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    Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 6, 2024

    11/6/24 4:05:00 PM ET
    $RRGB
    Restaurants
    Consumer Discretionary
    Get the next $RRGB alert in real time by email

    Delivers Comparable Restaurant Sales Increase

    Relaunched Loyalty Program Continues Growth

    Announces Credit Agreement Amendment

    ENGLEWOOD, Colo., Nov. 6, 2024 /PRNewswire/ -- Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal third quarter ended October 6, 2024.

    Highlights for the Third Quarter of Fiscal 2024, Compared to the Third Quarter of Fiscal 2023:

    • Total revenues are $274.6 million, a decrease of $2.9 million.
    • Comparable restaurant revenue(1) increased 0.6%.
    • Net loss is $18.9 million, compared to a net loss of $8.2 million last year.
    • Adjusted EBITDA(2) is $2.1 million compared to $6.8 million last year.
    • Relaunched loyalty program increased to 14.5 million members compared to 13.1 million last year.
    • Subsequent to the close of the third quarter, executed an amendment to the credit agreement that extends the adjustments to the financial covenants and expanded revolver capacity through the first quarter of fiscal 2026.

    Highlights for the Year to Date Period of Fiscal 2024, Compared to the Year to Date Period of Fiscal 2023:

    • Total revenues are $963.3 million, a decrease of $30.7 million.
    • Comparable restaurant revenue(1) declined 2.6% excluding a deferred revenue benefit led by the change in the Company's loyalty program. Including this benefit, Comparable restaurant revenue(1) declined 2.1%.
    • Net loss is $37.8 million, compared to a net loss of $7.5 million last year.
    • Adjusted EBITDA(2) is $26.1 million compared to $58.3 million last year.
    • Completed a sale-leaseback transaction for ten restaurants in the first quarter of fiscal 2024, generating net proceeds of approximately $23.3 million and a gain, net of expenses of $7.4 million.

    (1) Comparable restaurant revenue represents revenue from Company-owned restaurants that have operated 18 months as of the beginning of the period presented.

    (2) See "Reconciliation of Non-GAAP Results to GAAP Results" below for more details.

    G.J. Hart, Red Robin's President and Chief Executive Officer said, "Our third quarter results were largely in-line with our expectations and we continue to make progress against our North Star Plan."

    Hart continued, "Our North Star Plan is working with our comparable restaurant revenue exceeding the industry average, as measured by BlackBox, and our traffic returning to in line with the industry as we moved through the third quarter. With our guest satisfaction scores continuing to improve and at levels not seen since 2016, our guests are beginning to reward us for the investments we have made to revitalize Red Robin. Importantly, we are capitalizing on this momentum through our re-launched loyalty program and believe we are only scratching the surface of our potential."

    Hart concluded, "Despite the macroeconomic backdrop that has made our comeback journey more challenging, our team has remained focused on what we can control through effective execution of our strategic plan. Ultimately, we believe we are on the right path to drive sustainable long-term growth and return this beloved brand to prominence in the industry."

    Third Quarter 2024 Financial Summary

    The following table presents financial results for the fiscal third quarter and year to date periods of 2024, compared to results from the same periods in 2023 ($ in millions except per share data):





    Twelve Weeks Ended



    Forty Weeks Ended





    October 6, 2024



    October 1, 2023



    October 6, 2024



    October 1, 2023

    Total revenues



    $            274.6



    $            277.6



    $            963.3



    $            994.0

    Restaurant revenues



    270.6



    273.1



    943.6



    973.3

    Net income (loss)



    (18.9)



    (8.2)



    (37.8)



    (7.5)

    Income (loss) from operations



    (12.9)



    (1.9)



    (19.6)



    12.5

    Income (loss) from operations as a percent of total revenues



    (4.7) %



    (0.7) %



    (2.0) %



    1.3 %

    Restaurant Level Operating Profit(1)



    $              24.2



    $              30.4



    $            100.4



    $            127.2

    Restaurant Level Operating Profit Margin(1)



    9.0 %



    11.1 %



    10.6 %



    13.1 %

    Adjusted EBITDA (1)



    $                2.1



    $                6.8



    $              26.1



    $              58.3

    Net income (loss) per diluted share



    $             (1.20)



    $             (0.52)



    $             (2.42)



    $             (0.47)

    Adjusted income (loss) per diluted share(1)



    $             (1.13)



    $             (0.79)



    $             (2.39)



    $             (0.78)



    (1)           See "Reconciliation of Non-GAAP Results to GAAP Results" below for more details.

    Balance Sheet and Liquidity

    As of October 6, 2024, Red Robin had outstanding borrowings under its credit facility of $187.9 million and liquidity of approximately $42.0 million, including cash and cash equivalents and available borrowing capacity under its credit facility.

    On August 21, 2024, the Company entered into the second amendment to our credit agreement (the "Second Amendment"). The Second Amendment among other things: provides certain relief by increasing the required maximum net total leverage ratio covenant beginning in the third quarter of 2024 through the third quarter of 2025; increases the aggregate revolving commitments by $15.0 million to $40.0 million through the third quarter of 2025; removes the variable pricing grid and increases the applicable margin on all term loans and revolving loans that are SOFR-based loans to 7.50% per annum and that are ABR-based loans to 6.50% per annum; and adds additional reporting requirements.

    On November 4, 2024, the Company entered into the third amendment to our credit agreement (the "Third Amendment") which extended the terms of the Second Amendment through the first quarter of 2026.

    The Second Amendment and Third Amendment provide additional flexibility to support the Company's execution of its North Star business strategy. Additional information on the terms of the Second Amendment and Third Amendment can be found in the Company's Form 10-Q for the third quarter filed with the Securities and Exchange Commission.

    Outlook for Fiscal 2024 and Guidance Policy

    The Company provides guidance of select information related to its financial and operating performance, and such measures may differ from year to year. The projections are as of this date and the Company assumes no obligation to update or supplement this information.

    The Company's updated guidance for fiscal 2024 is:

    • Total revenue of approximately $1.250 billion;
    • Restaurant level operating profit of at least 10.5%, inclusive of investments in the Guest experience and rent expense related to the sale leaseback transactions;
    • Adjusted EBITDA of $35.0 million to $37.5 million;
    • Capital expenditures of approximately $25 million.

    Fiscal 2024 includes 52 weeks versus 53 weeks in fiscal 2023.

    Providing Income (loss) from operations and Net income (loss) guidance is potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items. As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.

    Investor Conference Call and Webcast

    Red Robin will host an investor conference call to discuss financial results for its third quarter of fiscal 2024 and outlook for fiscal 2024 today at 4:30 p.m. ET. The conference call can be accessed live over the phone by dialing 201-689-8560 which will be answered by an operator or by clicking Call Me™. The conference call should be accessed at least 10 minutes prior to its scheduled start.

    A replay will be available from approximately two hours after the end of the conference call and can be accessed by dialing 412-317-6671; the conference ID is 13748266. The replay will be available through Wednesday, November 13, 2024.

    The call will be webcast live and later archived from the Company's Investor Relations website.

    Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)

    Red Robin Gourmet Burgers, Inc. (www.redrobin.com), is a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name, Red Robin Gourmet Burgers and Brews. We believe nothing brings people together like burgers and fun around our table, and no one makes moments of connection over craveable food more memorable than Red Robin. We serve a variety of burgers and mainstream favorites to Guests of all ages in a casual, playful atmosphere. In addition to our many burger offerings, Red Robin serves a wide array of salads, appetizers, entrees, desserts, signature beverages and Donatos® pizza at select locations. It's now easy to enjoy Red Robin anywhere with online ordering available for to-go, delivery and catering, or you can download our new app for easy customization, access to the Red Robin Royalty® dashboard and more. There are more than 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements. Red Robin… YUMMM®!

    Forward-Looking Statements

    Forward-looking statements in this press release and in today's investor conference call regarding the Company's future performance; the implementation of the Company's "North Star" plan and the anticipated impacts thereof; our marketing strategy and brand positioning; the anticipated impacts of our recently re-launched loyalty program; operations improvement efforts; cost savings; our ability to drive traffic and bring Guests into our restaurants; guest satisfaction scores; macroeconomic conditions; our expectations for the fourth quarter; efforts to grow sales; our ability to build upon investments and transformational changes; anticipated uses of capital and planned investments; the flexibility provided by the Second Amendment and Third Amendment to our credit facility; plans for our restaurant portfolio; and statements under the heading "Outlook for Fiscal 2024 and Guidance Policy," including with respect to total revenue, restaurant level operating profit, capital expenditures and Adjusted EBITDA; and all other statements that are not historical facts are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on assumptions believed by the Company to be reasonable and speak only as of the date on which such statements are made. Without limiting the generality of the foregoing, words such as "expect," "believe," "anticipate," "intend," "plan," "project," "could," "should," "will," "outlook" or "estimate," or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date and cautions investors not to place undue reliance on any such forward-looking statements. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those described in the statements, including but not limited to the following: the risk that our performance for the remainder of 2024 will not be consistent with the first four weeks of the fourth quarter; the effectiveness of the Company's strategic initiatives, including our "North Star" plan, labor and service models, and operational improvement initiatives and our ability to execute on such strategic initiatives; the global and domestic economic and geopolitical environment and the impacts on the restaurant industry; our ability to effectively compete in the industry and attract and retain Guests; the adequacy of cash flows and the cost and availability of capital or credit facility borrowings; a privacy or security breach or a failure of our information technology systems; the effectiveness and timing of the Company's marketing and branding strategies, including the loyalty program and social media platforms; unanticipated changes in Guest traffic; changes in consumer preferences; leasing space including the location of such leases in areas of declining traffic; changes in cost and availability of commodities; interruptions in the delivery of food and other products from third parties; pricing increases and labor costs; changes in consumer behavior or preference; expanding our restaurant base;  maintaining and improving our existing restaurants; the transition and retention of our key personnel; our ability to recruit, staff, train, and retain our workforce; operating conditions, including adverse weather conditions, natural disasters, pandemics and other events affecting the regions where our restaurants are operated; actions taken by our franchisees that could harm our business or reputation; negative publicity regarding food safety or health concerns; protection of our intellectual property rights; changes in federal, state, or local laws and regulations affecting the operation of our restaurants; and an increase in litigation or legal claims by team members, franchisees, customers, vendors, stockholders and others. These factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements and risk factors described from time to time in the Company's Form 10-K, Form 10-Q, and Form 8-K reports (including all amendments to those reports) filed with the U.S. Securities and Exchange Commission.

    Comparable Restaurant Revenue

    The following table presents the percentage change in comparable restaurant revenue in the first quarter, second quarter, third quarter, and year to date periods of fiscal 2024:



    Increase (Decrease) Versus Prior Year



    Sixteen Weeks

    Ended

    April 21, 2024



    Twelve Weeks

    Ended
     

    July 14, 2024



    Twelve Weeks

    Ended

    October 6, 2024



    Forty Weeks

    Ended

    October 6, 2024

    Guest Traffic

    (9.4) %



    (6.7) %



    (4.3) %



    (6.5) %

    Menu Price Increase

    5.4 %



    7.6 %



    7.5 %



    6.7 %

    Menu Mix

    (1.7) %



    (0.9) %



    (1.1) %



    (2.0) %

    Discounts

    (0.6) %



    (0.8) %



    (1.4) %



    (0.8) %

    Change in unearned loyalty revenue

    (0.2) %



    2.2 %



    (0.1) %



    0.5 %

    Total Change in Comparable Restaurant Revenue

    (6.5) %



    1.4 %



    0.6 %



    (2.1) %

     

    RED ROBIN GOURMET BURGERS, INC.

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (In thousands, except per share data)

    (Unaudited)







    Twelve Weeks Ended

    Forty Weeks Ended





    October 6, 2024



    October 1, 2023

    October 6, 2024



    October 1, 2023

    Revenues:















    Restaurant revenue



    $         270,605



    $         273,133

    $         943,630



    $         973,307

    Franchise revenue



    3,007



    3,418

    12,635



    12,245

    Other revenue



    1,026



    1,009

    7,068



    8,468

    Total revenues



    274,638



    277,560

    963,333



    994,020

    Costs and expenses:















    Restaurant operating costs (excluding depreciation and

    amortization shown separately below):















    Cost of sales



    65,105



    65,128

    224,759



    236,171

    Labor



    107,692



    103,741

    370,559



    358,841

    Other operating



    49,740



    50,351

    168,014



    174,243

    Occupancy



    23,826



    23,523

    79,850



    76,806

    Depreciation and amortization



    13,330



    14,672

    44,886



    52,253

    General and administrative



    20,823



    18,543

    63,277



    64,801

    Selling



    5,467



    9,418

    31,052



    24,547

    Pre-opening costs



    —



    —

    —



    586

    Other charges (gains), net



    1,532



    (5,878)

    487



    (6,726)

    Total costs and expenses



    287,515



    279,498

    982,884



    981,522

















    Income (loss) from operations



    (12,877)



    (1,938)

    (19,551)



    12,498

















    Other expense:















    Interest expense



    6,322



    6,103

    18,907



    20,355

    Interest income and other, net



    (225)



    (158)

    (676)



    (814)

    Loss before income taxes



    (18,974)



    (7,883)

    (37,782)



    (7,043)

    Income tax provision (benefit)



    (98)



    278

    43



    453

    Net loss



    $         (18,876)



    $           (8,161)

    $         (37,825)



    $           (7,496)

    Loss per share:















    Basic



    $             (1.20)



    $             (0.52)

    $             (2.42)



    $             (0.47)

    Diluted



    $             (1.20)



    $             (0.52)

    $             (2.42)



    $             (0.47)

    Weighted average shares outstanding:















    Basic



    15,754



    15,799

    15,652



    15,949

    Diluted



    15,754



    15,799

    15,652



    15,949

     

    RED ROBIN GOURMET BURGERS, INC.

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (In thousands, except share amounts)

    (Unaudited)





    October 6, 2024



    December 31, 2023

    Assets:









    Current assets:









    Cash and cash equivalents



    $                    21,988



    $                    23,634

    Accounts receivable, net



    11,283



    21,592

    Inventories



    27,498



    26,839

    Prepaid expenses and other current assets



    10,370



    11,785

    Restricted cash



    8,300



    7,931

    Total current assets



    79,439



    91,781

    Property and equipment, net



    217,073



    261,258

    Operating lease assets, net



    345,364



    361,609

    Intangible assets, net



    13,676



    15,491

    Other assets, net



    13,896



    11,795

    Total assets



    $                  669,448



    $                  741,934











    Liabilities and stockholders' equity (deficit):









    Current liabilities:









    Accounts payable



    $                    29,573



    $                    27,726

    Accrued payroll and payroll-related liabilities



    33,908



    32,524

    Unearned revenue



    15,338



    36,067

    Current portion of operating lease obligations



    51,423



    43,819

    Accrued liabilities and other



    49,455



    46,201

    Total current liabilities



    179,697



    186,337

    Long-term debt



    180,688



    182,594

    Long-term portion of operating lease obligations



    353,435



    383,439

    Other non-current liabilities



    8,965



    10,006

    Total liabilities



    722,785



    762,376











    Stockholders' equity (deficit):









    Common stock; $0.001 par value: 45,000 shares authorized; 20,449 shares issued; 15,779 and

    15,528 shares outstanding as of October 6, 2024 and December 31, 2023



    20



    20

    Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of

       October 6, 2024 and December 31, 2023



    —



    —

    Treasury stock 4,670 and 4,921 shares, at cost, as of October 6, 2024 and December 31, 2023



    (165,747)



    (174,702)

    Paid-in capital



    225,666



    229,680

    Accumulated other comprehensive loss, net of tax



    (33)



    (22)

    Accumulated deficit



    (113,243)



    (75,418)

     Total stockholders' equity (deficit)



    (53,337)



    (20,442)

    Total liabilities and stockholders' equity (deficit)



    $                  669,448



    $                  741,934

    Reconciliation of Non-GAAP Results to GAAP Results

    In addition to the results provided in accordance with Generally Accepted Accounting Principles ("GAAP") throughout this press release, the Company has provided Adjusted EBITDA, Adjusted net income (loss) and Adjusted net income (loss) per share - diluted, which are non-GAAP measurements. We define EBITDA as net income (loss) before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA, Adjusted net income (loss) and Adjusted net income (loss) per share-diluted are supplemental measures of our performance that are not required by or presented in accordance with GAAP.  We believe these non-GAAP measures give the reader additional insight into the ongoing operational results of the Company, and are intended to supplement the presentation of the Company's financial results in accordance with GAAP. Adjusted EBITDA, Adjusted net income (loss) and Adjusted net income (loss) per share-diluted exclude the impact of non-operating or nonrecurring items including changes in estimates, asset impairments, litigation contingencies, gains (losses) on debt extinguishment, restaurant and office closure costs, gains on sale leaseback transactions, severance and executive transition costs and other non-recurring, non-cash or discrete items; net of income tax impacts.  Other companies may define these non-GAAP measures differently, and as a result may not be directly comparable to those of other companies.  Management believes this supplemental information will assist with comparisons of past and future financial results against the present financial results presented herein.

    The Company believes restaurant level operating profit is an important measure for management and investors because it is widely regarded in the restaurant industry as a useful metric by which to evaluate restaurant level operating efficiency and performance. The Company defines restaurant level operating profit to be income from operations less franchise revenue and other revenue, plus other charges (gains), net, pre-opening costs, selling costs, general and administrative expenses, and depreciation and amortization. The measure includes restaurant level occupancy costs that include fixed rents, percentage rents, common area maintenance charges, real estate and personal property taxes, general liability insurance, and other property costs, but excludes depreciation and amortization expense, substantially all of which is related to restaurant level assets, because such expenses represent historical sunk costs which do not reflect current cash outlay for the restaurants. The measure also excludes costs associated with selling, general, and administrative functions, pre-opening costs, as well as, other charges (gains), net because these costs are non-operating or nonrecurring and therefore not related to the ongoing operations of its restaurants. Restaurant level operating profit is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative, to income (loss) from operations as an indicator of financial performance. Restaurant level operating profit as presented may not be comparable to other similarly titled measures of other companies in the Company's industry.

    Reconciliation of Net Income (Loss) to Non-GAAP Adjusted Net Income (Loss) and Adjusted Income (Loss) per Share - Diluted

    (In thousands, except per share data, unaudited)







    Twelve Weeks Ended

    Forty Weeks Ended





    October 6, 2024

    October 1, 2023



    October 6, 2024

    October 1, 2023

    Net income (loss) as reported



    $          (18,876)



    $            (8,161)



    $          (37,825)



    $            (7,496)

    Other Charges (gains), net:

















    Gain on sale of restaurant property



    —



    (14,883)



    (7,425)



    (29,413)

    Litigation contingencies



    271



    3,600



    1,047



    9,140

    Restaurant closure costs, net



    (175)



    (91)



    422



    1,546

    Severance and executive transition



    22



    341



    1,104



    3,195

    Asset impairment



    178



    4,800



    1,306



    7,187

    Asset disposal and other, net



    1,179



    277



    3,799



    1,366

    Closed corporate office costs, net of sublease income



    57



    78



    234



    253

    Income tax effect



    (398)



    1,528



    (127)



    1,749

    Adjusted net income (loss)



    $          (17,742)



    $          (12,511)



    $          (37,465)



    $          (12,473)



















    Income (loss) per share - diluted:

















    Net income (loss) as reported



    $              (1.20)



    $              (0.52)



    $              (2.42)



    $              (0.47)

    Other charges (gains), net:

















    Gain on sale of restaurant property



    —



    (0.94)



    (0.47)



    (1.84)

    Litigation contingencies



    0.02



    0.23



    0.07



    0.57

    Restaurant closure costs, net



    (0.01)



    (0.01)



    0.03



    0.10

    Severance and executive transition



    —



    0.02



    0.07



    0.20

    Asset impairment



    0.01



    0.30



    0.08



    0.45

    Asset disposal and other, net



    0.07



    0.02



    0.24



    0.09

    Closed corporate office costs, net of sublease income



    —



    —



    0.01



    0.02

    Income tax effect



    (0.03)



    0.10



    (0.01)



    0.11

    Adjusted income (loss) per share - diluted



    (1.13)



    (0.79)



    (2.39)



    (0.78)



















    Weighted average shares outstanding:

















    Basic



    15,754



    15,799



    15,652



    15,949

    Diluted



    15,754



    15,799



    15,652



    15,949

     

    Reconciliation of Income (Loss) from Operations to Non-GAAP Restaurant-Level Operating Profit

    (In thousands, unaudited)







    Twelve Weeks Ended

    Forty Weeks Ended





    October 6, 2024



    October 1, 2023



    October 6, 2024



    October 1, 2023

    Income (loss) from operations



    $     (12,877)



    (4.7) %



    $          (1,938)



    (0.7) %



    $     (19,551)



    (2.0) %



    $       12,498



    1.3 %



































    Less:

































    Franchise revenue



    3,007



    1.1 %



    3,418



    1.2 %



    12,635



    1.3 %



    12,245



    1.2 %

    Other revenue



    1,026



    0.4 %



    1,009



    0.4 %



    7,068



    0.7 %



    8,468



    0.9 %



































    Add:

































    Other charges (gains), net



    1,532



    0.6 %



    (5,878)



    (2.1) %



    487



    0.1 %



    (6,726)



    (0.7) %

    Pre-opening costs



    —



    — %



    —



    — %



    —



    — %



    586



    0.1 %

    Selling



    5,467



    2.0 %



    9,418



    3.4 %



    31,052



    3.2 %



    24,547



    2.5 %

    General and administrative expenses



    20,823



    7.6 %



    18,543



    6.7 %



    63,277



    6.6 %



    64,801



    6.5 %

    Depreciation and amortization



    13,330



    4.9 %



    14,672



    5.3 %



    44,886



    4.7 %



    52,253



    5.3 %

    Restaurant-level operating profit



    $       24,242



    9.0 %



    $          30,390



    11.1 %



    $     100,448



    10.6 %



    $     127,246



    13.1 %



































    Income (loss) from operations as a percentage of total

    revenues



    (4.7) %







    (0.7) %







    (2.0) %







    1.3 %





    Restaurant-level operating profit margin (as a

    percentage of restaurant revenue)



    9.0 %







    11.1 %







    10.6 %







    13.1 %





     

    Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA

    (In thousands, unaudited)





    Twelve Weeks Ended



    Forty Weeks Ended



    October 6, 2024



    October 1, 2023



    October 6, 2024



    October 1, 2023

    Net income (loss) as reported

    $               (18,876)



    $                 (8,161)



    $               (37,825)



    $                 (7,496)

    Interest expense, net

    6,193



    5,885



    18,504



    19,766

    Income tax provision (benefit)

    (98)



    278



    43



    453

    Depreciation and amortization

    13,330



    14,672



    44,886



    52,253

    EBITDA

    549



    12,674



    25,608



    64,976

















    Other charges (gains), net:















    Gain on sale of restaurant property

    —



    (14,883)



    (7,425)



    (29,413)

    Litigation contingencies

    271



    3,600



    1,047



    9,140

    Restaurant closure costs (gains), net

    (175)



    (91)



    422



    1,546

    Severance and executive transition

    22



    341



    1,104



    3,195

    Asset impairment

    178



    4,800



    1,306



    7,187

    Asset disposal and other, net

    1,179



    277



    3,799



    1,366

    Closed corporate office costs, net of sublease income

    57



    78



    234



    253

    Adjusted EBITDA

    $                   2,081



    $                   6,796



    $                 26,095



    $                 58,250

     

    Cision View original content:https://www.prnewswire.com/news-releases/red-robin-gourmet-burgers-inc-reports-results-for-the-fiscal-third-quarter-ended-october-6-2024-302297949.html

    SOURCE Red Robin Gourmet Burgers, Inc.

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