Company: RRGB
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001171759-25-000020
Chunk: 15

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-05-29
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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million.

•Comparable restaurant revenue(1) increased 3.1%.

•Net income is $1.2 million, compared to a net loss of $9.5 million last year, a $10.7 million increase. 

•Adjusted EBITDA(2) is $27.9 million compared to $13.4 million last year, a 108.2% increase.

•Completed sale of three owned properties during the first quarter for gross proceeds of $5.8 million. 

•Repaid $17.8 million of debt.

(1) Comparable restaurant revenue represents revenue from Company-owned restaurants that have operated for 18 months as of the beginning of the period presented.

(2) See below for a reconciliation of adjusted EBITDA to Net income.

Business Trends

We are closely monitoring evolving macroeconomic conditions, including ongoing inflationary pressures and uncertainty stemming from proposed and enacted trade policies such as tariffs. Although a significant portion of our supply chain is domestically sourced, helping to mitigate some exposure, we recognize that changes to trade regulations and tariff implementations could lead to increased costs for certain commodities and materials. Additionally, the broader implications of tariff-driven price increases could influence consumer spending habits and negatively affect our business. At this time, we do not anticipate a material adverse impact to our financial performance for the remainder of fiscal year 2025; however, continued volatility in global trade and economic policy presents a risk to both profitability and future demand.

Key Performance Indicators

Restaurant Revenue, compared to the same quarter in the prior year, is presented in the table below:(Dollars in millions)Sixteen Weeks EndedRestaurant Revenue for the period ended April 21, 2024$378.6 Increase/(decrease) in comparable restaurant revenue11.5 Decrease in non-comparable and closed restaurant revenue(4.3)Total increase/(decrease)7.2 Restaurant Revenue for the period ended April 20, 2025$385.8 

14

Restaurant Data

The following table details restaurant unit data for our Company-owned and franchised locations for the periods presented:Sixteen Weeks EndedApril 20, 2025April 21, 2024Company-owned:  Beginning of period407 415 Opened during the period— — Closed during the period(6)(2)End of period401 413 Franchised:  Beginning of period91 92 Opened during the period— — Closed during the period(1