Company: RRGB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001171759-25-000028
Chunk: 2

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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ITEM 1.    Financial Statements (unaudited)

RED ROBIN GOURMET BURGERS, INC.

 CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)(in thousands, except for per share amounts)July 13, 2025December 29, 2024Assets:Current assets:Cash and cash equivalents$24,370 $30,651 Accounts receivable and other, net12,718 19,688 Inventories26,295 26,737 Prepaid expenses and other current assets12,102 13,608 Restricted cash9,173 8,750 Total current assets84,658 99,434 Property and equipment, net173,822 181,224 Operating lease assets, net306,519 331,617 Intangible assets, net10,024 11,064 Assets held for sale— 4,313 Other assets, net11,885 13,662 Total assets$586,908 $641,314 Liabilities and stockholders' equity:Current liabilities:Accounts payable$28,476 $29,783 Accrued payroll and payroll-related liabilities41,724 39,672 Unearned revenue16,115 27,083 Current portion of operating lease liabilities51,086 50,083 Accrued liabilities and other47,580 42,931 Total current liabilities184,981 189,552 Long-term debt163,079 181,641 Long-term portion of operating lease liabilities309,034 345,635 Other non-current liabilities8,457 8,755 Total liabilities665,551 725,583 Commitments and contingencies (see Note 8. Commitments and Contingencies)Stockholders' equity (deficit):Common stock; $0.001 par value: 45,000 shares authorized; 22,050 shares issued; 17,886 and 17,403 shares outstanding as of July 13, 2025 and December 29, 202422 22 Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of July 13, 2025 and December 29, 2024— — Treasury stock 4,164 and 4,647 shares, at cost, as of July 13, 2025 and December 29,