Red Robin: 1Q Earnings Snapshot

Red Robin: 1Q Earnings Snapshot

GREENWOOD VILLAGE, Colo. (AP) — Red Robin Gourmet Burgers Inc. (RRGB) on Thursday reported first-quarter earnings of $639,000.

The Greenwood Village, Colorado-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The casual restaurant chain posted revenue of $409.9 million in the period, which met Street forecasts.

Red Robin expects full-year earnings in the range of $1.14 to $1.77 per share.

Red Robin shares have increased 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.88, a decrease of 39% in the last 12 months.

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