Company: RRGB
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001171759-25-000020
Chunk: 68

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-05-29
Form: 10-Q
Item: Part I, Item 2
Chunk 68
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 to rounding as well as restaurant operating costs being expressed as a percentage of restaurant revenue and not total revenues.

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The following table summarizes net income (loss), income (loss) per diluted share, and adjusted income (loss) per diluted share for the periods presented:Sixteen Weeks Ended(in thousands, except per share amounts)April 20, 2025April 21, 2024Net income (loss) as reported$1,249 $(9,460)Income (loss) per share - diluted:Net Income (loss) as reported$0.07 $(0.61)Stock-based compensation expense0.14 0.08 Other charges (gains), net:Restaurant closure costs, net0.01 0.01 Gain on sale of restaurant property(0.06)(0.48)Severance and executive transition0.05 0.06 Litigation contingencies— 0.03 Asset disposal and other, net 0.03 0.13 Income tax effect(0.05)0.05 Adjusted income (loss) per share - diluted(1)$0.19 $(0.73)Weighted average shares outstanding:Basic17,546 15,554 Diluted18,302 15,554 

(1) Beginning in the fiscal first quarter of 2025, the Company revised its definition of Adjusted Net income (loss) 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.

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The following table summarizes net income (loss), EBITDA, and adjusted EBITDA for the periods presented:

Sixteen Weeks EndedApril 20, 2025April 21, 2024Net income (loss) as reported$1,249 $(9,460)Interest expense, net7,964 7,313 Income tax provision (benefit)(3)181 Depreciation and amortization15,434 18,154 EBITDA24,644 16,188 Stock-based compensation expense2,589 1,190 Other charges (gains), net:Gain on sale of restaurant property(1,137)(7,425)Restaurant closure costs, net210 175 Severance and executive transition880 945 Litigation contingencies12 420 Asset disposal and other