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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Red Robin Posts First Quarter FY2019 Results

06/10/2019

For the first quarter of 2019 ending April 21st, Red Robin Gourmet Burgers posted net income of $0.6 million on sales of $410 million. Comparable figures for the first quarter of fiscal 2018 were net revenue of $4.4 million on $422 million revenue. EPS for the most recent quarter was $0.19 compared to $0.69 in Q1 of 2018.

Comparable restaurant sales declined by 3.3 percent, and comparable restaurant guest traffic decreased by 5.5 percent.

Guidance for the remainder of fiscal 2019 included net income of $16 million, and comparable restaurant revenue. Red Robin Gourmet Burgers (RRGB) has a market capitalization of $332 million. The 52-week range in share price is $24.57 to $54.95. At 15h00 on June 3rd, share price was $25.62, near the bottom of the range. Twelve month trailing operating margin is 1.3 percent with a negative profit margin of -0.77 percent. The company has yielded a return on assets of 1.0 percent and negative return on equity of -2.7 percent.

Red Robin has featured vegetable-based burgers in menus although recent data suggest that alternatives to beef are expensive and generate slimmer margins

Currently the company is searching for a permanent CEO.


 
Copyright 2019 Simon M. Shane