Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 18, 2021
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Red Robin Gourmet Burgers (RRGB) Tops Q1 EPS by 86c, Revenues Beat
May 25, 2021 4:12 PM EDTRed Robin Gourmet Burgers (NASDAQ: RRGB) reported Q1 EPS of ($0.30), $0.86 better than the analyst estimate of ($1.16). Revenue for the quarter came in at $326.3 million versus the consensus estimate of $310.44 million.
Key Highlights
As of the end of our fiscal fifth period, all Company-owned restaurants have re-opened indoor dining rooms with varying levels of capacity;Restaurant revenue of $318.7 million and Restaurant Level Operating Profit (a non-GAAP metric) of 15.7%, an increase of 690 basis points over the same period in 2020;First quarter 2021 comparable(1) restaurant revenue increased 10.0% over the same period in... More