Company: RRGB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001171759-25-000012
Chunk: 57

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 57
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 in part to the 53rd week in fiscal 2023.

•Comparable restaurant revenue(1) decreased 1.2%

•Net loss is $77.5 million, as compared to a net loss of $21.2 million during 2023. 

•Adjusted EBITDA(2) is $38.8 million, a 43.7% decrease.

(1)     Comparable restaurant revenue represents revenue from Company-owned restaurants that have operated for at least 18 months as of the beginning of the period presented. 

(2)    See below for a reconciliation of adjusted EBITDA, a non-GAAP measure, to Net loss.

Key Performance Indicators

Restaurant revenue, compared to the same period in the prior year, is presented in the table below:

(millions)Restaurant revenue for the fifty-three weeks ended December 31, 2023$1,274.3 Change in revenue due to fifty-third week of fiscal 2023(24.5)Change in comparable restaurant revenue(14.7)Change in non-comparable restaurant revenue(10.8)Total change(50.0)Restaurant revenue for the fifty-two weeks ended December 29, 2024$1,224.3 

Restaurant Data

The following table details restaurant unit data for our Company-owned and franchised locations for the periods indicated:

Fifty-Two Weeks EndedFifty-Three Weeks EndedDecember 29, 2024December 31, 2023Company-owned:  Beginning of period415 414 Opened— 1 Acquired from franchisees— 5 Closed(8)(5)End of period407 415 Franchised:  Beginning of period92 97 Opened— 1 Sold to Company— (5)Closed(1)(1)End of period91 92 Total number of restaurants498 507 

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Table of Contents

The following table presents total Company-owned and franchised restaurants by state or province as of December 29, 2024:

 Company-Owned RestaurantsFranchised RestaurantsState:Arkansas2 Alaska3 Alabama3 Arizona18 1 California57 Colorado21 Connecticut3 Delaware5 Florida16 Georgia6 Iowa5 Idaho8 Illinois17 Indiana11 Kansas5 Kentucky4 Louisiana1 Massachusetts5 Maryland11 Maine2 Michigan