Red Robin Gourmet Burgers Sees 8.5% - 9.5% Growth In 2016 Total Revenues

(RTTNews) - Red Robin Gourmet Burgers Inc. (RRGB) said that it expects total revenues to grow between 8.5% and 9.5% in 2016, comprised of comparable revenue growth in the low single digits and the remainder due to increased operating weeks associated with locations opened in 2015 and 2016. The Company plans to open approximately 25 new Red Robins and five Burger Works in 2016.

In addition, the Company announced that Denny Marie Post has been promoted to President from Executive Vice President and Chief Concept Officer. Further, Stuart Brown has been promoted to Executive Vice President from Senior Vice President and will remain as Chief Financial Officer.

Earnings before interest taxes and depreciation or EBITDA is expected to range between $155 million and $165 million in 2016. EBITDA is a non-GAAP number and defined in Schedule III.

The Company expects capital investments to range between $150 million and $155 million. In addition to new restaurant openings, the Company expects to remodel around 70 locations as part of its Brand Transformation Initiative.

The sensitivity of the Company's earnings per share to a 1% change in guest counts for fiscal year 2016 is estimated to be $0.34 on an annualized basis. Additionally, a 10 basis point change in restaurant-level operating profit margin is expected to impact earnings per share by approximately $0.09, and a change of approximately $143,000 in pre-tax income or expense is equivalent to approximately $0.01 per share.