Red Robin Gourmet Burgers Reports Final Results for the Fiscal Fourth Quarter and Year Ended December 25, 2016
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Red Robin Gourmet Burgers (RRGB) Reports In-Line Q4 EPS
February 21, 2017 4:13 PM ESTRed Robin Gourmet Burgers (NASDAQ: RRGB) reported Q4 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $291.5 million versus the consensus estimate of $295.74 million.
Comparable restaurant revenue decreased 4.3%.
Outlook for 2017
Red Robins 2017 fiscal year consists of 53 weeks, which will end on December 31, 2017 (2017).The Company expects total revenues to grow between 6% and 8%, comprising comparable revenue growth of 0.5% to 1.5% and increased operating weeks associated with locations opened in 2016 and 2017, as well as the 53rd... More