Red Robin Gourmet Burgers' Q4 Preliminary Revenue Declines

(RTTNews) - Red Robin Gourmet Burgers, Inc. (RRGB), Monday reported a decline in preliminary revenue for the fourth quarter, primarily due to inclusion of 12 operating weeks compared to 13 in the previous year quarter.

For the quarter ending December 29, total revenue is estimated to be approximately $285.2 million, a decrease of $23.8 million from last year. Wall Street analysts are looking for revenue of $279.32 million.

Meanwhile, the dining restaurant chain expects comparable restaurant revenue, including the impact of a change in deferred loyalty revenue, to increase by 1.8 percent.

In the pre-market hours, Red Robin's stock is trading at $5.59, up 4.29 percent on the Nasdaq.