This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Red Robin Gourmet Burgers Reports Results For The Fiscal Fourth Quarter And Year Ended December 30, 2012

Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the 13 and 53 weeks ended December 30, 2012.

Financial Highlights for the 13 Weeks Ended December 30, 2012, Compared to the 12 Weeks Ended December 25, 2011:

  • Earnings per diluted share were $0.45, compared to fiscal fourth quarter 2011 earnings per diluted share of $0.20, on a GAAP basis. Adjusted earnings per diluted share were $0.59, compared to $0.28 in the fiscal fourth quarter a year ago. (See Schedule I.)
  • Total revenues increased 16.8% to $240.7 million; Company-owned comparable restaurant revenues increased 1.4% on a 13-week comparable basis.
  • Restaurant-level operating profit margin increased to 20.6% from 19.9%. (See Schedule II.)
  • The Company opened three new Red Robin ® restaurants.

Net income for the 13 weeks ended December 30, 2012, was $6.5 million compared to $2.9 million in the 12 weeks ended December 25, 2011. Fiscal fourth quarter 2012 net income excluding charges related to the Company’s debt refinancing was $8.4 million. See Schedule I below for a reconciliation of adjustments to net income in the fiscal fourth quarters of 2012 and 2011.

For the 53 weeks ended December 30, 2012, GAAP net income was $28.3 million, or $1.93 per diluted share, compared to $20.6 million, or $1.34 per diluted share, for the 52 weeks ended December 25, 2011. Excluding charges related to the Company’s debt refinancing, adjusted net income for the full fiscal year 2012 was $30.2 million, or $2.06 per diluted share, compared to $24.3 million, or $1.58 per diluted share, in the full fiscal year 2011. (See schedule I.) The fifty-third week in fiscal 2012 contributed an estimated $3.1 million to net income, or approximately $0.21 per diluted share.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs