Company: RRGB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001171759-25-000012
Chunk: 66

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 66
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 ongoing operational results of the Company, and are intended to supplement the presentation of the Company's financial results in accordance with GAAP. Adjusted EBITDA and adjusted income (loss) per share-diluted exclude the impact of non-operating or nonrecurring items including changes in estimate, asset impairments, litigation contingencies, gains (losses) on debt extinguishment, restaurant and office closure costs, gains on sale leaseback transactions, severance and executive transition costs, and other non-recurring, non-cash or discrete items; net of income tax impacts. Adjusted EBITDA excluding stock-based compensation expense and adjusted income (loss) per share-diluted excluding stock-based compensation expense are calculated as Adjusted EBITDA and adjusted income (loss) per share-diluted, respectively, further adjusted to exclude stock-based compensation expense. Other companies may define these non-GAAP measures differently, and as a result may not be directly comparable to those of other companies. Adjusted income (loss) per share-diluted, Adjusted income (loss) per share-diluted excluding stock-based compensation expense, Adjusted EBITDA and Adjusted EBITDA excluding stock-based compensation expense should be considered in addition to, and not as a substitute for, net income (loss) as reported in accordance with U.S. GAAP as a measure of performance.

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Table of Contents

The following table summarizes Income from Operations, and Restaurant Level Operating Profit for the period presented:

Fifty-Two Weeks EndedFifty-Three Weeks EndedDecember 29, 2024December 31, 2023Income (loss) from operations$(53,081)(4.3)%$4,542 0.3%Less:Franchise royalties, fees and other revenue24,306 2.0%28,752 2.2%Add:Impairment and other charges (gains), net33,848 2.7(2,663)(0.2)Pre-opening costs— —587 —General and administrative expenses81,721 6.589,360 6.9Selling36,719 2.934,770 2.7Depreciation and amortization57,729 4.666,190 5.1Restaurant level operating profit$132,630 $164,034 Income (loss) from operations as a percentage of total revenues(4.3)%0.3%Restaurant level operating profit margin (as a percentage