Red Robin Gourmet Burgers (Nasdaq: RRGB) reported Q4 EPS of $0.86, $0.04 better than the analyst estimate of $0.82. Revenue for the quarter came in at $286.3 million versus the consensus estimate of $294.33 million.

Comparable restaurant revenue decreased 2.0% from the same period a year ago (using constant currency rates)

Outlook for 2016

Red Robin’s 2016 fiscal year consists of 52 weeks and will end on December 25, 2016 (“2016”).

The Company expects total revenues to grow between 8.5% and 9.5% in 2016, comprised of comparable revenue growth in the low single digits and the remainder due to increased operating weeks associated with locations opened in 2015 and 2016. The Company plans to open approximately 25 new Red Robins and five Burger Works in 2016.

Earnings before interest taxes and depreciation (EBITDA) is expected to range between $155 million and $165 million in 2016. EBITDA is a non-GAAP number and defined in Schedule III.

Depreciation and amortization is projected to be between $82 million and $84 million in 2016 while interest expense is expected to be approximately $5 million. The 2016 annual tax rate is projected to be approximately 25.5%.

The Company expects capital investments to range between $150 million and $155 million. In addition to new restaurant openings, the Company expects to remodel around 70 locations as part of its Brand Transformation Initiative.

The sensitivity of the Company’s earnings per diluted share to a 1% change in guest counts for fiscal year 2016 is estimated to be $0.34 on an annualized basis. Additionally, a 10 basis point change in restaurant-level operating profit margin is expected to impact earnings per diluted share by approximately $0.09, and a change of approximately $143,000 in pre-tax income or expense is equivalent to approximately $0.01 per diluted share.

For earnings history and earnings-related data on Red Robin Gourmet Burgers (RRGB) click here.