Red Robin Q3 net loss narrows to $8.2M; revenue down 3.2%, guidance adjusted

RED ROBIN GOURMET BURGERS INC

2023-Q3 EPS reported -$0.47 revenue$994,020,000

Net loss of $8.2M vs $12.7M prior year; adjusted EPS -$0.79 vs -$1.04.
Total revenues $277.6M, down 3.2%; comparable restaurant revenue decreased 3.4%.
Adjusted EBITDA $6.8M vs $3.9M; sale-leaseback generated $30.4M net proceeds.
Repaid $8.4M debt, repurchased $5M stock (480,071 shares at avg $10.33).
FY2023 guidance: revenue at least $1.3B; adjusted EBITDA narrowed to $72.5-$77.5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RED ROBIN GOURMET BURGERS INC reported the fiscal third quarter ended October 1, 2023 results: revenue $277.6 million, net income $8.2 million, EPS $(0.52) per diluted share.

Period: the fiscal third quarter ended October 1, 2023
Revenue: $277.6 million
Net income: $8.2 million
EPS: $(0.52) per diluted share
Result: reported results

Exact text from the filing

results for the fiscal third quarter ended October 1, 2023. Highlights for the Third Quarter of Fiscal 2023, Compared to the Third Quarter of Fiscal 2022: • Total revenues are $277.6 million, a decrease of $9.2 million. • Comparable restaurant revenue (1) decreased 3.4%. • Comparable restaurant dine-in sales (2) increased 0.5%. • Net loss is $8.2 million, a decrease

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RED ROBIN GOURMET BURGERS INC filing history →

Source: SEC EDGAR

accession 0001171759-23-000048

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