Red Robin Reports Preliminary Revenue Results for the Fiscal Fourth Quarter of 2016
Guest Traffic Trends Continue to Improve, Outperform Casual Dining Industry
Red Robin Gourmet Burgers, Inc., (NASDAQ:RRGB), a casual dining restaurant chain focused on serving an innovative selection of
high-quality gourmet burgers in a family-friendly atmosphere, today announced preliminary, unaudited revenue results for its fiscal
fourth quarter ended December 25, 2016, in conjunction with management’s scheduled presentation at the 19th Annual ICR Investor
Conference at the JW Marriott Orlando Grande Lakes.
The Company expects to report the following financial results for the fiscal fourth quarter 2016:
- Total revenues of approximately $290.8 million
- Comparable restaurant revenue decrease of 4.5%
- Comparable guest count decrease of 2.9%
The above results are preliminary and subject to year-end closing adjustments. The Company plans to report fiscal fourth quarter
2016 results on February 21, 2017.
“The initiatives we put in place last fall – our new $6.99 every day value items, improved speed to table, and the 'Let's
Burger!' ad campaign – are helping us grow market share again,” said Denny Marie Post, Red Robin Gourmet Burgers, Inc.’s
chief executive officer. “We outperformed casual dining industry traffic trends by 243 basis points in Q4 and saw further
improvement in guest service ratings. Continuing this momentum and layering in off-premise initiatives later this year will help us
grow in 2017 and beyond.”
Presentation at the 19th Annual ICR Conference
The Company will present at the 19th Annual ICR Conference at the JW Marriott Orlando Grande Lakes in Orlando, Fla., on
Wednesday, January 11, 2017, at 9:00 a.m. ET. Investors and interested parties may listen to a webcast of this presentation by
visiting the Company’s website at www.redrobin.com under the Investor Relations section.
Fourth Quarter Release and Conference Call
Final results for the fiscal fourth quarter of 2016 will be released shortly after 4:00 p.m. ET on Tuesday, February 21, 2017.
The Company will also host an investor conference call to discuss its fourth quarter 2016 results at 5:00 p.m. ET that same day.
The conference call number is (800) 236-9788, or for international callers (913) 312-0934. The call will also be webcast live from
the Company’s website at www.redrobin.com under the Investor Relations section. A replay will be available after the end of the call and
can be accessed by dialing (877) 870-5176, or (858) 384-5517 for international callers. The conference ID is 6897042. The replay
will be available until Tuesday, February 28, 2017.
About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
Red Robin Gourmet Burgers, Inc. (www.redrobin.com), a casual dining restaurant chain founded in 1969 that operates through its wholly-owned
subsidiary, Red Robin International, Inc., and under the trade name Red Robin Gourmet Burgers and Brews, is the Gourmet
Burger Authority™, famous for serving more than two dozen craveable, high-quality burgers with Bottomless Steak Fries® in a
fun environment welcoming to guests of all ages. Whether a family dining with kids, adults grabbing a drink at the bar, or
teens enjoying a meal, Red Robin offers an unparalleled experience for its guests. In addition to its many burger offerings,
Red Robin serves a wide variety of salads, soups, appetizers, entrees, desserts, and signature beverages. Red Robin offers a
variety of options behind the bar, including its extensive selection of local and regional beers, and innovative adult beer shakes
and cocktails, earning the restaurant a VIBE Vista Award for Best Beer Program in a Multi-Unit Chain Restaurant. There are
more than 550 Red Robin restaurants across the United States and Canada, including locations operating under franchise
agreements. Red Robin… YUMMM®! Connect with Red Robin on Facebook, Instagram, and Twitter.
Forward-Looking Statements
Forward-looking statements in this press release regarding the Company's strategic initiatives and anticipated revenues,
comparable restaurant revenues, comparable guest count, market share, and growth, and all other statements that are not historical
facts, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are
based on assumptions believed by the Company to be reasonable and speak only as of the date on which such statements are made.
Without limiting the generality of the foregoing, words such as “expect,” “believe,” “anticipate,” “intend,” “plan,” “project,”
“will” or “estimate,” or the negative or other variations thereof or comparable terminology are intended to identify
forward-looking statements. The Company undertakes no obligation to update such statements to reflect events or circumstances
arising after such date, and cautions investors not to place undue reliance on any such forward-looking statements. Forward-looking
statements involve risks and uncertainties that could cause actual results to differ materially from those described in the
statements based on a number of factors, including but not limited to the following: the effectiveness of the Company's business
improvement initiatives; the ability to fulfill planned expansion and restaurant remodeling; the effectiveness of our marketing
strategies and initiatives to achieve restaurant sales growth; the cost and availability of key food products, labor, and energy;
the ability to achieve anticipated revenue and cost savings from anticipated new technology systems and tools in the restaurants
and other initiatives; the ability to increase to-go and other off-premise offerings; availability of capital or credit facility
borrowings; the adequacy of cash flows or available debt resources to fund operations and growth opportunities; federal, state, and
local regulation of the Company's business; and other risk factors described from time to time in the Company’s Form 10-K, Form
10-Q, and Form 8-K reports (including all amendments to those reports) filed with the U.S. Securities and Exchange Commission.
Investor Relations:
ICR
Raphael Gross/Dara Dierks, 203-682-8200
or
Media Relations:
Coyne PR
Brian Farley, 973-588-2000
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