Red Robin Q4 net loss widens to $44.2M, includes $25M impairment; FY2023 EBITDA guidance $62.5-72.5M

RED ROBIN GOURMET BURGERS INC

Q4 total revenues $290.1M (+2.4% YoY); comparable restaurant revenue +2.5% (1.5% ex breakage).
Q4 net loss $44.2M vs $21.3M loss a year ago; includes non-cash impairment $25.0M on 36 locations.
Q4 adjusted EBITDA $8.9M (flat YoY); adjusted loss per share $1.35 vs $1.03.
FY2022 adjusted EBITDA $52.8M vs $63.5M; FY2023 guidance: adjusted EBITDA $62.5M to $72.5M; total revenue ~$1.3B.
Sale-leaseback evaluation for up to 35 properties; expects transaction in Q2 2023.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RED ROBIN GOURMET BURGERS INC updated its the fourth fiscal quarter and fiscal year ended December 25, 2022 guidance (reaffirmed).

Period: the fourth fiscal quarter and fiscal year ended December 25, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Red Robin Gourmet Burgers, Inc. issued a press release describing selected financial results for the fourth fiscal quarter and fiscal year ended December 25, 2022

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RED ROBIN GOURMET BURGERS INC filing history →

Source: SEC EDGAR

accession 0001171759-23-000013

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