Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) revealed net income for the first quarter of $ 11.57 million or $ 0.89 per share, compared to income of $ 14.23 million or $ 1.03 per share, in the year-ago period.
On adjusted basis, RRGB reported $ 11.57 million or $ 0.89 per share.
Headquartered in Greenwood Village, Colorado, the company disclosed, Total Revenue that reached $ 418.56 million, rose 4% from $ 402.13 million a year ago.
The consensus estimates from Thomson Reuters are income of $ 0.57 per share from $ 416.25 million in revenue. Analysts estimates generally exclude one time charges / gains.
Denny Marie Post, CEO, said: The steps we’ve taken so far are strengthening our business, enabling us to gain market share, and separating Red Robin from our casual dining competitors, During the first quarter, our everyday value Tavern Double burger menu continued to drive traffic, our teams delivered on improved speed of service, and our recent investments in the growing off-premise use began to gain traction.
For the full Year fiscal 2017, RRGB expects earnings in the range of $2.80 to $3.10 per share.