Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Fourth Quarter and Year Ended December 27, 2020

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Go back to Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Fourth Quarter and Year Ended December 27, 2020

Red Robin Gourmet Burgers (RRGB) Misses Q4 EPS by 66c, Revenues Miss

March 3, 2021 4:08 PM EST

Red Robin Gourmet Burgers (NASDAQ: RRGB) reported Q4 EPS of ($1.76), $0.66 worse than the analyst estimate of ($1.10). Revenue for the quarter came in at $201.1 million versus the consensus estimate of $230.83 million.

Fourth Quarter 2020 Financial Summary Compared to Fourth Quarter 2019

Total revenues were $201.1 million, a decrease of 33.6%, primarily due to the impacts of the COVID-19 pandemic including related state and local dining room restrictions;Comparable restaurant revenue decreased 29.0%;Off-premise sales increased 131.8% and comprised 43.9% of total food and beverage sales, with approximately 80% of off-premise orders driven through digital... More