secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001171759-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin reports FY 2023 net loss improvement of $57.7M, Adj. EBITDA up 33%; guides FY 2024 revenue $1.25-1.275B
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- Q4 total revenues $309.0M (+$19.4M YoY); comparable restaurant revenue -2.7%; net loss $13.7M vs $44.7M loss prior year.
- Full year 2023: total revenues $1.303B (+$37.5M), comparable +1.6%; net loss $21.2M vs $78.9M loss in 2022; Adjusted EBITDA $68.9M (+33%).
- Repaid $24.9M debt and repurchased $10.0M stock in 2023; expects Q1 2024 sale-leaseback of 8-11 properties for $20-26M gross proceeds.
- FY 2024 guidance: total revenue $1.250B-$1.275B (52 weeks vs 53); Adj. EBITDA $60M-$70M; CapEx $25M-$35M.
- Balance sheet: $189.1M credit facility borrowings, $48.6M liquidity; sale-leaseback proceeds to further reduce debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000010/0001171759-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000010/rrgb-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001171759-24-000010

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