Market Overview

Red Robin Announces Retirement of President and CEO Denny Marie Post


Board of Directors Forms Search Committee

Board Chair Pattye Moore to Serve as Interim CEO

Red Robin Gourmet Burgers, Inc., (NASDAQ:RRGB), a full-service
restaurant chain serving an innovative selection of high-quality gourmet
burgers in a family-friendly atmosphere, today announced that following
discussions with the Board of Directors, Denny Marie Post has chosen to
retire as President and CEO on April 3, 2019. The Board of Directors has
formed a search committee to identify her successor and also appointed
Pattye Moore, Board Chair, as Interim CEO.

Ms. Moore has been a director of Red Robin since 2007 and Board Chair
since 2010. She previously served as a Board Member and President at
Sonic Corp. among other executive positions during her 12 years with the

"We want to recognize Denny for her leadership, commitment to and
passion for the Red Robin brand over the last seven years in her roles
as CMO, President and CEO. On behalf of the board, I want to thank Denny
for her contributions and wish her well in retirement," said Pattye
Moore, Board Chair and Interim CEO.

"The board intends to move quickly on the search process as the Company
continues to execute our turnaround plan in this challenging and rapidly
evolving casual dining landscape. Our search effort will focus on
identifying an external candidate who recognizes the urgency of
strengthening and stabilizing our dine-in business as well as the
importance of continuing our evolution to an omni-channel brand that can
provide customers with exceptional experiences and our craveable food
where, when and how they want it," added Pattye Moore, Board Chair and
Interim CEO.

"My years at Red Robin have been by far the most satisfying of my
career. We made great strides evolving the brand and have a strategy in
place which will ensure Red Robin serves generations of families for
years to come. I am confident the team will continue to realize that
vision," said Denny Marie Post.

Ms. Post will serve as an advisor as the search committee identifies a
new CEO.

Pattye Moore, Board Chair and Interim CEO, concluded, "Through the first
three periods of the fiscal first quarter ending March 24, 2019,
comparable restaurant revenue, using constant currency rates, has
decreased 3.6%. This reflects, in part, the challenging weather that
affected several regions of the US. The weather impact for these
periods, estimated to be 100 to 150 basis points, primarily drove sales
performance below our expectations."

About Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

Red Robin Gourmet Burgers, Inc. (,
a casual dining restaurant chain founded in 1969 that operates through
its wholly-owned subsidiary, Red Robin International, Inc., and under
the trade name Red Robin Gourmet Burgers and Brews, is the Gourmet
Burger Authority™, famous for serving more than two dozen craveable,
high-quality burgers with Bottomless Steak Fries® in a fun environment
welcoming to guests of all ages. Whether a family dining with kids,
adults grabbing a drink at the bar, or teens enjoying a meal, Red Robin
offers an unparalleled experience for its guests. In addition to its
many burger offerings, Red Robin serves a wide variety of salads, soups,
appetizers, entrees, desserts, and signature beverages. Red Robin offers
a variety of options behind the bar, including its extensive selection
of local and regional beers, and innovative adult beer shakes and
cocktails, earning the restaurant a VIBE Vista Award for Best Beer
Program in a Multi-Unit Chain Restaurant. There are more than 570 Red
Robin restaurants across the United States and Canada, including
locations operating under franchise agreements. Red Robin… YUMMM®!
Connect with Red Robin on Facebook, Instagram, and Twitter.

Forward-Looking Statements

Forward-looking statements in this press release regarding the Company's
refranchising efforts and its goal for its franchise mix and all other
statements that are not historical facts, are made under the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are based on assumptions believed by the Company to be
reasonable and speak only as of the date on which such statements are
made. Except as required by law, the Company undertakes no obligation to
update such statements to reflect events or circumstances arising after
such date, and cautions investors not to place undue reliance on any
such forward-looking statements. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ
materially from those described in the statements based on a number of
factors, including but not limited to the following: the effectiveness
of the Company's strategic initiatives, including the effectiveness of
the Company's affordability, service improvement, technology, and
off-site initiatives to drive traffic and sales; the ability to increase
labor productivity through alternative labor models, and to train the
Company's workforce for service execution complexities related to growth
of multiple revenue streams in the restaurant; the success of the
Company's refranchising efforts; and other risk factors described from
time to time in the Company's Form 10-K, Form 10-Q, and Form 8-K reports
(including all amendments to those reports) filed with the U.S.
Securities and Exchange Commission.

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