Red Robin: 3Q Earnings Snapshot
GREENWOOD VILLAGE, Colo. (AP) _ Red Robin Gourmet Burgers Inc. (RRGB) on Tuesday reported a third-quarter loss of $1.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Greenwood Village, Colorado-based company said it had a loss of 14 cents. Losses, adjusted for non-recurring gains, came to 24 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The casual restaurant chain posted revenue of $294.2 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $290.8 million.
Red Robin expects full-year earnings in the range of 64 cents to 99 cents per share.
Red Robin shares have increased 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.97, a fall of roughly 2% in the last 12 months.