Red Robin completed the sale of 108 company-owned restaurants for USD 89.4 million in gross proceeds under three refranchising transactions.
Eight additional restaurants are expected to close by fiscal 2026 year-end for about USD 6.6 million, lifting total expected proceeds to USD 96 million.
Largest buyer Op Burgers agreed to acquire 69 restaurants for USD 62.5 million; 61 have closed for USD 55.9 million.
Kuber acquired 17 restaurants in Oregon and Washington for USD 10 million; Evergreen Dining bought 30 restaurants in Washington and western Idaho for USD 23.5 million.
Net proceeds are earmarked for debt reduction, alongside planned refinancing under the company’s First Choice Plan.
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