Red Robin Files Q3 2024 10-Q
Ticker: RRGB · Form: 10-Q · Filed: Nov 6, 2024 · CIK: 1171759
Sentiment: neutral
Topics: 10-Q, financials, restaurant
TL;DR
Red Robin's Q3 2024 10-Q is in. Check financials.
AI Summary
Red Robin Gourmet Burgers Inc. filed its 10-Q for the period ending October 6, 2024. The filing covers financial performance and operational details for the third quarter of fiscal year 2024. Key financial data and business segment information are presented within this report.
Why It Matters
This filing provides investors and analysts 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
- 2024-10-06 — Period End Date (Indicates the end of the reporting period for this 10-Q filing.)
- 2024-11-06 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- RED ROBIN GOURMET BURGERS INC (company) — Filer
- 2024-10-06 (date) — Period of Report
- 2024-11-06 (date) — Filing Date
- ENGLEWOOD, CO (location) — Business Address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is October 6, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 6, 2024.
What is the company's primary business classification?
The company's Standard Industrial Classification is RETAIL-EATING PLACES [5812].
Where is Red Robin Gourmet Burgers Inc. headquartered?
Red Robin Gourmet Burgers Inc. is headquartered in Englewood, CO.
What fiscal year end does the company follow?
The company's fiscal year ends on December 29.
Filing Stats: 4,806 words · 19 min read · ~16 pages · Grade level 18 · Accepted 2024-11-06 16:41:15
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value RRGB Nasdaq (Global Select M
Filing Documents
- rrgb-20241006.htm (10-Q) — 1232KB
- rrgb-20241006xex101.htm (EX-10.1) — 95KB
- rrgb-20241006xex311.htm (EX-31.1) — 10KB
- rrgb-20241006xex312.htm (EX-31.2) — 10KB
- rrgb-20241006xex321.htm (EX-32.1) — 8KB
- 0001171759-24-000042.txt ( ) — 4992KB
- rrgb-20241006.xsd (EX-101.SCH) — 30KB
- rrgb-20241006_cal.xml (EX-101.CAL) — 59KB
- rrgb-20241006_def.xml (EX-101.DEF) — 115KB
- rrgb-20241006_lab.xml (EX-101.LAB) — 445KB
- rrgb-20241006_pre.xml (EX-101.PRE) — 285KB
- rrgb-20241006_htm.xml (XML) — 544KB
- 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 14 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 30 ITEM 4.
Controls and Procedures
Controls and Procedures 30
- OTHER INFORMATION
PART II - OTHER INFORMATION ITEM 1.
Legal Proceedings
Legal Proceedings 31 ITEM 1A.
Risk Factors
Risk Factors 31 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 ITEM 5. Other Information 32 ITEM 6. Exhibits 33 Signature 34 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) 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 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; 15,779 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) $ 669,44