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All right thank you and a Red Robin restaurants celebrating ten years on the NASDAQ and with CEO Stephen Carly this morning ringing the opening bell mr.
Carly joins me now.
First -- -- when mr.
on this show thanks for being with us so your stock is also below last October 21 bucks is now 32 -- to get back up that 52 week high of 39 dollars.
What's going well for why this rebounds happen.
Of this we've done a number things of Red Robin to really spur the stock growth with this tough competitive environment and consumers kind of if they're very nervous condition.
We spent a lot of time in the middle of the where we've been more efficient and effective and saved almost three interest points -- three basis points 300 basis points of of expense after -- the actual cost let's talk about demand though you know your average -- -- is about twelve bucks per -- is probably roughly double McDonald's.
Do you see consumers resistant to spending -- of loosening up so.
Consumers are still unbelievably focused on value and affordability.
And a Red Robin we've made a big -- around that that's one of the biggest reasons that gets in the way frequency.
So recently we introduced our -- tavern double.
Which is 69 united product with -- -- to help consumers come in more often and more frequent Red Robin bottomless Fries refills free refills Michelle Obama will be giving -- call.
Now all right and and durable market especially the the the pricing birders can kind of flood got a lot of lesser guys coming after it now right like five guys that are we'll -- a lot of casual diners with burgers on their -- we've got five guys -- so that puts the pressure on Red -- to be even smarter.
We spent more money on research and -- the last year than we have in the previous twenty.
And that's told us where we're winning and we're we're losing.
And affordability and value was a focus force hence this -- Deborah double and that's 699 price point.
You get bottles Fries and then she get bottles broccoli to.
Right do you ever think you know how can -- -- fried chicken.
Switched at KFC to get rid of the fragment ticket.
Everything about taken burger is out of your name I mean is there now kind of politically incorrect suspicion of murder is a -- Dennis -- has never been hotter as you can tell by everybody come in this -- I've got to.
Bumper sticker on my office -- -- -- if you're not open and a better burger concept.
So were taken our -- authority back is with his -- -- double for another buck you can style it up with.
Two pieces of bacon bacon a -- Brett with a pick up version you can style it up -- taken some trends and flavors.
-- across America with ghost pepper right so have you had plans for a -- bacon Sunday the way when your rivals at the lower and the market's been doing not yet.
But -- in that we we may be look at it okay they -- national -- thank you very much you -- appreciate your being.
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