Business Context and Reporting Period
Company: Red Robin Gourmet Burgers, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 21, 2016
Event: Completion of an acquisition of franchised restaurants.
Key Financial Metrics
This filing is a current report regarding a corporate event and does not contain financial statements. Consequently, specific values for revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
On March 21, 2016, Red Robin completed the acquisition of 13 franchised Red Robin restaurants located in Texas. The sellers were Cowboy Red, L.C., Cowgirl Red, LLC, Texas Red Real Estate, Ltd. and its affiliates, Robert Y Reynolds, and Carolyn Frost Keenan.
Guidance, Outlook, and Risks
The filing includes a press release (Exhibit 99.1) detailing the transaction. The document explicitly states that the information contained herein is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section. No forward-looking guidance, risk factors, or management commentary regarding future performance is included in this specific text.
Investor Verification Checklist
- Verify the purchase price and financing terms of the 13 Texas restaurant acquisition in the attached press release (Exhibit 99.1).
- Confirm the impact of this acquisition on the company's total restaurant count and same-store sales metrics in subsequent quarterly reports.
- Review the company's most recent 10-Q or 10-K for current liquidity and debt levels, as this 8-K does not provide them.