Red Robin Gourmet Burgers Earnings: Here’s Why Investors are Excited Now
Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 18.88%.
Red Robin Gourmet Burgers Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 110.71% to $0.59 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 16.86% to $240.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Red Robin Gourmet Burgers Inc. reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $232.29 million.
Quoting Management:“We were very pleased with Red Robin’s business performance during the fourth quarter, which reflected a solid finish to a successful, foundational year for our Company,” said Steve Carley, Red Robin Gourmet Burgers, Inc. chief executive officer. “We once again significantly outpaced the industry in guest count growth and continued expansion of our operating margins. The outstanding work of our teams across the enterprise is clearly contributing to improved results and a stronger, more differentiated Red Robin brand. Looking ahead to 2013, our goal is to build on what we have already accomplished to continue elevating the guest experience and extending our burger authority, while we capitalize on our significant growth potential for new unit development.”
Key Stats (on next page)…