Company: RRGB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051046
Chunk: 33

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 Ended(in thousands, except per share amounts)October 5, 2025October 6, 2024October 5, 2025October 6, 2024Net income (loss) as reported$(18,419)$(18,876)$(13,177)$(37,825)Income (loss) per share - diluted:Net income (loss) as reported$(1.03)$(1.20)$(0.74)$(2.42)Stock-based compensation expense(1)0.08 0.13 0.31 0.33 Other charges (gains), net:Gain on sale of restaurant property— — (0.07)(0.47)Asset impairment and restaurant closure costs, net0.05 — (0.03)0.11 Severance and executive transition0.03 — 0.11 0.07 Litigation contingencies0.18 0.02 0.18 0.07 Asset disposal and other, net 0.10 0.08 0.19 0.26 Income tax effect(0.11)(0.06)(0.18)(0.10)Adjusted net income (loss) per share - diluted(2)$(0.70)$(1.03)$(0.23)$(2.15)Weighted average shares outstanding:Basic17,914 15,754 17,732 15,652 Diluted17,914 15,754 17,732 15,652 

(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 2025, the Company revised its definition of Adjusted net income (loss) 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.

24

The following table summarizes net income (loss), EBITDA, and adjusted EBITDA for the 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