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
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