---
schema_version: "secwatch.filing_event.v1"
accession: "0001171759-23-000029"
form_type: "8-K"
ticker: "RRGB"
cik: "0001171759"
company_name: "RED ROBIN GOURMET BURGERS INC"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T15:42:05.398500+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Red Robin Q1 comparable revenue +8.6%; raises FY 2023 guidance

## Summary
- Total revenues $418.0M (+$22.4M YoY); comparable restaurant revenue +8.6%; traffic +0.6%.
- Net loss $3.1M (flat); Adjusted EBITDA $36.1M (+$8.1M); Restaurant Level OP margin 14.7% vs 14.0%.
- Raises FY 2023 outlook: revenue at least $1.3B, comparable sales +2%–4%, Adj. EBITDA $70–80M.
- Sale-leaseback of 10 properties expected Q2 FY2023; gross proceeds ~$30M; adds ~$2M annual occupancy cost.
- Acquired five franchised restaurants in Northeast for ~$3.3M; ~$1M annual EBITDA. Appointed Jyoti Lynch as CTO.

## SEC filing metadata
- accession: 0001171759-23-000029
- form_type: 8-K
- ticker: RRGB
- cik: 0001171759
- company_name: RED ROBIN GOURMET BURGERS INC
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1171759/000117175923000029/0001171759-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1171759/000117175923000029/rrgb-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171759-23-000029
- JSON: https://secwatch.observer/filing/0001171759-23-000029.json
- Plain text: https://secwatch.observer/filing/0001171759-23-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.