Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q4 2023 Earnings Conference Call February 28, 2024 4:30 PM ET Company Participants G.J. Hart - President and Chief Executive Officer Todd Wilson - Chief Financial Officer Conference Call Participants Alex Slagle - Jefferies Todd Brooks - The Benchmark Company Andrew Wolf - CL King Operator Good afternoon, everyone and welcome to the Red Robin Gourmet Burger Incorporated Fourth Quarter 2023 Earnings Call. This conference is being recorded. During management’s pre ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0 ...

Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Fourth Quarter and Fiscal Year Ended December 31, 2023 1.6% increase in fiscal 2023 comparable restaurant revenue $57.7 million improvement in net loss and a 33% increase in Adjusted EBITDA during fiscal 2023 Englewood, CO – February 28, 2024 – Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q (Mark One) For the quarterly period ended October 1, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34851 RED ROBIN GOURMET BURGERS, INC. (Exact name of registrant as specified in its charter) Delaware 84-1573084 (State or oth ...

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants G.J. Hart – President and Chief Executive Officer Todd Wilson – Chief Financial Officer Conference Call Participants Todd Brooks – Benchmark Company Alex Slagle – Jefferies Andrew Wolf – CL King Operator Good afternoon, everyone. And welcome to the Red Robin Gourmet Burgers, Incorporated Third Quarter 2023 Earnings Call. This conference is being recorded. During management’s presen ...

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q2 2023 Results Conference Call August 17, 2023 5:00 PM ET Company Participants G.J. Hart - CEO Todd Wilson - CFO Conference Call Participants Alex Slagle - Jefferies Andrew Wolf - CL King Todd Brooks - Benchmark Company Operator Good afternoon, everyone, and welcome to the Red Robin Gourmet Burgers, Inc. Second Quarter 2023 Earnings Call. This conference is being recorded. During management's presentation and in response to your questions, they will be making ...

Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 9, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-34851 RED ROBIN GOURMET BURGERS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q1 2023 Earnings Conference Call May 24, 2023 5:00 PM ET Company Participants G.J. Hart - President and Chief Executive Officer Todd Wilson - Chief Financial Officer Conference Call Participants Todd Brooks - The Benchmark Company Andrew Wolf - CL King Operator Good afternoon, everyone, and welcome to the Red Robin Gourmet Burgers Incorporated First Quarter 2023 Earnings Call. This conference is being recorded. During management's presentation and in response to ...

Financial Performance - Total revenues for the sixteen weeks ended April 16, 2023, were $418.0 million, an increase of $22.4 million or 5.6% compared to the same period in 2022[60]. - Net loss remained unchanged at $3.1 million, with a GAAP loss per diluted share of $0.19 compared to $0.20 in 2022[61][65]. - Income from operations was $4.3 million, representing 1.0% of total revenues, slightly down from 1.1% in 2022[62][69]. - Adjusted EBITDA increased by $8.1 million to $36.1 million, reflecting strong operational performance[62][67]. - Adjusted income per diluted share was $0.25, a significant improvement from an adjusted loss of $0.12 in 2022[65]. Revenue Growth - Comparable restaurant revenue increased by 8.6%, marking the ninth consecutive quarter of positive growth[62]. - Restaurant revenue for the sixteen weeks ended April 16, 2023, was $406.9 million, a 6.9% increase from $380.6 million in the same period of 2022[75]. - Comparable restaurant revenue increased by 8.6%, driven by an 8.0% rise in average guest check and a 0.6% increase in guest count[76]. - Comparable restaurant dine-in sales surged by 16.4% during the quarter[62]. Operating Costs - Total restaurant operating costs increased by 18.5% to $346.9 million, with cost of sales rising by 9.6% and labor costs by 5.3%[63]. - Cost of sales rose to $99.7 million, representing 24.5% of restaurant revenue, an increase of 60 basis points compared to the prior year[80]. - Labor costs increased to $145.4 million, accounting for 35.7% of restaurant revenue, a decrease of 60 basis points year-over-year[81]. - Other operating costs were $72.1 million, or 17.7% of restaurant revenue, a slight decrease of 10 basis points from the previous year[83]. - Occupancy costs decreased to $29.8 million, representing 7.3% of restaurant revenue, down 70 basis points compared to the same period in 2022[84]. - Depreciation and amortization expenses were $21.8 million, or 5.2% of total revenues, a decrease of 80 basis points year-over-year[86]. Capital Expenditures and Cash Flow - Net cash provided by operating activities rose by $4.0 million to $17.3 million for the sixteen weeks ended April 16, 2023[97]. - Net cash used in investing activities increased by $6.5 million to $16.1 million, primarily due to accelerated Donatos installations and restaurant improvements[98]. - Total capital expenditures for the sixteen weeks ended April 16, 2023, were $16.1 million, up from $9.7 million in the prior year[98]. Debt and Liquidity - Total debt outstanding decreased by $1.0 million to $213.9 million as of April 16, 2023[105]. - The company had $10.0 million of available borrowing capacity under its Credit Facility as of April 16, 2023[102]. - As of April 16, 2023, the company had $213.0 million of borrowings subject to variable interest rates[118]. Interest and Tax - Interest expense for the sixteen weeks ended April 16, 2023, was $7.8 million, with a weighted average interest rate of 11.6%, up from 8.2% in the prior year[91]. - Interest income increased by $0.7 million to $0.4 million for the sixteen weeks ended April 16, 2023, compared to an expense of $0.3 million in the prior year[92]. - The effective tax rate decreased to 0.6% for the sixteen weeks ended April 16, 2023, from 2.0% in the same period of 2022[93]. Share Repurchase - The company repurchased 226,500 shares at an average price of $29.14 per share for a total of $6.6 million since the program's inception[107]. Commodity Dependency - The company's restaurant menus are highly dependent on select commodities, including ground beef, poultry, and potatoes[119]. - A 1.0% increase in food and beverage costs would negatively impact cost of sales by approximately $3.2 million on an annualized basis[119]. - A 1.0% change in the effective interest rate would result in a pre-tax interest expense fluctuation of $2.1 million on an annualized basis[118].

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q4 2022 Earnings Conference Call February 28, 2023 5:00 PM ET Company Participants G.J. Hart - President and Chief Executive Officer Todd Wilson - Chief Financial Officer Conference Call Participants Alex Slagle - Jefferies Todd Brooks - The Benchmark Company Andrew Wolf - CL King Operator Good afternoon everyone, and welcome to the Red Robin Gourmet Burgers, Inc., Fourth Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. [Oper ...