Company: RRGB
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001171759-25-000020
Chunk: 0

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-05-29
Form: 10-Q
Item: Part I, Item 1
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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)April 20, 2025December 29, 2024Assets:Current assets:Cash and cash equivalents$24,150 $30,651 Accounts receivable, net13,100 19,688 Inventories27,016 26,737 Prepaid expenses and other current assets12,797 13,608 Restricted cash9,140 8,750 Total current assets86,203 99,434 Property and equipment, net178,147 181,224 Operating lease assets, net318,762 331,617 Intangible assets, net10,454 11,064 Assets held for sale— 4,313 Other assets, net12,663 13,662 Total assets$606,229 $641,314 Liabilities and stockholders' equity:Current liabilities:Accounts payable$32,976 $29,783 Accrued payroll and payroll-related liabilities38,783 39,672 Unearned revenue18,264 27,083 Current portion of operating lease liabilities51,620 50,083 Accrued liabilities and other43,899 42,931 Total current liabilities185,542 189,552 Long-term debt164,831 181,641 Long-term portion of operating lease liabilities327,850 345,635 Other non-current liabilities8,418 8,755 Total liabilities686,641 725,583 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; 17,738 and 17,403 shares outstanding as of April 20, 2025 and December 29, 202422 22 Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of April 20, 2025 and December 29, 2024— — Treasury stock 4,312 and 4,647 shares, at cost, as of April 20, 2025 and December 29, 202