secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001171759-23-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000048/0001171759-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000048/rrgb-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001171759-23-000048

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