Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Fourth Quarter and Year Ended December 27, 2020
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Red Robin Gourmet Burgers (RRGB) Misses Q4 EPS by 66c, Revenues Miss
March 3, 2021 4:08 PM ESTRed 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