Company: RRGB
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001171759-25-000020
Chunk: 21

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-05-29
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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337.1 (1.9)%Restaurant level operating profit(1)$55.0 $41.5 32.5 %

(1) Restaurant level operating profit is a non-GAAP measure. See below for a reconciliation of restaurant level operating profit to Income from Operations and Income from Operations as a percentage of total revenues.

Sixteen Weeks Ended(Dollars in millions)April 20, 2025April 21, 2024Increase/(Decrease)Restaurant revenue $385.8 $378.6 1.9 %Restaurant operating costs:(Percentage of Restaurant Revenue)(Basis Points)Cost of sales22.8 %23.8 %(100)Labor37.1 39.3 (220)Other operating17.5 17.6 (10)Occupancy8.3 8.3 — Total restaurant operating costs85.6 %88.9 %(330)Restaurant level operating profit14.3 %11.0 %330 

Certain percentage and basis point amounts in the table above do not total due to rounding as well as restaurant operating costs being expressed as a percentage of restaurant revenue and not total revenues.

21

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