Company: RRGB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051046
Chunk: 29

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 to the impact of increases in fixed rents and general liability insurance reserves, and deleverage from reduced guest counts, offset in part by menu price increases and reduced rent associated with the closure of 18 locations since the third quarter of fiscal 2024.

Depreciation and Amortization

Twelve Weeks EndedForty Weeks Ended(In thousands, except percentages)October 5, 2025October 6, 2024Percent ChangeOctober 5, 2025October 6, 2024Percent ChangeDepreciation and amortization$12,019 $13,330 (9.8)%$39,031 $44,886 (13.0)%As a percent of total revenues4.5 %4.9 %(0.4)%4.1 %4.7 %(0.6)%

Depreciation and amortization includes depreciation on capital expenditures for restaurants and corporate assets as well as amortization of reacquired franchise rights, leasehold interests, and certain liquor licenses. 

For the third quarter of fiscal 2025, depreciation and amortization expense as a percentage of revenue decreased 40 basis points compared to the comparable period in fiscal 2024, primarily due to asset impairments and restaurant closures.

For the year to date period of fiscal 2025, depreciation and amortization expense as a percentage of revenue decreased 60 basis points compared to the comparable period in fiscal 2024, primarily due to asset impairments, restaurant closures, and a sale-leaseback transaction that closed in the first quarter of fiscal 2024, reducing the depreciable asset base.

21

General and Administrative ExpensesTwelve Weeks EndedForty Weeks Ended(In thousands, except percentages)October 5, 2025October 6, 2024Percent ChangeOctober 5, 2025October 6, 2024Percent ChangeGeneral and administrative$16,912 $20,823 (18.8)%$61,320 $63,277 (3.1)%As a percent of total revenues6.4 %7.6 %(1.2)%6.5 %6.6 %(0.1)%

General and administrative costs include all corporate and administrative functions. Components of this category include restaurant support center, regional, and franchise support salaries and benefits, travel, professional and consulting fees, corporate information systems, legal expenses, office rent, training, and Board of Directors' expenses. 

General and