Quarterly ResultMay 19, 2026, 04:41 PM
Red Robin Q1 Net Loss $(2.18)M; Revenue $378.26M
AI Summary
Red Robin Gourmet Burgers Inc. reported a net loss of $(2.18) million for the first quarter of fiscal 2026, a decline from a net income of $1.25 million in the same period last year. Total revenues also decreased to $378.26 million from $392.35 million year-over-year. The company also terminated its $40.0 million at-the-market equity offering program and saw an increase in asset impairment and restaurant closure costs.
Key Highlights
- Reported a net loss of $(2,178) thousand for the sixteen weeks ended April 19, 2026, compared to net income of $1,249 thousand in the prior year period.
- Total revenues decreased to $378,261 thousand for Q1 2026 from $392,351 thousand for Q1 2025.
- Basic loss per share was $(0.12) for Q1 2026, down from basic earnings per share of $0.07 for Q1 2025.
- Cash and cash equivalents increased to $24,275 thousand as of April 19, 2026, from $19,924 thousand as of December 28, 2025.
- Net cash provided by operating activities was $6,975 thousand for Q1 2026, a decrease from $19,574 thousand in Q1 2025.
- Asset impairment and restaurant closure costs, net, increased to $1,753 thousand for Q1 2026 from $210 thousand in Q1 2025.
- Long-term debt increased to $171,149 thousand as of April 19, 2026, from $164,741 thousand as of December 28, 2025.
- Voluntarily terminated its $40.0 million at-the-market equity offering program on February 23, 2026.
Price Impact
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