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Apr 19, 2020
Red Robin Q1 2020 Earnings Report
Reported financial results reflecting the impact of COVID-19 pandemic and the shift to off-premise operations.
Key Takeaways
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.
Total revenues decreased by 25.3% to $306.1 million.
Comparable restaurant revenue decreased by 20.8%.
Off-premise sales increased 86.1% and comprised 26.3% of total food and beverage sales.
Net loss was $174.3 million, compared to net income of $0.6 million in the same period a year ago.
Forward Guidance
The company withdrew its 2020 and long-term financial outlook on April 1, 2020, due to ongoing uncertainty regarding the duration and impact of the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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