Red Robin Gourmet Burgers Q2 Profit Increases - Quick Facts

(RTTNews) - Red Robin Gourmet Burgers Inc. (RRGB) reported that its second-quarter net income increased to $11.17 million or $0.78 per share from $9.47 million or $0.65 per share in the same quarter last year.

Total Company revenues, which include Company-owned restaurant revenue and franchise royalties, increased 14.4% to $293.0 million in the second quarter of 2015 from $256.1 million in the second quarter of 2014.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.78 per share and revenues of $297.95 million for the quarter. Analysts' estimates typically exclude special items.

Comparable restaurant revenue increased 2.9% in the second quarter of 2015 compared to the same period a year ago, driven by a 0.5% increase in guest counts and a 2.4% increase in average guest check.

In fiscal year 2015, the Company expects comparable revenue growth of approximately 3.0% and total revenue growth near 12.0%. The Company plans to open 20 new Red Robin restaurants and three to five Red Robin Burger Works resulting in operating week growth, inclusive of 2014 acquisitions, approaching 9.0%.

Capital investments in fiscal year 2015 are expected to be approximately $170 million. In addition to the new restaurant openings, the Company plans to relocate three restaurants and remodel approximately 150 Red Robin restaurants 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 2015 is estimated to be $0.33 on an annualized basis. Additionally, a 10 basis point change in restaurant-level operating profit margin is expected to impact earnings per diluted share by approximately $0.08, and a change of approximately $145,000 in pre-tax income or expense is equivalent to approximately $0.01 per diluted share.