红罗宾汉堡连琐店 2025年度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growthcompany. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule12b-2 of the ExchangeAct. LargeacceleratedfilerAccelerated filerNon-acceleratedfiler Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). The aggregate market value of the voting and non-voting common stock held by non-affiliates (based on the closing price on the last business day of the registrant'smost recently completed second fiscal quarter on The Nasdaq Global Select Market) was $83.1million. All executive officers and directors of the registrant have beendeemed, solely for the purpose of the foregoing calculation, to be "affiliates" of the registrant. There were 18,074,472 shares of common stock outstanding as of February18, 2026. Forward-Looking Statements Certain information and statements contained in this report are forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act. Forward-looking statements includestatements regarding our expectations, beliefs, intentions, plans, objectives, goals, strategies, future events or performance, and underlyingassumptions and other statements that are not historical facts. These statements may be identified, without limitation, by the use offorward-looking terminology such as "anticipate," "assume," "believe," "could," "estimate," "expect," "future," "intend," "may," "plan,""project," "will," "would," and similar expressions. Forward-looking statements may relate to, among other things: (i) our First Choice planand other future plans, priorities, strategies, efforts and performance, including growth strategies, operations improvement efforts, costsavings, guest traffic, expense management, tactical refranchising, and improvements and enhancements to our restaurant environments;(ii) our expectations about pricing and average check size; (iii) our expectations regarding the labor market; (iv) anticipated capitaldeployment initiatives, including improving existing restaurants and infrastructure, investing in new technology, paying down debt,investing in marketing to grow traffic, and executing on our long-term transformation strategy; (v) our expectations about restaurant Although we believe the expectations reflected in our forward-looking statements are based on reasonable assumptions, suchexpectations may prove to be materially incorrect due to known and unknown risks and uncertainties. In some cases, information regarding certain important factors that could cause actual results to differ materially from a forward-looking statement appears together with such statement. Factors that could cause or contribute to such differences include those describedunder "Part I - Item 1A. Risk Factors" of this Annual Report on Form 10-K. These factors should not be construed as exhaustive and All forward-looking statements speak only as of the date made. All subsequent written and oral forward-looking statementsattributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements. Except as requiredby law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is PART I ITEM 1.Business Overview Red Robin Gourmet Burgers,Inc., a Delaware corporation, is the parent company for Red Robin International, Inc., a Nevadacorporation, that, together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurantsin North Americafamous for serving more than 20 craveable, high-quality burgers with Bottomless Steak Friesand sides in a fun environment welcoming® to guests of all ages. We opened the first Red Robinrestaurant in Seattle, Washington in September 1969. In 1979, the first franchised Red Robin restaurant was opened in Yakima, Washington. In 2001, we formed Red Robin Gourmet Burgers,Inc. and consummated a reorganization