Red Robin Earnings Reports

Red Robin Gourmet Burgers, Inc. reported a strong start to the fiscal first quarter of 2025 with increases in both sales and profits compared to the prior year. Total revenues increased by $3.8 million, and the company achieved net income of $1.2 million compared to a net loss in the prior year.

Red Robin reported a decrease in total revenues due to having one less operating week in Q4 2024 compared to Q4 2023. However, comparable restaurant revenue increased by 3.4%. The company experienced a net loss, which included significant impairment and closure costs, but adjusted EBITDA increased by 19.0%.

Red Robin's third quarter results were in line with expectations, with comparable restaurant revenue exceeding the industry average. Guest satisfaction scores improved to levels not seen since 2016, and the relaunched loyalty program showed potential. The company is focused on executing its strategic plan to drive long-term growth.

Red Robin Gourmet Burgers, Inc. reported an increase in total revenues to $300.2 million, a comparable restaurant revenue increase of 1.4% including a deferred revenue benefit led by the change in the Company's loyalty program, a net loss of $9.5 million, and an adjusted EBITDA of $11.8 million for the fiscal second quarter ended July 14, 2024.

Red Robin reported a decrease in total revenues to $388.5 million and a net loss of $9.5 million for the first quarter of fiscal 2024. The company focused on its North Star Five-Point plan and launched a new loyalty program to drive long-term shareholder value.

Red Robin Gourmet Burgers, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023. The company saw an increase in total revenues, a significant improvement in net loss, and a rise in Adjusted EBITDA compared to the same period in the previous year. While comparable restaurant revenue decreased slightly for the quarter, the company highlighted its progress in operational improvements and financial strengthening.

Red Robin reported a decrease in total revenues and net loss for the third quarter of 2023 compared to the same period in 2022. However, the company saw an increase in adjusted EBITDA and made progress on its "North Star" five-point plan, including debt repayment and stock repurchase.

Red Robin Gourmet Burgers, Inc. reported an increase in total revenues to $298.6 million and a net income of $3.9 million for the second quarter of fiscal 2023. The company also completed a Sale-Leaseback transaction and repaid $15.5 million of debt, repurchasing $5 million of stock.

Red Robin reported a solid first quarter, demonstrating the effectiveness of its 'North Star' plan. The company saw an increase in total revenues and comparable restaurant revenue, exceeding industry averages. Due to the strong performance, Red Robin raised its financial guidance for 2023.

Red Robin's total revenues for Q4 2022 were $290.1 million, a 2.4% increase compared to 2021. Comparable restaurant revenue increased by 2.5%. The net loss was $44.2 million, including a non-cash impairment charge of $25.0 million. Adjusted EBITDA was $8.9 million, consistent with the previous year.

Red Robin Gourmet Burgers, Inc. reported financial results for the fiscal third quarter ended October 2, 2022. Restaurant revenue increased by 4.5% compared to 2021, driven by a 5.3% increase in comparable restaurant revenue. The net loss decreased compared to 2021. However, Adjusted EBITDA decreased due to higher operating costs.

Red Robin's restaurant revenue increased by 6.1% compared to 2021, driven by a 6.7% increase in comparable restaurant revenue. However, the company experienced a net loss of $17.9 million, which increased compared to 2021, and a decrease in adjusted EBITDA.

Red Robin Gourmet Burgers, Inc. reported positive financial results for the fiscal first quarter ended April 17, 2022. Restaurant revenue increased by 19.4% compared to 2021, driven by a 19.7% increase in comparable restaurant revenue. The net loss improved by $5.6 million compared to 2021, and adjusted EBITDA increased by $0.6 million.

Red Robin reported a net loss of $21.3 million for the fourth quarter of 2021, an improvement of $18.0 million compared to 2020. Restaurant revenue increased by 41.5% to $276.7 million, and comparable restaurant revenue increased by 40.1%. The company's adjusted EBITDA also improved by $15.3 million to $8.9 million.

Red Robin Gourmet Burgers, Inc. reported a restaurant revenue of $270.2 million and a Restaurant Level Operating Profit as a percentage of restaurant revenue of 12.5% for the third quarter of 2021. Comparable restaurant revenue increased 34.3% over the same period in 2020, and increased 0.6% compared to the same period in 2019.

Red Robin reported a revenue increase of 71.9% compared to the same period in 2020, but the overall performance was below expectations due to ongoing jurisdictional restrictions and challenging labor availability. The company is optimistic about recovery and focusing on staffing initiatives and growth drivers like Donatos pizza.

Red Robin Gourmet Burgers, Inc. reported restaurant revenue of $318.7 million and a Restaurant Level Operating Profit of 15.7% for the quarter ended April 18, 2021. Comparable restaurant revenue increased by 10.0% compared to the same period in 2020.

Red Robin Gourmet Burgers, Inc. reported a decrease in total revenues and a net loss for the fourth quarter of 2020, primarily due to the impacts of the COVID-19 pandemic, including dining room restrictions. Off-premise sales increased significantly, but were not enough to offset the overall decline in revenue. The company received cash tax refunds and expects additional refunds in the coming year.

Red Robin reported a decrease in total revenues by 31.9% to $200.5 million, and a net loss of $6.2 million compared to a net loss of $1.8 million in the same quarter of the previous year. However, the third quarter was an inflection point for the brand with robust sequential sales improvement throughout the quarter, closing the traffic gap to casual dining peers.

Red Robin Gourmet Burgers, Inc. reported a decrease in total revenues by 47.7% to $161.1 million compared to the same quarter last year. This was primarily driven by operational changes due to COVID-19, including limited capacity in dining rooms, operating an off-premise only model at restaurants with closed dining rooms, and closed restaurants. The company's net loss was $56.3 million, a significant shift from the $1.0 million net income in the second quarter of 2019.

Red Robin reported a decrease in total revenues by 25.3% to $306.1 million due to the closure of dining rooms and a shift to off-premise operations. Comparable restaurant revenue decreased by 20.8%. The company reported a net loss of $174.3 million, compared to a net income of $0.6 million in the same quarter last year.

Red Robin Gourmet Burgers Inc. reported a 1.2% decrease in total revenues to $302.9 million. Comparable restaurant revenue increased by 1.3%, driven by a 4.7% increase in average guest check, while guest counts decreased by 3.4%. The company's GAAP loss per diluted share was $0.60, and the adjusted loss per diluted share was $0.36. Net loss was $7.7 million.