Red Robin Gourmet Burgers Reports 39% Retreat In Q3 Earnings

(RTTNews) - Red Robin Gourmet Burgers (RRGB) reported earnings for third quarter that declined compared to the same period last year.

The company said its earnings declined to $5.03 million, or $0.38 per share. This was lower than $8.28 million, or $0.58 per share, in last year's third quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.9% to $297.31 million. This was up from $283.41 million last year.

Red Robin Gourmet Burgers earnings at a glance:

-Earnings (Q3): $5.03 Mln. vs. $8.28 Mln. last year. -Earnings Decline (Y-o-Y): -39.3% -EPS (Q3): $0.38 vs. $0.58 last year. -EPS Decline (Y-o-Y): -34.5% -Analysts Estimate: $0.40 -Revenue (Q3): $297.31 Mln vs. $283.41 Mln last year. -Revenue Change (Y-o-Y): 4.9%