there? is guidance, sales the I pieces? -- incremental are baked of mean, and there some it on or if I that of -- pressures is in And guess EBITDA reduction much guidance commodities Okay. is labor how it caution the the other

Lynn Schweinfurth

sales that Yes. It's associated primarily related commodities and caution caution. sales with and flow-through the

Paul Murphy

seeing there's that account basically trying take volatility taken trying to not and to in as rates earlier a and we’re that and seen help Yes. up approach us. the into take and in to taking said, at Lynn ability go run far move that to perspective. be still from But sales been rebound price P-X we've a macro think I Alex, some we've that to environment And too pleased the we've see our a in look the QX over to get should a the and ahead much skis. using conservative

Operator

Thank question you. coming Todd Benchmark of Company. next from Brooks The is The

Todd Brooks

Hey, thanks. years. you it enjoy And your future luck so. travels Paul, fulfilling of it's sure Hope as best and you it, here. for in three as these I'm last were

Paul Murphy

Todd. thank Well, it. Appreciate you,

Todd Brooks

that Alex Few that to that at of the quick of we shift you we whatever size any year, QX and for tracking questions, what kicks-in up in just expecting at made COGS can so give just in COGS of Can talking prepared the end Lynn, QX kind If comment to kind on be map distributor from the what distributor and commodity be look QX kind you're your but about uptick sequentially. kind remarks you you're jumping of was of us of the QX, balance of you levels? expecting see exploring. improvement and QX would the that a the a a -- how thinking if

Lynn Schweinfurth

then full the the mid for will it fourth terms that say inflation the in year. part at expect QX, the certainly to tick-up of improvement points Yes. is result in double-digit improvement took price I would in quarter. we percentage And of do in beginning quarter and the of X third we

Todd Brooks

great. basket. That's then Okay, talked the And helpful. you about

think, that up I it Was XX% number, commodity I quarter? in said was Do what? basket. right? you have the The

Lynn Schweinfurth

the bit That That's the decline then little start sequentially will in to and last some we fourth experienced the quarter, year. as the again up in inflation third we correct. over quarter. then XX% for a quarter, the first quarter was second decline from lap of

Todd Brooks

Were did way? heading Paul, the was in can talk to still in you and way P-X of saw same manifesting of kind up into still and how showing building P-X, driven And slowdown that behaving customers purely you they was the see that slowdown of the out itself? traffic the to it checks same restaurant? you were the the kind Where then,

Paul Murphy

a switched was from playbook. It why Todd, we that's mainly bit little bar traffic-driven, the and QSR

was were And LTOs pinched the Gourmet to. Deal, which consumers end because two P-X And we're from we think a what Robin. has it certainly reaction the moved And It have mid as softening us. in honestly, industry. versus sales. quarter. high-low seeing QX, kind -- we it's perceptions value we the that performed I forward weeks real numbers performing quite to P-X now. of was saw mid was brand the Red the thought the it inflation. still of at really And back which feeling terms the we're slowing, driver a only a the saw Meal it mentioned, a of left we far that's we of was Frankly, been the in value check, of a thought of the rolled why the Robin right address that in as Our but definitely traffic we that to it out so in were well, late needed P-X, strong of for little we outpacing into as Red showcases industry value $XX has And well strategy part

Todd Brooks

And to your offer, $XX expectations? how's it mixing then the relative

Paul Murphy

offer. it's but ability on doing to player it. away be so pleased that, $XX its actually also strong, farm, it's what an bit than that for at a the a we're It's gross not strong giving higher still also with but has to gross margin margin We're fairly offer expectations, little even a a us

Todd Brooks

something And additional behind well. up to teed come. promotions value the It two sounds Happy then it. potential as Hours at And potentially you lunch like then mentioned

Paul Murphy

be Happy this into the little a then will you'll Hour And further out specials, fall. lunch see rolled month.

Todd Brooks

type And these -- value-based platforms, of Bottomless then fine it of with you're still you're the if of more to people neutrality a type margin same migrating from standpoint?

Paul Murphy

I dining to the out there about mean liquor the we don't it. in have certainly think mix space. mean, I one casual strongest way

help us should Happy standpoint. overall a liquor at sales even Hour from So, a margin increasing the

we strengthen looking we're the forward not strengthen of can think can to value brand. of but because the So profile the continue it only that perception margin brand, to the

Lynn Schweinfurth

Todd, would high-low of our promotions guests the balance strategy we to doing. end also we the can And add, we're so have high premium I that products every order just priced the we're excuse where giving

Paul Murphy

We of It they mentioned, come they $XX is add consumer how own the order that when Deal, really Gourmet to and as do Meal see on. lot money. choice about, their the people a their Lynn of given do in spend them want

Todd Brooks

know out one, just weighted across quick half this back of I Donatos it year. loaded year's XX that Or equally a Where then to is And rollouts? year? the in process? are targeting there kind element final, is we And rolled this

Lynn Schweinfurth

Yes, half half, completed essentially primarily and should the of we be and QX. it's by QX, or end QX and roughly

Operator

end the everyone you. to thank and like and their Thank gentlemen, brings Robin. Red this the us would for participation interest Ladies session. to in of question-and-answer We

or your this enjoy rest off disconnect You your may walk day. of at lines the the webcast time and

Red Robin Gourmet Burgers (RRGB) 11 Aug 222022 Q2 Earnings call transcript