Company: RRGB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001171759-25-000012
Chunk: 117

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 117
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 that management reviews performance and allocates resources.The Company has one operating and one reportable segment: restaurants. We manage our business activities on a consolidated basis, as Red Robin restaurants all have similar customers, sell similar products, and have a similar process to sell those products. We primarily derive our revenue in the United States through the sale of food and beverage through its Company-owned locations as well as earn franchise fees from franchise restaurants. The accounting policies of the restaurant segment are the same as those described in Note 1. Description of Business and Summary of Significant Accounting Policies.Our Chief Operating Decision Maker ("CODM") is our Chief Executive Officer. The Company measures segment profit using consolidated Net income (loss). The CODM uses consolidated Net income (loss), as reported on our Consolidated Statements of Operations and Comprehensive Loss, in deciding whether to reinvest excess cash flow into the restaurant segment or into other parts of the Company. The CODM does not review assets in evaluating the results of the restaurant segment, and therefore, such information is not presented. Financial information for the Company's reportable segment is as follows (in thousands):

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Table of Contents

Year EndedDecember 29, 2024December 31, 2023December 25, 2022Revenues:Restaurant revenue$1,224,254 $1,274,294 $1,230,189 Franchise revenue14,941 15,867 19,306 Other revenue9,365 12,885 16,039 Total revenues1,248,560 1,303,046 1,265,534 Costs and expenses:Cost of sales292,392 308,962 306,509 Labor479,631 473,538 440,564 Other operating216,242 224,999 224,704 Occupancy103,359 102,761 98,868 General and administrative expenses81,721 89,360 84,912 Selling36,719 34,770 51,700 Other segment items(1)33,848 (2,076)39,529 Depreciation and amortization57,729 66,190 76,245 Interest expense, net and other24,550 25,460 20,639 Income tax expense (benefit)(90)310 747 Segment net income (loss)$(77,541)$(21,228)$(78,883)

(1) Other