Red Robin Gourmet Burgers (RRGB) Tops Q3 EPS by 5c, Revenues Miss; Offers FY18 EPS Outlook Below Consensus
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Red Robin Gourmet Burgers Reports Results for the Fiscal Third Quarter Ended October 7, 2018
November 6, 2018 4:01 PM ESTGREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), 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 October 7, 2018.
Third Quarter 2018 Financial Highlights Compared to Third Quarter 2017
GAAP earnings per diluted share were $0.13 compared to $0.21; Adjusted earnings per diluted share were $0.16 compared to $0.21 (see Schedule I); Total revenues were $294.9 million, a decrease of 3.5%; Off-premise sales increased 22.7%, now comprising 10.1% of total food and beverage sales;... More