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Red Robin Gourmet Burgers, Inc. (RRGB) Q4 2023 Earnings Call Transcript

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q4 2023 Earnings Conference Call February 28, 2024 4:30 PM ET

Company Participants

G.J. Hart – President and Chief Executive Officer

Todd Wilson – Chief Financial Officer

Conference Call Participants

Alex Slagle – Jefferies

Todd Brooks – The Benchmark Company

Andrew Wolf – CL King

Operator

Good afternoon, everyone and welcome to the Red Robin Gourmet Burger Incorporated Fourth Quarter 2023 Earnings Call. This conference is being recorded.

During management’s presentation and in response to your questions, they will be making forward-looking statements about the company’s business outlook and expectations. These forward-looking statements and all other statements that are not historical facts reflects management’s beliefs and predictions as of today and therefore are subject to risks and uncertainties as described in the company’s SEC filing.

Management will also discuss non-GAAP financial measures as part of today’s conference call. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles, but are intended to illustrate alternative measures of the company’s operating performance that maybe useful. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures can be found in the earnings release. The company has posted its fourth quarter 2023 earnings release on its website at ir.redrobin.com.

Now, I would like to turn the call over to Red Robin’s President and Chief Executive Officer, G.J. Hart.

G.J. Hart

Good afternoon, everyone, and thank you all for joining us today and your interest in Red Robin. 2023 marked the first year of our North Star Plan and was a successful transformational year for our iconic brand. Operationally, we made the necessary investments in what we serve and how we serve it to ensure that every guest experience at Red Robin is a memorable one, and we are seeing early signs of traction from these initiatives.

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