Red Robin Gourmet Burgers Bottom Line Drops 34% In Q1

(RTTNews) - Red Robin Gourmet Burgers (RRGB) announced a profit for first quarter that dropped compared to the same period last year.

The company said its profit declined to $11.57 million, or $0.89 per share. This was lower than $17.59 million, or $1.27 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.1% to $418.56 million. This was up from $402.13 million last year.

Red Robin Gourmet Burgers earnings at a glance:

-Earnings (Q1): $11.57 Mln. vs. $17.59 Mln. last year. -Earnings Decline (Y-o-Y): -34.2% -EPS (Q1): $0.89 vs. $1.27 last year. -EPS Decline (Y-o-Y): -29.9% -Analysts Estimate: $0.57 -Revenue (Q1): $418.56 Mln vs. $402.13 Mln last year. -Revenue Change (Y-o-Y): 4.1%

-Guidance: Full year EPS guidance: $2.80 to $3.10