Company: RRGB
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001171759-25-000020
Chunk: 49

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-05-29
Form: 10-Q
Item: Part I, Item 8
Chunk 49
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 of Restaurant Revenue)(Basis Points)Cost of sales22.8 %23.8 %(100)Labor37.1 39.3 (220)Other operating17.5 17.6 (10)Occupancy8.3 8.3 — Total restaurant operating costs85.6 %88.9 %(330)Restaurant level operating profit14.3 %11.0 %330 

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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The following table summarizes net income (loss), income (loss) per diluted share, and adjusted income (loss) per diluted share for the periods presented:Sixteen Weeks Ended(in thousands, except per share amounts)April 20, 2025April 21, 2024Net income (loss) as reported$1,249 $(9,460)Income (loss) per share - diluted:Net Income (loss) as reported$0.07 $(0.61)Stock-based compensation expense0.14 0.08 Other charges (gains), net:Restaurant closure costs, net0.01 0.01 Gain on sale of restaurant property(0.06)(0.48)Severance and executive transition0.05 0.06 Litigation contingencies— 0.03 Asset disposal and other, net 0.03 0.13 Income tax effect(0.05)0.05 Adjusted income (loss) per share - diluted(1)$0.19 $(0.73)Weighted average shares outstanding:Basic17,546 15,554 Diluted18,302 15,554 

(1) 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.

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

Sixteen Weeks EndedApril 20, 2025April 21, 2024Net income (loss) as reported$1,249 $(9,460)Interest expense, net7,964