RRGB · 10-K filed 25 Feb 2026 · year to 28 Dec 2025

Red Robin Gourmet Burgers

25 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Largest franchisees (Pennsylvania, Michigan, Ohio, Texas)

earns from · 46 restaurants

Our two largest franchisees owned a total of 46 restaurants located in Pennsylvania, Michigan, Ohio, and Texas.Business (Item 1)

Suppliers

Single-source suppliers

depends onnamed as a risk

We strive to have multiple approved suppliers on key items; however, the Company is undertaking initiatives to consolidate suppliers and there are situations where we only have one approved supplier, which increases the risk to our supply chain if something were to happen to interrupt the supplier's ability to continue supplying the Company.Risk factors (Item 1A)

Also named by ACHR, AMAT, BAX, BSX, BWXT, CL, DOV, EL and 11 more

Partners and platforms

Red Robin Royalty loyalty program

earns from · approximately 16.4 million membersnamed as a risk

The Red Robin Royalty™ loyalty program has historically contributed to sales and guest count growth.Risk factors (Item 1A)

Donatos

depends on · 260 restaurants

As of December 28, 2025, we offer Donatos pizza at 260 restaurants.Business (Item 1)

Third-party delivery providers

depends onnamed as a risk

A significant portion of our delivery orders are fulfilled through third-party delivery providers, which charge commissions and over whom we have limited control.Risk factors (Item 1A)

Other companies

SOFR

exposed to its price · $1.7 millionnamed as a risk

A 1.0% change in the effective interest rate applied to these loans would have resulted in pre-tax interest expense fluctuation of $1.7 million on an annualized basis.Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Credit Agreement (term loans and revolving credit facility)

depends on · approximately $170.2 millionnamed as a risk

The Fourth Amendment extended the maturity dates for our term loans and revolving credit facility by six months, from March 4, 2027 to September 3, 2027, and we are actively working to secure long-term refinancing for our significant total borrowings, which was approximately $170.2 million as of December 28, 2025.Risk factors (Item 1A)

Also named by CELH, COHR, EXE, GTX, IRM, MP, RBA, STRL and 1 more

Leased restaurant premises

depends on · 381 of our 385 Company-owned restaurantsnamed as a risk

As of December 28, 2025, 381 of our 385 Company-owned restaurants are located on leased premises.Risk factors (Item 1A)

Places

Western United States

concentrated in · 162 or 42% of our 385 Company-owned restaurants, representing 50% of restaurant revenuesnamed as a risk

As of December 28, 2025, a total of 162 or 42% of our 385 Company-owned restaurants, representing 50% of restaurant revenues, were located in the Western United States (i.e., Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, and Washington).Risk factors (Item 1A)

Also named by DHI, LEN, TOL, TRIN, TSLX

California

subject tonamed as a risk

The possibility of a material adverse effect on our business relating to employment litigation is even more pronounced given the high concentration of team members employed in the Western United States, as this region, and California in particular, has a substantial amount of legislative and judicial activity pertaining to employment-related issues.Risk factors (Item 1A)

Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more

Shopping malls and retail centers

operates innamed as a risk

The success of our restaurants depends in large part on the performance of our leased locations, which are generally situated in high-traffic retail and entertainment areas such as malls, lifestyle centers, and shopping centers.Risk factors (Item 1A)

Hazards

Earthquakes

operates innamed as a risk

As a result of our geographic concentration, negative publicity regarding any of our restaurants in the Western United States, as well as regional differences in the legal, regulatory, and litigation environment, could have a material adverse effect on our business and operations, as could other regional occurrences such as local strikes, regional cost-of-living increases, energy shortages, or increases in energy prices, droughts, earthquakes, fires, or other natural disasters.Risk factors (Item 1A)

Also named by AAPL, AMKR, AN, ANET, APP, BRO, CDNS, CEG and 37 more

Wildfires

operates innamed as a risk

Adverse weather conditions, natural disasters (such as earthquakes, hurricanes, and wildfires), climate change, pandemics, or catastrophic events, such as terrorist acts, can adversely impact restaurant sales, as they may keep customers in the affected area from dining out, adversely affect consumer spending and confidence levels.Risk factors (Item 1A)

Also named by AAON, AMRC, AZO, BRK/B, CCI, CDNS, CINF, CNP and 17 more

Commodities and inputs

Potatoes

exposed to its price · approximately 12%named as a risk

Of our total cost of goods in fiscal 2025, ground beef represented approximately 18%, potatoes represented approximately 12%, and poultry represented approximately 10%.Business (Item 1)

Also named by CPB, PEP

Poultry

exposed to its price · approximately 10%named as a risk

Of our total cost of goods in fiscal 2025, ground beef represented approximately 18%, potatoes represented approximately 12%, and poultry represented approximately 10%.Business (Item 1)

Also named by CL

Ground beef

exposed to its price · approximately 18%named as a risk

Of our total cost of goods in fiscal 2025, ground beef represented approximately 18%, potatoes represented approximately 12%, and poultry represented approximately 10%.Business (Item 1)

Fixed price supply contracts

depends on · approximately 53% of our estimated annual food and beverage purchasesnamed as a risk

As of December 28, 2025, approximately 53% of our estimated annual food and beverage purchases were covered by fixed price contracts, most of which are scheduled to expire at various times through the end of fiscal 2026.Business (Item 1)

Regulators

National Labor Relations Board (NLRB)

subject tonamed as a risk

Further, there have been historical actions before the National Labor Relations Board ("NLRB") where it was alleged that a parent company could be held liable for the actions of its franchisees, including potentially jointly liable for labor and wage violations by its franchisees.Risk factors (Item 1A)

Also named by AZO, BBW, BBY, DKS, FDX, FDXF, ODFL, QSR and 3 more

Federal Trade Commission

subject to

We are subject to federal and state laws and regulations, including those of the Federal Trade Commission that govern the offer and sale of franchises and substantive aspects of the franchisor-franchisee relationship.Business (Item 1)

Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more

Laws and programs

California Consumer Privacy Act

subject tonamed as a risk

We are subject to numerous privacy and data protection laws and regulations and the regulatory environment surrounding information security and privacy is increasingly demanding, with the frequent imposition of new and constantly changing requirements including the California Consumer Privacy Act, the California Privacy Rights Act, and other similar legislative initiatives.Risk factors (Item 1A)

Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more

Import tariffs

exposed to its pricenamed as a risk

Various factors beyond our control, including adverse weather conditions, governmental regulation and monetary policy, new or increased trade barriers and import tariffs (including retaliatory trade actions), product availability, recalls of food products, and seasonality, as well as the effects of the current macroeconomic environment on our suppliers, may affect our commodity costs or cause a disruption in our supply chain.Risk factors (Item 1A)

Also named by AOS, APLD, BJ, BMI, CAVA, CVLG, CVS, DKS and 18 more

Dram shop statutes

subject tonamed as a risk

Failure to comply with alcoholic beverage control or dram shop regulations could subject us to liability and could negatively affect our business.Risk factors (Item 1A)

Also named by DRI, LLYVA, LYV, TXRH

PCI Data Security Standard

subject tonamed as a risk

Because of the number of credit card transactions we process, we are required to maintain PCI Data Security Standard compliance at our Restaurant Support Center and Company-owned restaurants.Risk factors (Item 1A)

Also named by CART, DRI

State minimum wage laws (California, Colorado, New York, Oregon, Washington)

subject tonamed as a risk

Further, we have a substantial number of restaurants located in states or municipalities where the minimum wage is greater than the current federal minimum wage, including California, Colorado, New York, Oregon, and Washington.Risk factors (Item 1A)

Technology

Weight loss medications (GLP-1)

named as a risk

Further, changing health or dietary preferences and current and new medical advancements, such as weight loss medications, may cause consumers to avoid our products in favor of alternative foods or consume less of our products.Risk factors (Item 1A)

Also named by INGR, MCD