secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0001171759-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin Q2 net loss $9.5M, cuts FY2024 EBITDA guidance to $40-45M
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- Net loss of $9.5M ($0.61/diluted share) vs net income of $3.9M in prior-year Q2.
- Total revenues $300.2M, up $1.5M YoY; comparable restaurant revenue declined 0.8% excl. deferred revenue benefit.
- Adjusted EBITDA $11.8M vs $15.5M a year ago; YTD adjusted EBITDA $24.0M vs $51.9M.
- Amended credit agreement on Aug 21: revolver capacity increased by $15M to $40M, covenant relief through Q3 2025.
- Updated FY2024 guidance: revenue ~$1.250B, restaurant-level OP 11.0-11.5%, adjusted EBITDA $40-45M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000032/0001171759-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000032/rrgb-20240822.htm
  HTML page:      https://secwatch.observer/filing/0001171759-24-000032

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