Red Robin Reports Preliminary Results for the Fiscal Fourth Quarter of 2015
January 12 2016 - 4:05PM
Business Wire
Announces Date for Fiscal Fourth Quarter of
2015 Earnings Call
Red Robin Gourmet Burgers, Inc., (NASDAQ:RRGB), a casual dining
restaurant chain focused on serving an innovative selection of
high-quality gourmet burgers in a family-friendly atmosphere, today
announced preliminary, unaudited financial results for its fiscal
fourth quarter ended December 27, 2015 in conjunction with
management’s appearance at the 18th Annual ICR Investor Conference
at the JW Marriott Orlando Grande Lakes.
The Company expects to report the following financial results
for the fiscal fourth quarter 2015:
- Total revenues of approximately $286.3
million
- Comparable restaurant revenue decrease
of 2.0% using constant currency rates
- Net income between $11.1 and $11.7
million
- Earnings per diluted share between
$0.80 and $0.84
The above results are preliminary and subject to year-end
closing adjustments. The Company plans to report fiscal fourth
quarter 2015 results on February 12, 2016.
“While we are disappointed with our sales this quarter, we
understand the issues and are well on our way to addressing them.
Looking at the year as a whole, we are nonetheless pleased that our
2015 annual comparable sales growth of 2.1% over 2014 reflects our
sixth consecutive year in which we have taken market share from our
competitors,” said Steve Carley, Red Robin Gourmet Burgers, Inc.
chief executive officer. “In 2016, we will have a strong line-up of
craveable new food and beverage offerings, launch new promotional
initiatives, complete our Brand Transformation remodels and
continue to invest in technologies enabling both improved guest
service and cost savings.”
Presentation at the 18th Annual ICR Conference
The Company will present at the 18th Annual ICR Conference at
the JW Marriott Orlando Grande Lakes in Orlando, FL on January 13,
2016 at 11:30 AM Eastern Time. Investors and interested parties may
listen to a webcast of this presentation by visiting the Company’s
website at www.redrobin.com under the investor relations
section.
Fourth Quarter Release and Conference Call
Red Robin will host an investor conference call to discuss its
fiscal fourth quarter 2015 results on Friday, February 12, 2016 at
10:00 a.m. ET. The conference call number is (800) 750-4984, or for
international callers (913) 312-0860. A replay will be available
from two hours after the end of the call and can be accessed by
dialing (877) 870-5176 or (858) 384-5517 for international callers;
the conference ID is 9549831. The replay will be available until
Friday, February 19, 2016. The call will be webcast live from the
Company's website at www.redrobin.com under the investor relations
section.
About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
Red Robin Gourmet Burgers, Inc. (www.redrobin.com), a casual
dining restaurant chain founded in 1969 that operates through its
wholly-owned subsidiary, Red Robin International, Inc., is the
Gourmet Burger Authority™, famous for serving more than two dozen
craveable, high-quality burgers with Bottomless Steak Fries® in a
fun environment welcoming to guests of all ages. In addition to its
many burger offerings, Red Robin serves a wide variety of salads,
soups, appetizers, entrees, desserts and signature Mad Mixology®
Beverages. Red Robin offers a variety of options behind the bar,
including its extensive selection of local and regional beers, and
innovative adult beer shakes and cocktails, earning the restaurant
the 2014 VIBE Vista Award for Best Beer Program in a Multi-Unit
Chain Restaurant. There are more than 500 Red Robin restaurants
across the United States and Canada, including Red Robin Burger
Works® locations and those operating under franchise agreements.
Red Robin... YUMMM®! Connect with Red Robin on Facebook, Instagram
and Twitter.
Forward-Looking Statements
Forward-looking statements in this press release regarding the
timing of our first quarter earnings release, our preliminary
financial results for our fiscal fourth quarter 2015, including
estimates of revenues, net income and earnings per diluted share,
our anticipated initiatives for 2016 including those involving food
and beverage offerings, promotions, remodels and technology
investments, and all other statements that are not historical
facts, are made under the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
based on assumptions believed by the Company to be reasonable and
speak only as of the date on which such statements are made.
Without limiting the generality of the foregoing, words such as
“expect,” “anticipate,” “intend,” “plan,” “project,” “will” or
“estimate,” or the negative or other variations thereof or
comparable terminology are intended to identify forward-looking
statements. We undertake no obligation to update such statements to
reflect events or circumstances arising after such date, and we
caution investors not to place undue reliance on any such
forward-looking statements. Forward-looking statements involve
risks and uncertainties that could cause actual results to differ
materially from those described in the statements based on a number
of factors, including but not limited to the following: the
anticipated financial results reported are preliminary and subject
to year-end closing adjustments; the effectiveness of the Company’s
marketing strategies and initiatives to achieve restaurant sales
growth; the ability to fulfill planned expansion and restaurant
remodeling; the cost and availability of key food products, labor,
and energy; the ability to achieve anticipated revenue and cost
savings from our anticipated new technology systems and other
initiatives; availability of capital or credit facility borrowings;
the adequacy of cash flows or available debt resources to fund
operations and growth opportunities; federal, state, and local
regulation of our business; and other risk factors described from
time to time in the Company’s Form 10-K, Form 10-Q and Form 8-K
reports (including all amendments to those reports) filed with the
U.S. Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160112006203/en/
For investor relations questions:Red Robin Gourmet
Burgers, Inc.Stuart Brown, Chief Financial Officer, (303)
846-6000orFor media relations questions:Coyne PRJennifer
DeNick, (973) 588-2000
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