Red Robin Gourmet Burgers Bottom Line Falls 32% In Q2

(RTTNews) - Red Robin Gourmet Burgers (RRGB) announced a profit for second quarter that dropped from last year.

The company said its earnings declined to $7.55 million, or $0.55 per share. This was lower than $11.17 million, or $0.78 per share, in last year's second quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.6% to $302.12 million. This was up from $288.70 million last year.

Red Robin Gourmet Burgers earnings at a glance:

-Earnings (Q2): $7.55 Mln. vs. $11.17 Mln. last year. -Earnings Decline (Y-o-Y): -32.4% -EPS (Q2): $0.55 vs. $0.78 last year. -EPS Decline (Y-o-Y): -29.5% -Analysts Estimate: $0.80 -Revenue (Q2): $302.12 Mln vs. $288.70 Mln last year. -Revenue Change (Y-o-Y): 4.6%