Red Robin Gourmet Burgers Earnings Drop 23% In Q2

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

The company said its profit declined to $7.90 million, or $0.61 per share. This was down from $10.26 million, or $0.75 per share, in last year's second quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.3% to $315.77 million. This was up from $305.55 million last year.

Red Robin Gourmet Burgers earnings at a glance:

-Earnings (Q2): $7.90 Mln. vs. $10.26 Mln. last year. -Earnings Decline (Y-o-Y): -23.0% -EPS (Q2): $0.61 vs. $0.75 last year. -EPS Decline (Y-o-Y): -18.7% -Analysts Estimate: $0.52 -Revenue (Q2): $315.77 Mln vs. $305.55 Mln last year. -Revenue Change (Y-o-Y): 3.3%

-Guidance: Next quarter EPS guidance: $0.20 to $0.30 Full year EPS guidance: $2.80 to $3.10