secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001171759-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin reports Q3 net loss of $18.9M; comparable sales up 0.6%, adjusted EBITDA falls to $2.1M
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- Total revenues $274.6M, down $2.9M YoY; comparable restaurant revenue +0.6%, outperforming industry average per BlackBox.
- Net loss $18.9M vs $8.2M loss prior year; adjusted EBITDA $2.1M compared to $6.8M last year.
- FY2024 guidance: total revenue ~$1.250B, adjusted EBITDA $35-37.5M, capital expenditures ~$25M.
- Credit agreement amended extending covenant relief through Q1 2026; revolver capacity increased by $15M to $40M.
- Loyalty program members grew to 14.5M; sale-leaseback of 10 restaurants in Q1 yielded $23.3M net proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000041/0001171759-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175924000041/rrgb-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001171759-24-000041

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