Company: RRGB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001171759-25-000028
Chunk: 30

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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5 million for the second quarter of fiscal 2025 and fiscal 2024, respectively.

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Interest expense for the year to date period of fiscal 2025 and fiscal 2024 was $13.9 million and $12.6 million, respectively. The $1.3 million increase was primarily due to an increase in the weighted average interest rate to 14.2% in the year to date period of fiscal 2025 compared to 13.5% in the year to date period of fiscal 2024. Average outstanding debt was $182.8 million and $187.8 million for the year to date periods of fiscal 2025 and fiscal 2024, respectively.

Income Tax Provision (benefit)

Income tax benefit was $0.1 million in the second quarter of fiscal 2025, compared to an income tax benefit of $0.0 million in the second quarter of fiscal 2024. 

Income tax benefit was $0.1 million in the year to date period of fiscal 2025 compared to an Income tax provision of $0.1 million in the year to date of period of fiscal 2024.

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Non-GAAP Financial Measures

A reconciliation of Restaurant revenue to restaurant level operating profit is detailed in the table below:

Twelve Weeks EndedTwenty-Eight Weeks Ended(Dollars in millions)July 13, 2025July 14, 2024Increase/(Decrease)July 13, 2025July 14, 2024Increase/(Decrease)Restaurant revenue$279.3 $294.5 (5.2)%$665.1 $673.0 (1.2)%Restaurant operating costs:Cost of sales65.2 69.4 (6.1)%153.2 159.7 (4.1)%Labor99.7 113.9 (12.5)%242.8 262.9 (7.6)%Other operating49.6 51.8 (4.2)%117.1 118.3 (1.0)%Occupancy24.3 24.6 (1.2)%56.5 56.0 0.9 %Total restaurant operating costs$238.8 $259.7 (8.0)%$569.6 $596.9 (4.6)%Restaurant level operating profit(1)$40.