secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001171759-23-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000043/0001171759-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000043/rrgb-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001171759-23-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer