$RRGB

RED ROBIN GOURMET BURGERS INC

CIK:0001171759|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 12, 2026	Jul. 13, 2025	Jul. 12, 2026	Jul. 13, 2025
Revenues:
Total revenues	$ 277,641	$ 283,703	$ 655,901	$ 676,055
Restaurant operating costs (excluding depreciation and amortization shown separately below):
Cost of sales	64,086	65,159	150,686	153,186
Labor	96,972	99,709	229,365	242,767
Other operating	48,403	49,600	114,107	117,132
Occupancy	23,077	24,329	54,723	56,526
Depreciation and amortization	9,747	11,579	25,010	27,013
General and administrative (includes $2,035; $1,489; $3,699; and $4,078 of stock-based compensation)	17,627	17,418	40,719	44,408
Selling	10,366	6,350	23,613	15,726
Other (gains) charges, net (includes $0; $(3,868); $0; and $(4,093) of stock-based compensation)	1,119	(256)	5,949	420
Total costs and expenses	271,397	273,888	644,172	657,178
Income (loss) from operations	6,244	9,815	11,729	18,877
Other (income) expense:
Interest expense	5,695	5,849	13,467	13,915
Interest (income) and other, net	172	70	34	(181)
Total other expenses, net	5,867	5,919	13,501	13,734
Income (loss) before income taxes	377	3,896	(1,772)	5,143
Income tax (benefit) expense	(9)	(97)	20	(99)
Net income (loss)	$ 386	$ 3,993	$ (1,792)	$ 5,242
Income (loss) per share:
Basic (in dollars per share)	$ 0.02	$ 0.22	$ (0.10)	$ 0.30
Diluted (in dollars per share)	$ 0.02	$ 0.21	$ (0.10)	$ 0.28
Weighted-average shares outstanding:
Basic (in shares)	18,727	17,799	18,380	17,655
Diluted (in shares)	21,870	18,925	18,380	18,598
Other comprehensive income (loss):
Foreign currency translation adjustment	$ (2)	$ 0	$ (2)	$ 2
Other comprehensive income (loss), net of tax	(2)	0	(2)	2
Total comprehensive income (loss)	384	3,993	(1,794)	5,244
Restaurant revenue
Revenues:
Total revenues	272,620	279,305	643,720	665,115
Franchise revenue
Revenues:
Total revenues	3,638	3,186	8,570	7,675
Other revenue
Revenues:
Total revenues	$ 1,383	$ 1,212	$ 3,611	$ 3,265

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 12, 2026	Jul. 13, 2025
Cash Flows From Operating Activities:
Net income (loss)	$ (1,792)	$ 5,242
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	25,010	27,013
Gift card breakage	(2,857)	(2,581)
Asset impairment	1,673	720
Non-cash other (gains) charges	(1,224)	(3,926)
Stock-based compensation expense	3,699	(89)
Gain on sale of restaurant property	(900)	(1,137)
Amortization of debt issuance cost	1,912	2,021
Other, net	509	467
Changes in operating assets and liabilities:
Accounts receivable and other, net	5,627	6,793
Inventories	763	43
Prepaid expenses and other current assets	940	943
Operating lease assets, net of liabilities	(5,799)	(5,614)
Trade accounts payable and accrued liabilities	(5,096)	7,050
Unearned revenue	(8,562)	(8,387)
Other operating assets and liabilities, net	598	953
Net cash provided by (used in) operating activities	14,501	29,511
Cash Flows From Investing Activities:
Purchases of property, equipment, and intangible assets	(11,506)	(18,500)
Proceeds from sale of property and equipment, and other	5,424	6,118
Net cash provided by (used in) investing activities	(6,082)	(12,382)
Cash Flows From Financing Activities:
Net (repayments) borrowings on revolving credit facility	(3,000)	(17,500)
Repayments of borrowings on term loan	0	(2,770)
Repayments of insurance premium financing	(2,060)	(2,673)
Proceeds (uses) from other financing activities, net	(374)	(44)
Net cash provided by (used in) financing activities	(5,434)	(22,987)
Net change in cash and cash equivalents, and restricted cash	2,985	(5,858)
Cash and cash equivalents, and restricted cash, beginning of period	29,539	39,401
Cash and cash equivalents, and restricted cash, end of period	32,524	33,543
Supplemental disclosure of cash flow information
Interest paid	10,947	11,206
Accrued purchases of property, equipment, and intangible assets	4,470	3,550
Right of use assets obtained in exchange for operating lease obligations	$ 17,294	$ 8,821

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 12, 2026	Dec. 28, 2025
Current assets:
Cash and cash equivalents	$ 22,849	$ 19,924
Accounts receivable, net	13,813	19,441
Inventories	17,012	25,729
Prepaid expenses and other current assets	12,285	14,234
Restricted cash	9,675	9,615
Current assets held for sale	53,791	0
Total current assets	129,425	88,943
Property and equipment, net	97,826	158,105
Operating lease assets, net	285,494	295,996
Intangible assets, net	7,952	9,155
Noncurrent assets held for sale	0	2,263
Other assets, net	8,015	9,065
Total assets	528,712	563,527
Current liabilities:
Accounts payable	27,897	31,391
Accrued payroll and payroll-related liabilities	38,972	44,039
Unearned revenue	15,868	27,287
Current portion of operating lease liabilities	49,152	49,111
Accrued liabilities and other	49,188	46,801
Total current liabilities	181,077	198,629
Long-term debt	163,356	164,741
Long-term portion of operating lease liabilities	282,790	300,055
Other non-current liabilities	7,079	6,450
Total liabilities	634,302	669,875
Commitments and contingencies (see Note 10.)
Stockholders' equity (deficit):
Common stock, $0.001 par value: 45,000 shares authorized; 22,050 shares issued; 18,888 and 18,009 shares outstanding as of July 12, 2026 and December 28, 2025	22	22
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of July 12, 2026 and December 28, 2025	0	0
Treasury stock: 3,162 and 4,041 shares, at cost, as of July 12, 2026 and December 28, 2025	(111,812)	(143,247)
Paid-in capital	184,297	213,180
Accumulated other comprehensive income (loss), net of tax	(62)	(60)
Retained earnings (accumulated deficit)	(178,035)	(176,243)
Total stockholders' equity (deficit)	(105,590)	(106,348)
Total liabilities and stockholders' equity (deficit)	$ 528,712	$ 563,527