Red Robin Gourmet Burgers Q2 Profit Down - Quick Facts

(RTTNews) - Red Robin Gourmet Burgers, Inc., (RRGB), a casual dining restaurant chain, Thursday reported lower earnings for the second quarter, even as revenues grew 7.5 percent year-over-year. The decline of profit mainly reflected rise in total costs and expenses. Net earnings were down to $9.5 million or $0.65 per share from $11.1 million or $0.77 per share for the same period a year ago.

Excluding an after-tax adjustment for executive transition costs of $0.4 million, earnings were $9.8 million or $0.68 per share. On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.90 per share for the quarter. Analysts'estimates typically exclude special items. Total costs and expenses rose to $242.66 million from $222.91 million in the year-ago period. Revenues improved to $256.1 million from $238.3 million, with comparable restaurant sales rising 1.2 percent compared to the prior year. Wall Street expected revenues of $263.37 million.