Red Robin Gourmet Burgers Q3 Profit Rises - Quick Facts

(RTTNews) - Red Robin Gourmet Burgers, Inc. (RRGB), a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, reported third-quarter net income of $7.21 million or $0.50 per share, compared to $4.66 million or $0.32 per share, last year. Third-quarter results included $0.4 million or $0.03 per share of after-tax acquisition costs and $0.5 million or $0.04 per share from a tax credit. Adjusted earnings per share was $0.50 for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.34 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $267.38 million, compared to $230.67 million, a year ago. Analysts expected revenue of $267.28 million for the quarter. Comparable restaurant revenue increased 0.9% in the third quarter of 2014.

In fiscal 2014, the company expects comparable restaurant revenue growth approaching 3.0%.