Red Robin completes sale of 108 restaurants for approximately $89.4 million
RRGB•Red Robin sold 108 company-owned restaurants in fiscal third-quarter 2026 for approximately $89.4 million in cash proceeds, subject to customary adjustments. The proceeds reduced outstanding debt and supported refinancing.
1. Restaurant sales
Red Robin sold 108 company-owned restaurants in fiscal third-quarter 2026, generating approximately $89.4 million in cash proceeds, subject to customary adjustments. Evergreen Dining acquired 30 restaurants, Op Burgers bought 61, and Kuber Oregon and Kuber Washington acquired the remaining 17. The proceeds reduced outstanding debt and supported refinancing, expanding the franchise-operated restaurant base under the First Choice plan.
