Company: RRGB
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001171759-25-000020
Chunk: 33

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-05-29
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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 dates, and number of weeks included in the periods are summarized in the table below:PeriodsPeriod End DateNumber of Weeks in PeriodCurrent, Prior and Upcoming Fiscal Quarters:First Quarter 2025April 20, 202516First Quarter 2024April 21, 202416Second Quarter 2025July 13, 202512Second Quarter 2024July 14, 202412Third Quarter 2025October 5, 202512Third Quarter 2024October 6, 202412Current and Prior Fiscal Years:Fiscal Year 2025December 28, 202552Fiscal Year 2024December 29, 202452Upcoming fiscal year:Fiscal Year 2026December 27, 202652

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Table of Contents

 ReclassificationsCertain amounts presented have been reclassified to conform with the current period presentation. The reclassifications had no effect on the Company’s consolidated results. We made adjustments to the Condensed Consolidated Statements of Cash Flows to net borrowings with repayments on revolving credit facilities, to reclassify gift card breakage within unearned revenue, and to include income tax receivable within accounts receivable. Beginning in the current reporting period, we have revised the presentation of operating expenses in the Condensed Consolidated Statements of Operations to separately disclose Selling expenses and General and administrative expenses. Previously, these amounts were presented on a combined basis as Selling, general and administrative expenses. Recently Issued and Recently Adopted Accounting StandardsIn November 2024, the FASB issued Update 2024-03 which expands disclosures about specific expense categories presented on the face of the income statement. Update 2024-03 is effective for financial statements issued for annual periods beginning after December 15, 2026, with early adoption permitted. The Company is evaluating the impact of the adoption of Update 2024-03 to the consolidated financial statements.In December 2023, the FASB issued Update 2023-09 to improve income tax disclosure requirements, primarily related to rate reconciliations and income taxes paid. Update 2023-09 is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is evaluating the impact of the adoption of Update 2023-09 to the consolidated financial statements.In November 2023, FASB issued Update 2023-07, Segment Reporting (Topic 280): Improvements to