Company: RRGB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001171759-25-000012
Chunk: 64

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 64
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$1,110.3 (7.4)%Restaurant Level Operating Profit(1)$132.6 $164.0 (19.1)%

(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.

Fifty-Two Weeks EndedFifty-Three Weeks Ended2024 compared to 2023(Dollars in millions)December 29, 2024December 31, 2023Increase/(Decrease)Restaurant revenue$1,224.3 $1,274.3 (3.9)%Restaurant operating costs:(Percentage of Restaurant Revenue)(Basis Points)Cost of sales23.9 %24.2 %(30)Labor39.2 37.2 200 Other operating17.7 17.7 — Occupancy8.4 8.1 30 Total Restaurant Operating Costs89.2 %87.2 %200 Restaurant Level Operating Profit10.8 %12.9 %(210)

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.

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Table of Contents

The following table summarizes net loss and loss per diluted share, and adjusted loss per diluted share for the periods presented:

Fifty-Two Weeks EndedFifty-Three Weeks Ended(Dollars and shares in thousands, except per share amounts)December 29, 2024December 31, 2023Net loss as reported$(77,541)$(21,228)Loss per share - diluted:Net loss as reported$(4.93)$(1.34)Gift card breakage— 0.03 Impairment and other charges (gains), net:Asset impairment and restaurant closure costs, net2.17 0.77 Gain on sale of restaurant property(0.47)(1.87)Severance and executive transition0.08 0.22 Litigation contingencies0.07 0.58 Asset disposal and other, net0.32 0.13 Income tax effect(0.58)0.04 Adjusted loss per share - diluted$(3.34)$(1.44)Stock-based compensation expense0.44 0.43 Adjusted loss per share excluding Stock-based