Red Robin Gourmet Burgers (RRGB) Reports Q1 Loss of $6.66/sh
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Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter Ended April 19, 2020
June 10, 2020 6:30 AM EDTGREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the quarter ended April 19, 2020.
First Quarter 2020 Financial Summary Compared to First Quarter 2019
Total revenues were $306.1 million, a decrease of 25.3%, primarily resulting from the closure of the Company's dining rooms, and its operational shift to off-premise only in response to the COVID-19 pandemic; Comparable restaurant revenue decreased 20.8% for the... More