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

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
. In accordance with ASC 740 - Income Taxes, the effects of changes in tax rates and laws are recognized in the period in which the legislation is enacted. The OBBBA did not have a material impact on the consolidated financial statements. 

7

2. Revenue 

Disaggregation of revenueIn the following table, revenue is disaggregated by type of good or service (in thousands):Twelve Weeks EndedForty Weeks EndedOctober 5, 2025October 6, 2024October 5, 2025October 6, 2024Restaurant revenue$260,909 $270,605 $926,024 $943,630 Franchise revenue3,265 3,007 10,940 12,635 Gift card breakage747 735 3,328 5,923 Other revenue207 291 890 1,145 Total revenues$265,128 $274,638 $941,182 $963,333 Contract LiabilitiesComponents of Unearned revenue in the Condensed Consolidated Balance Sheets are as follows (in thousands):October 5, 2025December 29, 2024Unearned gift card revenue$11,166 $24,333 Unearned Royalty revenue3,192 2,750 Unearned revenue$14,358 $27,083 Revenue recognized in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the redemption and breakage of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands):Twelve Weeks EndedForty Weeks EndedOctober 5, 2025October 6, 2024October 5, 2025October 6, 2024Gift card revenue$621 $1,133 $13,137 $15,672  We recognize revenue from our customer loyalty program, Red Robin Royalty, within Restaurant revenue in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) when a customer redeems an earned reward. Unearned revenue associated with our Royalty program is included in Unearned revenue in our Condensed Consolidated Balance Sheets. Changes in our unearned revenue balance related to our Royalty program were as follows (in thousands):Twelve Weeks EndedForty Weeks EndedOctober 5, 2025October 6, 2024October 5, 2025October 6, 2024Unearned Roy