secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001171759-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000013/0001171759-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000013/rrgb-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001171759-23-000013

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