Company: RRGB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001171759-25-000012
Chunk: 58

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 58
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19 Minnesota4 Missouri8 3 Montana1 North Carolina17 Nebraska4 New Hampshire3 New Jersey11 1 New Mexico3 Nevada6 New York14 Ohio16 3 Oklahoma5 Oregon15 5 Pennsylvania11 20 Rhode Island1 South Carolina4 South Dakota1 Tennessee9 Texas18 9 Utah1 5 Virginia18 Washington37 Wisconsin11 Province:British Columbia11Total40791

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Table of Contents

Results of Operations

Operating results for each fiscal period presented below are expressed as a percentage of total revenues, except for the components of restaurant operating costs, which are expressed as a percentage of restaurant revenue. Certain percentage amounts in the table below do not total due to rounding as well as restaurant operating costs being expressed as a percentage of restaurant revenue and not total revenues.

Year Ended December 29, 2024December 31, 2023Revenues:Restaurant revenue98.0 %97.8 %Franchise revenue1.2 1.2 Other revenue0.8 1.0 Total revenues100.0 %100.0 %Costs and expenses:Restaurant operating costs(1) (excluding depreciation and amortization shown separately below):Cost of sales23.9 %24.2 %Labor39.2 37.2 Other operating17.7 17.7 Occupancy8.4 8.1 Total restaurant operating costs89.2 87.2 Depreciation and amortization4.6 5.1 Selling, general, and administrative expenses9.5 9.5 Pre-opening costs— — Impairment and other charges (gains), net2.7 (0.2)Income (loss) from operations(4.3)%0.3 %Other expense (income):Interest expense2.0 %2.0 %Interest (income) and other, net(0.1)(0.1)Total other expenses, net2.0 2.0 Loss before income taxes(6.2)(1.6)Income tax expense (benefit)— — Net loss(6.2)%(1.6)%

(1)    Expressed as a percentage of restaurant revenue.

RevenuesYear Ended(Revenues in thousands)