Red Robin Gourmet Burgers, Inc. (RRGB) Tops Q4 EPS by 3c
Red Robin Gourmet Burgers, Inc. (Nadaq: RRGB) reported Q4 EPS of $0.62, $0.03 better than the analyst estimate of $0.59. Revenue for the quarter came in at $241.9 million versus the consensus estimate of $243.16 million.
System-wide restaurant revenues for the 12 weeks ended December 29, 2013 totaled $325.3 million, compared to $326.8 million for the 13 weeks ended December 30, 2013 at constant currency rates. System-wide restaurant revenues for the 52 weeks ended December 29, 2013 increased 3.2% to $1.4 billion, compared to $1.3 billion for the 53 weeks ended December 30, 2012.
Comparable restaurant revenues increased 3.7% in the fourth quarter of fiscal year 2013 compared to the prior fiscal year on a 12-week comparable basis. In the fourth quarter, guest counts decreased 1.4% while average guest check increased 5.1%. Comparable restaurants included those Company-owned restaurants that have achieved five full quarters of operations during the period presented, and such restaurants are only included in our comparable metrics if they are comparable for the entirety of both periods presented. The Company’s comparable restaurant revenue growth is calculated by comparing the same calendar weeks which, for fiscal year 2012, vary from the Company’s fiscal reporting by one week. Comparable restaurant revenues for fiscal year 2013 increased 4.0% for Company-owned restaurants compared to a year ago.
For earnings history and earnings-related data on Red Robin Gourmet Burgers, Inc. (RRGB) click here.
System-wide restaurant revenues for the 12 weeks ended December 29, 2013 totaled $325.3 million, compared to $326.8 million for the 13 weeks ended December 30, 2013 at constant currency rates. System-wide restaurant revenues for the 52 weeks ended December 29, 2013 increased 3.2% to $1.4 billion, compared to $1.3 billion for the 53 weeks ended December 30, 2012.
Comparable restaurant revenues increased 3.7% in the fourth quarter of fiscal year 2013 compared to the prior fiscal year on a 12-week comparable basis. In the fourth quarter, guest counts decreased 1.4% while average guest check increased 5.1%. Comparable restaurants included those Company-owned restaurants that have achieved five full quarters of operations during the period presented, and such restaurants are only included in our comparable metrics if they are comparable for the entirety of both periods presented. The Company’s comparable restaurant revenue growth is calculated by comparing the same calendar weeks which, for fiscal year 2012, vary from the Company’s fiscal reporting by one week. Comparable restaurant revenues for fiscal year 2013 increased 4.0% for Company-owned restaurants compared to a year ago.
For earnings history and earnings-related data on Red Robin Gourmet Burgers, Inc. (RRGB) click here.