RED ROBIN GOURMET BURGERS INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
RRGB$8.47-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts)
| Year Ended | |||
|---|---|---|---|
| December 31, 2023 | December 25, 2022 | December 26, 2021 | |
| Revenues: | |||
| Restaurant revenue | $1,274,294 | $1,230,189 | $1,137,643 |
| Franchise revenue | 15,867 | 19,306 | 17,236 |
| Other revenue | 12,885 | 16,039 | 6,758 |
| Total revenues | 1,303,046 | 1,265,534 | 1,161,637 |
| Costs and expenses: | |||
| Restaurant operating costs (excluding depreciation and amortization shown separately below): | |||
| Cost of sales | 308,962 | 306,509 | 260,896 |
| Labor (includes $475, $958, and $894 of stock-based compensation) | 473,538 | 440,564 | 409,901 |
| Other operating | 224,999 | 224,704 | 207,829 |
| Occupancy | 102,761 | 98,868 | 96,484 |
| Depreciation and amortization | 66,190 | 76,245 | 83,438 |
| Selling, general, and administrative expenses (includes $6,329, $8,635, and $5,728 of stock-based compensation) | 124,130 | 136,612 | 122,743 |
| Pre-opening costs | 587 | 568 | 1,410 |
| Other charges (gains), net (includes $128, $(3,299), and $0 of stock-based compensation) | (2,663) | 38,961 | 16,074 |
| Total costs and expenses | 1,298,504 | 1,323,031 | 1,198,775 |
| Income (loss) from operations | 4,542 | (57,497) | (37,138) |
| Other expense (income): | |||
| Interest expense | 26,560 | 20,643 | 14,176 |
| Interest (income) and other, net | (1,100) | (4) | (719) |
| Total other expenses, net | 25,460 | 20,639 | 13,457 |
| Loss before income taxes | (20,918) | (78,136) | (50,595) |
| Income tax expense (benefit) | 310 | 747 | (152) |
| Net loss | $(21,228) | $(78,883) | $(50,443) |
| Loss per share: | |||
| Basic | $(1.34) | $(4.98) | $(3.22) |
| Diluted | $(1.34) | $(4.98) | $(3.22) |
| Weighted average shares outstanding: | |||
| Basic | 15,835 | 15,840 | 15,660 |
| Diluted | 15,835 | 15,840 | 15,660 |
| Other comprehensive (loss) income: | |||
| Foreign currency translation adjustment | $12 | $(35) | $5 |
| Other comprehensive (loss) income, net of tax | 12 | (35) | 5 |
| Total comprehensive loss | $(21,216) | $(78,918) | $(50,438) |
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