Company: RRGB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001171759-25-000028
Chunk: 92

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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The following table summarizes net income (loss), EBITDA, and adjusted EBITDA for the periods presented:

Twelve Weeks EndedTwenty-Eight Weeks Ended(Dollars in thousands)July 13, 2025July 14, 2024July 13, 2025July 14, 2024Net income (loss) as reported$3,993 $(9,489)$5,242 $(18,949)Interest expense, net5,721 4,997 13,685 12,311 Income tax provision (benefit)(97)(40)(99)141 Depreciation and amortization11,579 13,402 27,013 31,556 EBITDA21,196 8,870 45,841 25,059 Stock-based compensation expense(1)1,489 1,839 4,078 3,029 Other charges (gains), net:Gain on sale of restaurant property— — (1,137)(7,425)Asset impairment and restaurant closure costs, net(1,615)1,551 (1,405)(398)Severance and executive transition459 137 1,339 1,082 Litigation contingencies11 356 23 776 Asset disposal, and other, net889 887 1,600 4,920 Adjusted EBITDA(2)$22,429 $13,640 $50,339 $27,043 

(1) Consists of compensation expense associated with stock-based awards including phantom performance awards that may be settled in stock or cash at the Company’s option.

(2) Beginning in the fiscal first quarter of 2025, the Company revised its definition of Adjusted EBITDA to exclude noncash stock-based compensation expense. The Company believes this change provides investors with a better understanding of our financial performance from period to period. Previously reported results have been revised to reflect the new presentation.

We define EBITDA as net income (loss) before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA and Adjusted net income (loss) per share-diluted are supplemental measures of our performance that are not required by or presented in accordance with GAAP. We believe these non-GAAP measures give the reader additional insight into the ongoing operational results of the Company, and are intended to supplement the presentation of the Company's financial results in