Company: RRGB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051046
Chunk: 69

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 periods presented:

Twelve Weeks EndedForty Weeks Ended(Dollars in thousands)October 5, 2025October 6, 2024October 5, 2025October 6, 2024Net income (loss) as reported$(18,419)$(18,876)$(13,177)$(37,825)Interest expense, net5,909 6,193 19,594 18,504 Income tax provision (benefit)273 (98)174 43 Depreciation and amortization12,019 13,330 39,031 44,886 EBITDA(218)549 45,622 25,608 Stock-based compensation expense(1)1,405 2,122 5,483 5,151 Other charges (gains), net:Gain on sale of restaurant property— — (1,137)(7,425)Asset impairment and restaurant closure costs, net911 3 (494)1,728 Severance and executive transition539 22 1,878 1,104 Litigation contingencies3,155 271 3,178 1,047 Asset disposal, and other, net1,821 1,236 3,421 4,033 Adjusted EBITDA(2)$7,613 $4,203 $57,951 $31,246 

(1) Consists of compensation expense associated with stock-based awards including phantom performance awards that may be settled in stock or cash at the Company’s option.

(2) Beginning in the fiscal first quarter of fiscal 2025, the Company revised its definition of Adjusted EBITDA 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.

We define EBITDA as net income (loss) before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA and Adjusted net income (loss) per share-diluted are supplemental measures of our performance that are not required by or presented in accordance with GAAP. We believe these non-GAAP measures give the reader additional insight into the ongoing operational results of the Company, and are intended to supplement the presentation of the Company's financial results in accordance with GAAP. Adjusted EBITDA, Adjusted net income (loss