Red Robin Gourmet Burgers(RRGB)

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Red Robin Gourmet Burgers(RRGB) - 2022 Q4 - Annual Report
2023-02-28 22:06
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 25, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities Registered Pursuant to Section 12(g) of the Act ...
Red Robin Gourmet Burgers (RRGB) Presents At ICR Conference 2023 - Slideshow
2023-01-23 12:09
Red Robin. ICR 2023 ● . ● . . . . . . . . . ● ● . . . . . . . . . FORWARD LOOKING STATEMENTS Forward-looking statements regarding the Company's future performance; "North Star" strategic plan; preliminary results including revenue; Adjusted EBITDA projections; potential Sale-Leaseback transactions, timing, and anticipated uses of proceeds including potential share repurchases; capital expenditures including investment in our restaurants and systems, new restaurant growth; pricing expectations; our ability t ...
Red Robin Gourmet Burgers(RRGB) - 2022 Q3 - Earnings Call Transcript
2022-11-03 02:12
Financial Data and Key Metrics Changes - Comparable restaurant revenues grew by 5.3% compared to 2021 and 5.9% compared to 2019, marking the third consecutive quarter of positive comparable restaurant revenues versus pre-pandemic sales [25] - Total company revenue increased by 4.2% to $286.9 million, driven by increased pricing and favorable menu mix shifts [30] - Adjusted EBITDA was $4 million, down from $8.3 million in Q3 2021, with adjusted loss per diluted share at $1.03 compared to $0.88 in Q3 2021 [36] Business Line Data and Key Metrics Changes - Off-premises sales dollars were more than double pre-pandemic levels, with third-party delivery at 53.5%, To-Go at 34.9%, catering at 7.5%, and Red Robin Delivery at 4.1% [26] - Average guest check increased by 9%, driven by a 7.7% increase in pricing and a 2.5% increase in menu mix [29] Market Data and Key Metrics Changes - The company outperformed peers in category sales and traffic in Q3, attributed to new limited-time product offerings and compelling promotions [15] - Restaurants with Donatos Pizza outperformed non-Donatos restaurants by 10.1% versus 2019, up from approximately 8% in Q2 and 5% in Q1 [18] Company Strategy and Development Direction - The company aims to strengthen restaurant management structure and service model, improve food quality, and optimize the menu [13] - There is a focus on enhancing the guest experience and operational efficiency, with plans to prioritize capital spending on refreshing the restaurant base [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged higher-than-expected commodity and operating costs but expects restaurant margins to improve in Q4 and beyond [22][40] - The company plans to implement additional pricing in Q4 to mitigate inflation while retaining a strong value proposition [39] Other Important Information - The company ended the quarter with liquidity of approximately $75 million, including cash and cash equivalents and available borrowing capacity [28] - Leadership changes were announced, including the retirement of CFO Lynn Schweinfurth and the appointment of Todd Wilson as the new CFO [44][46] Q&A Session Summary Question: Insights on current strategy and macro backdrop - Management is focused on enhancing the brand's core values and improving execution at a higher level, including expanding the menu and improving guest experience [61][64] Question: Clarification on guidance and EBITDA outlook - The majority of the change in guidance is attributed to higher commodity and operating costs experienced in Q3 [73] Question: Thoughts on Donatos rollout and future expansion - Management is prioritizing existing restaurant maintenance and refreshes before focusing on the expansion of Donatos [75][91] Question: Capital allocation for deferred maintenance - An assessment of deferred maintenance needs is ongoing, and specific capital allocation will be communicated once the plan is finalized [82] Question: Profitability model and investment strategy for 2023 - Management believes in a balanced approach between investment in quality and operational improvements while recognizing the need for returns on these investments [87][88] Question: Corporate versus franchise growth strategy - Future growth will be a combination of corporate and franchise-driven initiatives, with a focus on stabilizing the brand before significant expansion [90][92]
Red Robin Gourmet Burgers(RRGB) - 2022 Q3 - Quarterly Report
2022-11-02 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 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 October 2, 2022 or (State or oth ...
Red Robin Gourmet Burgers(RRGB) - 2022 Q2 - Earnings Call Transcript
2022-08-11 01:45
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q2 2022 Earnings Conference Call August 10, 2022 4:30 PM ET Company Participants Paul Murphy - CEO Lynn Schweinfurth - CFO Conference Call Participants Alex Slagle - Jefferies Todd Brooks - The Benchmark Company Operator Good afternoon, everyone. And welcome to the Red Robin Gourmet Burgers Incorporated Second Quarter 2022 Earnings Call. Please note that today's call is being recorded. During today's conference call, management will be making forward-looking st ...
Red Robin Gourmet Burgers(RRGB) - 2022 Q2 - Quarterly Report
2022-08-10 21:06
Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 10, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 10000 E. Geddes Avenue, Suite 500 Englewood, Colorado 80112 (Address of principal executive offices) (Zip Code) (303) 846-6000 (Registrant's telephone numbe ...
Red Robin Gourmet Burgers(RRGB) - 2022 Q1 - Earnings Call Transcript
2022-05-27 00:38
Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) Q1 2022 Earnings Conference Call May 26, 2022 5:00 PM ET Company Participants Paul Murphy - CEO Lynn Schweinfurth - CFO Conference Call Participants Alex Slagle - Jefferies Brian Vaccaro - Raymond James Operator Good afternoon, everyone, and welcome to the Red Robin Gourmet Burgers, Inc. First Quarter 2022 Earnings Call. Please note that today's call is being recorded. During today's conference call, Management will be making forward-looking statements about the ...
Red Robin Gourmet Burgers(RRGB) - 2022 Q1 - Quarterly Report
2022-05-26 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 April 17, 2022 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 othe ...
Red Robin Gourmet Burgers(RRGB) - 2021 Q4 - Earnings Call Presentation
2022-03-11 21:50
| --- | --- | |-----------------------------------------|---------------| | | | | March 10, 2022 | | | Red Robin Gourmet Burgers, Inc. | Reports | | Results for the Fiscal Fourth | Quarter and | | Year Ended December 26, 2021 | | GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- 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 atmosphere, today reported financial resul ...
Red Robin Gourmet Burgers(RRGB) - 2021 Q4 - Earnings Call Transcript
2022-03-11 00:58
Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) Q4 2021 Results Conference Call March 10, 2022 5:00 PM ET Company Participants Paul Murphy - CEO Lynn Schweinfurth - CFO Conference Call Participants Alex Slagle – Jefferies Brian Vaccaro - Raymond James Todd Brooks - Benchmark Operator Good afternoon, everyone, and welcome to the Red Robin Gourmet Burgers Incorporated Fourth Quarter 2021 Earnings Call. Please note that today's call is being recorded. During today's conference call, management will be making forw ...