Red Robin Files Q2 2024 10-Q
Ticker: RRGB · Form: 10-Q · Filed: Aug 22, 2024 · CIK: 1171759
Sentiment: neutral
Topics: 10-Q, earnings, restaurant-industry
TL;DR
Red Robin's Q2 10-Q is in - check financials for latest performance.
AI Summary
Red Robin Gourmet Burgers Inc. filed its 10-Q for the period ending July 14, 2024. The company reported financial results for the second quarter and the first half of the fiscal year. Specific financial figures and operational details are provided within the filing.
Why It Matters
This filing provides investors with the latest financial performance data for Red Robin, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company in the competitive restaurant industry, Red Robin faces inherent market and operational risks detailed in its SEC filings.
Key Numbers
- 20240714 — Reporting Period End Date (The 10-Q covers financial performance up to this date.)
- 20240822 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 12/29 — Fiscal Year End (Indicates the end of Red Robin's fiscal year.)
Key Players & Entities
- RED ROBIN GOURMET BURGERS INC (company) — Filer
- 20240714 (date) — Reporting Period End Date
- ENGLEWOOD (location) — Business Address City
- CO (location) — Business Address State
- 80112 (postal_code) — Business Address Zip
FAQ
What was Red Robin's net income or loss for the quarter ending July 14, 2024?
The filing does not explicitly state the net income or loss in the provided snippet, but it covers the period ending July 14, 2024.
What were the total revenues for Red Robin in the first half of fiscal year 2024?
The filing covers the period from January 1, 2024, to July 14, 2024, but specific revenue figures are not detailed in this excerpt.
How does Red Robin's performance in the second quarter of 2024 compare to the second quarter of 2023?
The filing indicates reporting periods for both Q2 2024 (ending July 14, 2024) and Q2 2023 (ending July 9, 2023), suggesting comparative data is available within the full document.
What is Red Robin's primary business segment?
Red Robin's primary business segments include restaurants, franchise operations, and product/service gift cards, as indicated by the XBRL tags.
Where is Red Robin Gourmet Burgers Inc. headquartered?
Red Robin Gourmet Burgers Inc. is headquartered in Englewood, Colorado, with a zip code of 80112.
Filing Stats: 4,726 words · 19 min read · ~16 pages · Grade level 17.1 · Accepted 2024-08-22 16:35:30
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value RRGB Nasdaq (Global Select M
Filing Documents
- rrgb-20240714.htm (10-Q) — 1183KB
- rrgb-20240714xex102.htm (EX-10.2) — 60KB
- rrgb-20240714xex103.htm (EX-10.3) — 41KB
- rrgb-20240714xex104.htm (EX-10.4) — 58KB
- rrgb-20240714xex105.htm (EX-10.5) — 26KB
- rrgb-20240714xex106.htm (EX-10.6) — 170KB
- rrgb-20240714xex311.htm (EX-31.1) — 10KB
- rrgb-20240714xex312.htm (EX-31.2) — 10KB
- rrgb-20240714xex321.htm (EX-32.1) — 8KB
- 0001171759-24-000033.txt ( ) — 5132KB
- rrgb-20240714.xsd (EX-101.SCH) — 29KB
- rrgb-20240714_cal.xml (EX-101.CAL) — 58KB
- rrgb-20240714_def.xml (EX-101.DEF) — 110KB
- rrgb-20240714_lab.xml (EX-101.LAB) — 439KB
- rrgb-20240714_pre.xml (EX-101.PRE) — 280KB
- rrgb-20240714_htm.xml (XML) — 510KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION ITEM 1.
Financial Statements (unaudited)
Financial Statements (unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations and Comprehensive Income ( Loss ) 2 Condensed Consolidated Statements of Stockholders' Equity (Deficit) 3 Condensed Consolidated Statements of Cash Flows 5 Notes to the Condensed Consolidated Financial Statements 6 ITEM 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 15 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 31 ITEM 4.
Controls and Procedures
Controls and Procedures 31
- OTHER INFORMATION
PART II - OTHER INFORMATION ITEM 1.
Legal Proceedings
Legal Proceedings 32 ITEM 1A.
Risk Factors
Risk Factors 32 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 ITEM 5. Other Information 33 ITEM 6. Exhibits 34 Signature 35 i Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements (unaudited)
ITEM 1. Financial Statements (unaudited) RED ROBIN GOURMET BURGERS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands, except for per share amounts) July 14, 2024 December 31, 2023 Assets: Current assets: Cash and cash equivalents $ 23,135 $ 23,634 Accounts receivable, net 12,617 21,592 Inventories 27,252 26,839 Prepaid expenses and other current assets 13,876 11,785 Restricted cash 7,992 7,931 Total current assets 84,872 91,781 Property and equipment, net 223,350 261,258 Operating lease assets, net 352,654 361,609 Intangible assets, net 15,064 15,491 Other assets, net 13,192 11,795 Total assets $ 689,132 $ 741,934 Liabilities and stockholders ' equity (deficit): Current liabilities: Accounts payable $ 31,737 $ 27,726 Accrued payroll and payroll-related liabilities 35,274 32,524 Unearned revenue 16,703 36,067 Current portion of operating lease obligations 51,912 43,819 Accrued liabilities and other 54,028 46,201 Total current liabilities 189,654 186,337 Long-term debt 162,309 182,594 Long-term portion of operating lease obligations 364,082 383,439 Other non-current liabilities 9,630 10,006 Total liabilities 725,675 762,376 Commitments and contingencies (see Note 8. Commitments and Contingencies) Stockholders' equity (deficit): Common stock; $ 0.001 par value: 45,000 shares authorized; 20,449 shares issued; 15,755 and 15,528 shares outstanding as of July 14, 2024 and December 31, 2023 20 20 Preferred stock, $ 0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of July 14, 2024 and December 31, 2023 — — Treasury stock 4,694 and 4,921 shares, at cost, as of July 14, 2024 and December 31, 2023 ( 166,585 ) ( 174,702 ) Paid-in capital 224,425 229,680 Accumulated other comprehensive loss, net of tax ( 36 ) ( 22 ) Accumulated deficit ( 94,367 ) ( 75,418 ) Total stockholders' equity (deficit) ( 36,543 ) ( 20,442 ) Total liabilities and stockholders' equity (deficit) $ 689,132 $ 741,9