Red Robin Gourmet Burgers Reports Results for the Fiscal Fourth Quarter and Year Ended December 29, 2019
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Red Robin Gourmet Burgers (RRGB) Misses Q4 EPS by 20c
February 25, 2020 4:06 PM ESTRed Robin Gourmet Burgers (NASDAQ: RRGB) reported Q4 EPS of ($0.36), $0.20 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $302.9 million versus the consensus estimate of $302.79 million.
Fourth Quarter 2019 Financial Summary Compared to Fourth Quarter 2018
Total revenues were $302.9 million, a decrease of 1.2%;Comparable restaurant revenue increased 1.3%, the second consecutive quarter of positive comparable restaurant revenue;Comparable average guest check increased 4.7%, resulting from a 1.1% increase in menu mix, a 1.8% increase in pricing, and a 1.8% increase from lower discounting;Comparable restaurant guest counts decreased 3.4%;Off-premise sales,... More