Red Robin 4Q net income rises 7%

Red Robin 4Q net income rises 7%

More work to be done on transforming brand, company says

Red Robin Gourmet Burgers Inc. recorded a 7-percent increase in profit for its fourth quarter ended Dec. 29, saying it is making progress in transforming the brand, but that there is more work to be done. Guest counts declined 1.4 percent for the quarter, offsetting a 5.1-percent increase in average check.

The Greenwood Village, Colo.-based casual-dining chain ended fiscal 2013 with 495 restaurants, including 355 company-owned locations, 134 franchised units and six fast-casual Red Robin’s Burger Works outlets.

4Q NET INCOME

Result: $7 million, or 48 cents per share
% Increase: 7% (from $6.5 million, or 45 cents per share)

4Q REVENUE

Result: $241.9 million
% Increase: 0.5% (from $240.7million)

4Q SAME-STORE SALES

% Increase at company-owned restaurants: 3.7%

Source: Company report

 

FULL YEAR NET INCOME

Result: $32.2 million, or $2.22 per share
% Increase: 14% (from $28.3 million, or $1.93 per share)

FULL YEAR REVENUE

Result: $1 billion
% Increase: 4% (from $977.1 million)

FULL YEAR SAME-STORE SALES

% Increase at company-owned restaurants: 4%

Source: Company report

RELATED:
Red Robin 3Q net income jumps 34% [3]
Red Robins 2Q net income rises 44% [4]
More restaurant industry finance news [5]

Contact Lisa Jennings at [email protected] [6].
Follow her on Twitter: @livetodineout [7]