Share via Email

* Email To: (Separate multiple addresses with a semicolon)
* Your Name:
* Email From: (Your IP Address is
* Email Subject: (personalize your subject)

Email Content: Poultry Industry News, Comments and more by Simon M. Shane

Red Robin Posts First Quarter FY2019 Results


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