Red Robin Gourmet Burgers Reports Results for the Fiscal Third Quarter Ended October 7, 2018

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;
  • Comparable restaurant revenue decreased 3.4% (using constant currency rates);
  • Comparable restaurant guest counts decreased 1.9%;
  • Cost of sales as a percentage of revenue remained flat at 23.8%; and
  • Restaurant labor costs as a percentage of restaurant revenue remained flat at 35.3%...

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