Company: RRGB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001171759-25-000028
Chunk: 46

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 46
---
 EndedJuly 13, 2025July 14, 2024July 13, 2025July 14, 2024Restaurant revenue$279,305 $294,457 $665,115 $673,025 Franchise revenue3,186 4,287 7,675 9,628 Gift card breakage876 1,025 2,581 5,188 Other revenue336 385 684 854 Total revenues$283,703 $300,154 $676,055 $688,695 Contract LiabilitiesComponents of Unearned revenue in the Condensed Consolidated Balance Sheets are as follows (in thousands):July 13, 2025December 29, 2024Unearned gift card revenue$13,083 $24,333 Unearned Royalty revenue3,032 2,750 Unearned revenue$16,115 $27,083 Revenue recognized in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the redemption and breakage of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands):Twelve Weeks EndedTwenty-Eight Weeks EndedJuly 13, 2025July 14, 2024July 13, 2025July 14, 2024Gift card revenue$1,812 $1,910 $12,516 $14,539  We recognize Royalty revenue within Restaurant revenue in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) when a customer redeems an earned reward. Unearned revenue associated with Royalty is included in Unearned revenue in our Condensed Consolidated Balance Sheets. Changes in our unearned revenue balance related to our Royalty program (in thousands):Twelve Weeks EndedTwenty-Eight Weeks EndedJuly 13, 2025July 14, 2024July 13, 2025July 14, 2024Unearned Royalty revenue, beginning balance$3,604 $8,032 $2,750 $7,509 Revenue deferred1,241 715 2,866 3,039 Revenue recognized (1)(1,813)(6,943)(2,584)(8,744)Unearned Royalty revenue, ending balance$3,032 $1,804 $3,032 $1,804 (1) Restaurant revenue includes