Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter Ended April 21, 2019
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Red Robin Gourmet Burgers (RRGB) Misses Q1 EPS by 31c, Slight Beat on Revenues, Comp. Sales Down 3.3%; Offers FY19 EPS Mid-Point Guidance Below Consensus
May 30, 2019 4:10 PM EDTRed Robin Gourmet Burgers (NASDAQ: RRGB) reported Q1 EPS of $0.19, $0.31 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $409.9 million versus the consensus estimate of $409.42 million.
GAAP earnings per diluted share were $0.05 compared to $0.34;Adjusted earnings per diluted share were $0.19 compared to $0.69 (see Schedule I);Total revenues were $409.9 million, a decrease of 2.8%;Off-premise sales increased 20.6%, now comprising 11.6% of total food and beverage sales, including catering;Comparable restaurant revenue decreased 3.3% (using constant currency rates); andComparable restaurant guest counts decreased... More
