India, July 17 -- Continuing its plan for a turnaround, Red Robin Gourmet Burgers just closed an additional under-performing restaurant as it continues to try to cut down on debt and bolster operations through franchising expansion. Its restaurant located at Crossroads in Cary, North Carolina, was just sold to local commercial developer Capital Growth Buchalter, based in Birmingham, Alabama, for roughly $3.3 million and will close in the coming weeks.

First Choice Plan Drives Business Overhaul

The closure is part of Red Robin's First Choice Plan, introduced in July 2025 to strengthen the company's financial position. The initiative focuses on lowering expenses, reducing debt, and refranchising company-owned restaurants. Earlier this yea...