Red Robin Q2 net income $3.9M vs -$18M YoY; raises FY23 adjusted EBITDA guidance to $72.5-82.5M

RED ROBIN GOURMET BURGERS INC

2023-Q2 EPS reported $0.04 revenue$716,460,000

Revenue $298.6M, comparable restaurant revenue +1.5% (10th consecutive quarter of growth).
Net income $3.9M ($0.24 diluted EPS) vs net loss $18.0M ($-1.13) in prior year; adjusted EPS loss $0.24.
Adjusted EBITDA $15.5M (up $3.7M YoY); raised FY23 guidance to $72.5-82.5M from prior $70-80M.
Completed sale-leaseback of 9 properties for $28.5M net proceeds; repaid $15.5M debt, repurchased $5M stock.
Appointed Nicole Miller Regan as independent director, increasing board to nine.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Nicole Miller Regan

Director

RRGB · RED ROBIN GOURMET BURGERS INC

Effective: 2023-08-14
Filed: August 17, 2023, 7:59 PM ET

On August 14, 2023, the Board of Directors (the “Board”) of the Company increased the size of the Board from eight to nine members and appointed Nicole Miller Regan to fill the resulting vacancy, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicole Miller Regan was appointed as Director at RED ROBIN GOURMET BURGERS INC.

Action: appointed
Role: Director

Exact text from the filing

On August 14, 2023, the Board of Directors (the “Board”) of the Company increased the size of the Board from eight to nine members and appointed Nicole Miller Regan to fill the resulting vacancy, effective immediately.

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RED ROBIN GOURMET BURGERS INC filing history →

Source: SEC EDGAR

accession 0001171759-23-000043

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