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Red Robin Gourmet Burgers

Chain of restaurants serving gourmet hamburgers.

Headquarters:
6312 S Fiddlers Green Circle, Suite 200 N
Greenwood Village, CO 80111
Employees: 36,000+
CEO: Dennis Mullen
Stock Symbol: RRGB

Website: http://www.redrobin.com

Career Site

Red Robin Gourmet Burgers operates a national casual dining chain with 439 locations serving high quality gourmet hamburgers in a family-friendly atmosphere.

The restaurants offer over two-dozen different Gourmet Burgers, All-You-Can-Eat Steak Fries, entrees, salads, soups, appetizers and desserts, along with Mad Mixology alcoholic and non-alcoholic beverages.

The company reported revenues of $841 million in fiscal 2009, a 3% decrease, and net income of $17.6 million.

Red Robin has a total of 306 company-owned and 133 franchised restaurants.

Red Robin expects to open 11-13 new company-owned restaurants this year and four to five by franchisees.

History

1940s: Red Robin started as a tavern near the University of Washington in the 1940's. It was called Sam's Tavern. Sam sang in a barber shop quartet and loved to sing the song "When the red robin goes bob bob bobbin along" Sam eventually changed the name of his tavern to Sam's Red Robin.
1969: Over the years Sam's Red Robin simply became Red Robin. It was transformed from the tavern into the first Red Robin restaurant that opened in a 1,200 square-foot building perched on a Seattle hilltop.

1973: Red Robin expands the menu from jumbo beers, cellophane-wrapped sandwiches and popcorn to include Red Robin's most popular burgers the Red Robin Gourmet Cheeseburger, the Red Robin Bacon Cheeseburger and the Royal Red Robin Burger, which is crowned with fresh fried egg

1979: Red Robin regulars, Mike and Steve Snyder, decide to open their own Red Robin in Yakima, Wash. The Snyder Group Company becomes Red Robin's first franchisee.

1980: On course to becoming "America's Gourmet Burgers & Spirits," Red Robin expands beyond Washington by opening a restaurant in Portland, Ore.
1983: Red Robin hatches one of America's only restaurant mascots, a colorful robin named "Red." Children everywhere become overnight fans.
1985: A domestic success, Red Robin crosses the U.S. border and opens a Canadian Red Robin restaurant in Burnaby, British Columbia.
1985: Skylark acquires a majority interest in Red Robin, a food-service operation in Japan, from Red Robin's owner.
1994: Already known as a place for great family fun, Red Robin reinforces its reputation as a restaurant industry leader by offering Bottomless Steak Fries (a.k.a. all-you-can-eat) with its gourmet burgers.
1996: Red Robin International cuts its ties with Skylark and is brought back home from Tokyo. The headquarters are moved from Irvine, Calif., to Greenwood Village, Colo.
1998: Red Robin ranks 15th in a casual-dining survey by Nation's Restaurant News, a leading publication of the restaurant industry.
2000: Red Robin merges with the Snyder Group, its largest franchisee, and celebrates the opening of its 150th restaurant in May. Securing $75 million in financing, Red Robin continues its nationwide expansion efforts.
2002: On July 19, Red Robin goes public with an initial public offering of 5,038,000 shares, of which 4,000,000 shares were sold, at a price to the public of $12.00 per share. The remaining 1,038,000 shares were offered by selling stockholders. Red Robin received net proceeds of $42.8 million from the offering. Red Robin also entered into a three-year $40.0 million revolving credit agreement to fund construction and acquisition of new restaurants, to refinance existing indebtedness and for general corporate purposes, including working capital.

2005: Red Robin is honored with Restaurant Hospitality's Chain of the Year award and receives Restaurants & Institutions' Choice in Chains Crystal Award in the Burger category.

2008: Red Robin opens its 400th restaurant in Covington, WA on June 16.

Benefits

Health, Dental & Vision Plans:
Red Robin offers Team Members affordable Health PPO Plan and Dental & Vision Plans*.
Short Term and Long Term Disability:
Income replacement is provided to salaried Team Members by Red Robin, at no cost to you.
Basic Life, Accidental Death [return]& Dismemberment Insurance:
Offered to Team Members at no cost to you.*
Supplemental and Dependent Life Insurance:
Team Members have the option to purchase additional life insurance coverage for themselves or their dependents at discounted group rates. *
Employee Assistance Program (EAP):
All Team Members and their household members are eligible to utilize a confidential and free EAP benefit. Take advantage of this opportunity, 24 x 7, to seek out information, ideas and support on a wide variety of subjects including, stress management, parenting, childcare, financial, legal, and everyday issues.
401(k) Savings Plan:
New hires are eligible to participate in the Red Robin International Inc., 401(k) Savings Plan the first of the month following their new hire date. Active Team Member's not currently participating can enroll at any time.
Flexible Spending Accounts:
Red Robin's Health and Dependent Care Flexible Spending Accounts allows Team Members to use pre-tax dollars to reimburse claims on health and/or dependent care expenses that may not be covered through other benefit plans.*
Paid Vacations:
To ensure you have the opportunity to rest, relax and have fun, Red Robin offers a competitive time off with pay program. Available to hourly and salaried Team Members.
Paid Holidays for Corporate Team Members:
Two personal days (must be scheduled with Department Head) and eight paid holidays.
Quarterly Bonus Plan:
Offered to Restaurant Managers, based on sales achievement and net income before operating expenses.
Stock Option Grants:
General Managers and Home Office Team Members are eligible for Stock Option Grants subject to Board of Director approval (certain restrictions apply).
Employee Stock Purchase Plan:
After one year of continuous service, eligible Team Members who meet certain requirements can participate in Red Robin's Employee Stock Purchase Plan and purchase Red Robin stock at a discounted rate.
Meal Discount:
Generous discounts at Red Robin restaurants offered to hourly and salaried Team Members.

*Certain eligibility requirements must be met before these plans are offered.

Updated February 28, 2010