Selling, general and administrative (“SG&A”) expenses were $24.5 million in the 12 weeks ended September 30, 2012, compared to $22.9 million in the same period of fiscal 2011. Selling expenses were $5.5 million in the third quarter 2012, an increase of $0.5 million due primarily to higher costs related to the expansion of the Company’s gift card program. Other general and administrative costs increased $1.1 million due mainly to development of the Company’s new information systems and higher stock-based compensation.The Company had an effective tax rate of 25.5% in the fiscal third quarter of 2012, compared to a 21.7% tax benefit in the fiscal third quarter of 2011. Income tax expense in the fiscal third quarter of 2012 was $1.2 million compared to a tax benefit of $0.4 million for the same period in 2011.
Red Robin Gourmet Burgers Reports Results For The Fiscal Third Quarter Ended September 30, 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.