Revenue: As of FY2026 Q2, the actual value is USD 378.26 M, beating the estimate of USD 273.28 M.EPS: As of FY2026 Q2, the actual value is USD -0.12, missing the estimate of USD 0.105.EBIT: As of FY2026 Q2, the actual value is USD 13.12 M.<h4>Segment Revenue</h4><ul><li>Total Revenues: Red Robin Gourmet Burgers, Inc.’s total revenues decreased by $14.1 million, or -3.6%, to $378.261 million for the sixteen weeks ended April 19, 2026, compared to $392.351 million for the same period in fiscal 2025.<ul><li>Restaurant Revenue: Decreased by $14.7 million, or -3.8%, to $371.101 million for the sixteen weeks ended April 19, 2026, from $385.809 million in the prior year period.</li><li>Franchise Revenue: Increased by $0.4 million, or 9.9%, to $4.932 million for the sixteen weeks ended April 19, 2026, from $4.489 million in the prior year period, primarily due to an increase in the franchisee contribution rate for marketing programs.</li><li>Other Revenue: Increased by $0.2 million, or 8.5%, to $2.228 million for the sixteen weeks ended April 19, 2026, from $2.053 million in the prior year period, primarily due to higher gift card breakage.</li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Net Income (Loss): The company reported a net loss of - $2.178 million for the sixteen weeks ended April 19, 2026, a decrease of $3.4 million compared to a net income of $1.249 million for the same period in fiscal 2025.</li><li>Income (Loss) from Operations: Income from operations was $5.487 million for the sixteen weeks ended April 19, 2026, down from $9.061 million for the same period in fiscal 2025.<ul><li>Operating Margin: Income from operations as a percentage of total revenues decreased to 1.5% for the sixteen weeks ended April 19, 2026, from 2.3% in the prior year period.</li></ul></li><li>Restaurant Operating Costs (as a percentage of restaurant revenue):<ul><li>Cost of Sales: Increased by 50 basis points to 23.3% for the sixteen weeks ended April 19, 2026, from 22.8% in the prior year, driven by higher commodity prices, partially offset by higher average guest check.</li><li>Labor: Decreased by 140 basis points to 35.7% for the sixteen weeks ended April 19, 2026, from 37.1% in the prior year, due to efforts to increase labor efficiency and menu price increases, partially offset by wage inflation and reduced guest counts.</li><li>Other Operating: Increased by 20 basis points to 17.7% for the sixteen weeks ended April 19, 2026, from 17.5% in the prior year, primarily due to higher restaurant supplies costs.</li><li>Occupancy: Increased by 20 basis points to 8.5% for the sixteen weeks ended April 19, 2026, from 8.3% in the prior year, mainly due to increased general liability insurance claims activity, partially offset by reduced rent from restaurant closures.</li><li>Total Restaurant Operating Costs: Decreased by 40 basis points to 85.2% for the sixteen weeks ended April 19, 2026, from 85.6% in the prior year.</li></ul></li><li>General and Administrative Expenses: Decreased by $3.9 million, or -14.4%, to $23.092 million for the sixteen weeks ended April 19, 2026, from $26.989 million in the prior year period, primarily due to a reduction in team member costs associated with lower headcount and timing of corporate events.</li><li>Selling Expenses: Increased by $3.9 million, or 41.3%, to $13.247 million for the sixteen weeks ended April 19, 2026, from $9.376 million in the prior year period, driven by paid media spend.</li><li>Other (Gains) Charges, net: Totaled $4.830 million for the sixteen weeks ended April 19, 2026, compared to $676 thousand for the same period in fiscal 2025, including asset impairment and restaurant closure costs of $1.753 million (vs. $210 thousand) and asset disposal and other, net of $2.920 million (vs. $711 thousand).</li><li>Interest Expense: Decreased by $0.3 million to $7.8 million for the sixteen weeks ended April 19, 2026, from $8.1 million in the prior year period, due to less debt and a decrease in the weighted average effective interest rate (13.4% vs. 14.1%).</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Decreased by $12.6 million to $6.975 million for the sixteen weeks ended April 19, 2026, compared to $19.574 million for the comparable period in fiscal 2025, primarily due to a decrease in working capital.</li><li>Net Cash Used in Investing Activities: Was - $6.707 million for the sixteen weeks ended April 19, 2026, an increase of $0.3 million in cash used compared to - $6.379 million for the comparable period in fiscal 2025, primarily due to the sale of restaurant property in the prior year period, partially offset by lower capital expenditures in fiscal 2026.</li><li>Net Cash Provided by (Used in) Financing Activities: Resulted in $4.115 million provided for the sixteen weeks ended April 19, 2026, compared to - $19.308 million used for the comparable period in fiscal 2025, with current period cash mainly from net borrowings on the revolving credit facility.</li></ul><h4>Unique Metrics</h4><ul><li>Comparable Restaurant Revenue: Decreased by 0.6% for the sixteen weeks ended April 19, 2026, including a 1.6% decrease in guest count and a 1.0% increase in average guest check.</li><li>Average Weekly Net Sales Volumes in Company-owned Restaurants: Increased by 2.1% to $60,706 for the sixteen weeks ended April 19, 2026, compared to $59,483 for the same period in fiscal 2025.</li><li>Restaurant Level Operating Profit: Was $54.759 million, or 14.8% of restaurant revenue, for the sixteen weeks ended April 19, 2026, compared to $54.994 million, or 14.3% of restaurant revenue, for the same period in fiscal 2025.</li><li>Adjusted EBITDA: Was $27.312 million for the sixteen weeks ended April 19, 2026, a 2% decrease from $27.909 million in the prior year period.</li></ul><h4>Future Outlook and Strategy</h4>Red Robin Gourmet Burgers, Inc. anticipates that its current cash, future cash flows from operations and gift card sales, and borrowing capacity will be sufficient to meet working capital and capital expenditure needs for the next 12 months. The company is actively evaluating financial and capital raising transactions, including debt refinancing, new debt issuances, equity issuances, property sales, and tactical refranchising. As of April 19, 2026, Red Robin Gourmet Burgers, Inc. had $40.8 million in liquidity, which included cash and cash equivalents and $16.5 million in available borrowing capacity under its credit facility.

Red Robin Gourmet | 10-Q: FY2026 Q2 Revenue Beats Estimate at USD 378.26 M