secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001171759-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin Q1 net loss widens to $9.5M; revenue falls 6.5% YoY; early Q2 trends positive
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- Net loss of $9.5M ($0.61 per diluted share) vs $3.3M loss year ago; adjusted EBITDA $12.2M vs $35.9M.
- Total revenues $388.5M, down $29.3M; comparable restaurant revenue fell 6.5%.
- Completed sale-leaseback of 10 restaurants for $23.9M, repaid $21.2M debt in Q1.
- Comparable restaurant revenue up 0.3% in first five weeks of Q2; guidance reaffirmed: revenue $1.25-1.275B, EBITDA $60-70M.
- Launched new loyalty program on May 22, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000016/0001171759-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000016/rrgb-20240529.htm
  HTML page:      https://secwatch.observer/filing/0001171759-24-000016

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