secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001171759-23-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000029/0001171759-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000029/rrgb-20230524.htm
  HTML page:      https://secwatch.observer/filing/0001171759-23-000029

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