Red Robin Gourmet Burgers, Inc. (RRGB) Tops Q3 EPS by 2c, Posts Q4 Outlook
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reported Q3 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $206.2 million versus the consensus estimate of $206.16 million.
For the fiscal fourth quarter of 2011, the Company expects a low-single-digit increase in comparable restaurant sales compared to the same period a year ago. Additionally, in the fiscal fourth quarter of 2011 the Company expects restaurant-level operating profit margins to increase 150 to 160 basis points as a percent of revenue compared to the same period a year ago, driven by lower labor and other operating costs, partially offset by higher cost of goods sold.
For the fiscal fourth quarter of 2011, the Company expects a low-single-digit increase in comparable restaurant sales compared to the same period a year ago. Additionally, in the fiscal fourth quarter of 2011 the Company expects restaurant-level operating profit margins to increase 150 to 160 basis points as a percent of revenue compared to the same period a year ago, driven by lower labor and other operating costs, partially offset by higher cost of goods sold.