Red Robin Gourmet Burgers (RRGB) Misses Q4 EPS by 66c, Revenues Miss
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Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Fourth Quarter and Year Ended December 27, 2020
March 3, 2021 4:05 PM ESTGREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), 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 and year ended December 27, 2020.
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... More