With some new craves, and all of your faves, Red Robin Gourmet Burgers and Brews has options for the whole family. ET. Red Robin Gourmet Burgers (RRGB) Q4 2020 Earnings Call Transcript March 3, 2021 | Price: Free! And then, we additionally incorporated these sales volumes for our Western markets, which are just starting to reopen. [Operator signoff], Like us on Facebook to see similar stories, Board fight at Exxon intensifies spotlight on climate change, Stocks Slip as Investors Balance Economic Data and Fed Comments. And we expect capital expenditures of $45 million to $55 million, including continued investment in maintaining our restaurants and infrastructure with maintenance and systems capital, Donatos expansion to approximately 120 locations. The market expects Red Robin (RRGB Quick Quote RRGB - Free Report) to deliver a year-over-year increase in earnings on lower revenues when it reports … General and administrative costs were $16.4 million, a decrease versus the prior year of $2.9 million, primarily driven by lower team member salaries and wages, lower travel and entertainment expenses, and lower professional service fees due to cost reduction initiatives partially offset by increased team member benefit cost. And that's what tells me that we're going to be able to take market share as we get the dining rooms to reopen there. So, I actually think things are just going to get better from those numbers. That's right -- they think these 10 stocks are even better buys. Q4 adjusted loss per diluted share was $1.79, as compared to an adjusted loss per diluted share of $0.36 in Q4 2019. This new model is beneficial for both our guests and our team members as it supports our TGX hospitality model while also creating a structured and clear career path for team members. 6 November 2020: Q3 2020 Earnings Call Transcript Q2 2020. We cannot thank them enough for what they have done on behalf of our company and the communities we serve. But just curious it was broad-based, perhaps it was a particular region or segment of the business that accelerated more. And we currently expect to generate additional cash tax refunds of approximately $16 million in 2021 from net operating loss carrybacks. Please note that today's call … As Paul mentioned previously, we appreciate the long-term strategic partnerships we have had with our landlords, and we are close to concluding our ongoing discussions related to our remaining [Inaudible]. During today's call, … Q1 2020 Red Robin Gourmet Burgers Inc Earnings Call GREENWOOD VILLAGE Jun 22, 2020 (Thomson StreetEvents) -- Edited Transcript of Red Robin Gourmet Burgers Inc earnings conference call … Please note that today's call is recorded. TGX combines technology and improved service coverage to deliver an elevated and more attentive guest experience, enabling our servers to stay in their section the majority of the time. Yes. Thanks, and good evening. We told our story by playing to our strengths in digital marketing, driving the best ever Loyalty Engagement, and significantly improved website traffic. And thank you for joining us today. Earnings for Red Robin Gourmet Burgers are expected to grow in the coming year, from ($10.41) to ($2.05) per share. Red Robin Gourmet Burgers, Inc. RRGB reported weak fourth-quarter fiscal 2020 results, wherein both earnings and revenues missed the Zacks Consensus Estimate after beating the same in the preceding quarter. And then, thinking longer term, do you see an opportunity to optimize with ads spend in a post-COVID environment? Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 4, 2020 finance.yahoo.com Mar 4, 2021 4:05 pm Red Robin Gourmet Burgers, Inc. to Host Earnings Call I think as you can guess is, as its capacity rises or these rises, but I did not break it out into those segments. Now turning to some of the specifics related to the fiscal fourth quarter, Q4 2020 comparable restaurant revenues decreased 29%, driven by a 28.8% decline in guest traffic and a 0.2% decrease in average check. Recent call transcripts of Red Robin Gourmet Burgers Inc. Q4 2020. Operator Good afternoon, everyone, and welcome to the Red Robin Gourmet Burgers, Incorporated fourth-quarter 2020 earnings call. Now as we look ahead, our intention is to build on these achievements, and create long-term value for all shareholders as we prepare for what we believe will be a strong casual dining recovery and a bright future for Red Robin in particular. Red Robin offers a differentiated proposition. Finally, we optimize our portfolio as we near the completion of our lease negotiations. I will now turn the call over to Lynn, to review the fourth quarter. So, we are extremely pleased with the 9 and the 13 results because we see -- still, a lot more to come with California reopening, and then both Washington and Oregon being able to expand beyond the 10% to 15% or 25% level. We believe Donatos will generate annual company pizza sales of more than $60 million in the profitability of more than $25 million by 2023 when we have completed our rollout to approximately 400 company-owned locations. Red Robin reported a first-quarter adjusted per-share loss of $6.66, well below the FactSet consensus for a loss of $1.34. We also currently expect that the combination of enterprise pricing, outdoor seating capacity expansions, restoration of full-operating hours, and Donatos will generate incremental growth of mid-to-high single-digit comparable restaurant revenue beyond the benefits associated with the recovery. So, I'm actually pleased with how the digital-only outreach or marketing in Q1 is working, which I think bodes well for Red Robin because it just gives us more opportunity to expand our outreach as the cost of digitals certainly lower than broadcast TV. The company has posted its fiscal fourth-quarter 2020 earnings release and supplemental financial information related to the results on its website at www.redrobin.com in the Investor Relations section. We simplified our menu, which reduced over one-third of our offerings and enhanced operations resulting in over $2 million of annual savings in terms of back of house labor, and reduced waste. These non-GAAP measures are not prepared in accordance with Generally Accepted Accounting Principles but are intended to illustrate an alternative measure of the company's operating performance that may be useful. Despite reporting lower-than-expected results, the company’s shares increased 4.8%. Edit Profile. Add to Google Calendar. While also improving margin within the channel in restaurants that are operating over 50% capacity, we have sustained offering the sales of more than twice pre-pandemic levels. Connect with friends faster than ever with the new Facebook app. Well, Brian, this is Paul again. Earnings for Red Robin Gourmet Burgers are expected to grow in the coming year, from ($10.41) to ($2.05) per share. Yeah, absolutely. At quarter-end, our outstanding debt balance was $170.6 million, and letters of credit outstanding were $8.7 million. Lynn Schweinfurth -- Chief Financial Officer. Whoops. The Motley Fool - RRGB earnings call for the period ending December 31, 2020. Additionally, we are confident in the future of Red Robin as we continue to execute on our transformation strategy and initiatives Paul previously outlined. Red Robin Gourmet Burgers releases earnings for the most recent quarter on May 25. ET. We're seeing the off-premise sales mix of approximately 38%, and then the restaurants that are 75% or greater, we're seeing the level at 31%. Price to Earnings Ratio vs. the Market. Due to the COVID-19 pandemic, the company undertook several measures to preserve liquidity and reduce costs throughout 2020, including meaningful permanent reductions. Yeah. Part of our transformation strategy to deliver our brand promise included improving our guest service model. Red Robin Gourmet Burgers, Inc. (RRGB) CEO Paul Murphy on Q3 2020 Results - Earnings Call Transcript 6 months ago - Seeking Alpha Red Robin (RRGB) Q3 Earnings … The conference call can be accessed live over the phone by dialing (201) 689-8560. Something went wrong. During today's conference call, management will also discuss non-GAAP financial measures. “It represents a substantial catalyst for growth,” said Paul Murphy, Red Robin’s president and CEO, in a fourth-quarter earnings call Wednesday. Contents: Prepared Remarks. The conference call can be … Well, Alex, I'd say what we're seeing, I think, you're correct. Good afternoon, everyone, and welcome to the Red Robin Gourmet Burgers, Incorporated Second Quarter 2020 Earnings Call. Digital guest and operational technology solutions and off-premise execution enhancement. Red Robin will host an investor conference call to discuss its second quarter 2020 results today at 5:00 pm. Prioritizing our strategic initiatives that deliver strong financial returns while maintaining our diligence on cost management and liquidity has positioned our brand for recovery and long-term growth, especially as our Western markets continue to loosen indoor dining room restrictions. The second amendment provides increased near-term flexibility as we continue to deliver our balance sheet and strategically positioned the brand for 2021 and beyond. Good afternoon, everyone, and welcome to the Red Robin Gourmet Burgers, Incorporated fourth-quarter 2020 earnings call. We also restructured our management-labor model to provide increased flexibility and better supervisory coverage during peak times. And we are continuing to evolve our thinking around how we're spending our marketing dollars and the returns we're getting related to those investments. Approximately 80% of our off-premise orders were driven through digital channels in both regions that have had dining rooms reopen for a prolonged period. Now, I would like to turn the call over to Red Robin's CEO, Paul Murphy. Our next question will come from Brian Vaccaro with Raymond James. No, Brian especially in California with what we've been able to accomplish with the extended outdoor seating opening it up whether it was at 10%, 15%, or even 25% out of the gate is accretive to us, both top line and bottom line. Dine and sales were down 53.5%, partially offset by off-premise sales growth. The pandemic created an opportunity to accelerate the implementation of our Total Guests Experience or TGX hospitality model as dining rooms reopened. Prepared Remarks: Operator. I'm very encouraged by what I'm seeing by the sales level that we've had on the West Coast as just even in California with the outdoor seating reopening. The highest volume and frankly, it has been shut down from restrictions the longest of any parts of the country. ET. Or do you need to see higher than that? I know it's just one week before and obviously, a pretty significant increase back of 50,000 AWS and it seems like there's a pretty good week probably for the category. Red Robin (RRGB) delivered earnings and revenue surprises of 86.03% and -1.27%, respectively, for the quarter ended September 2020. 10, 2020Corporate Participants: Paul Murphy III — President and Chief Executive Officer. The combination of the recovery of our core Western market restaurants, which represented almost 40% of our 2019 sales, pent-up demand for full-service dining, higher average guest check with increasing on-premise dining, and industry restaurant closures will continue to create significant growth opportunities for the brand throughout 2021. Just some color on that week if he could and what's been driving that improvement. The Motley Fool has a disclosure policy. Through February, we had completed negotiations for more than 85% of company-owned restaurants with 3% to 4% in occupancy savings expected over remaining lease terms as compared to 2019. In terms of off-premise sales and comparing that to the pre-pandemic number of 14% certainly that's more than double. We're looking at the material quickly if you're Ok with that. Red Robin Gourmet Burgers (NASDAQ:RRGB) announces its next round of earnings this Tuesday, May 25. And I guess to that point, is it possible to isolate say that the units that are at 75% or greater capacity, how many that might be? Can you disclose the quarter to date? Revenue fell 33.6% compared to the same quarter a year ago. I can't really speak to the pace, but certainly the news out of Texas and of some other states, yesterday was good in the sense that being able to move more restaurants into the 75% to 100% capacity. Does it make sense for you to open restaurants if you're -- if they allow 25%? This article is a transcript of this conference call produced for The Motley Fool. And then on the -- just on marketing activities if you had any comments on the results of the national marketing efforts in 4Q with TV and if that was sort of in line with expectations. During the fourth quarter, we continue to diligently engage with our landlords to restructure our leases. 2020 was a challenging year on all fronts. Download, follow and add "Red Robin Gourmet Burgers, Inc." earnings calls to your podcast at EarningsCast. I share Paul's confidence that our brand is strategically positioned for consistent, meaningful growth as we move beyond this pandemic. | Source: Motley Fool Red Robin Gourmet Burgers, Inc. (RRGB) CEO Paul Murphy on Q3 2020 Results - Earnings Call Transcrip Nov. 8, 2020 | Price: Free! Improving our speed of service, including decreased ticket in window wait times, and improving cleanliness scores. Red Robin Gourmet Cheeseburger House Fave . Red’s pickle relish, red onions, pickles, lettuce, tomatoes, mayo and your choice of cheese. Select to choose or confirm location before proceeding to Red Robin Gourmet Cheeseburger Whiskey River® BBQ House Fave . Whiskey River® BBQ Sauce, crispy onion straws, Cheddar, lettuce, tomatoes and mayo. We accelerated profitable growth by improving our enterprise business model with meaningful operational efficiencies and permanent cost reductions, which serve to improve our position both in the short run as well as our readiness for recovery. Yeah. We are performing well against Black Box especially on the West Coast from a transaction standpoint. Other Ticker Details RRGB Company Name Red Robin Gourmet Burgers Inc. Earnings Call Date 03-03-2021 Time (ET) 05:00 PM Fiscal Quarter As we adapt to a post-COVID operating environment within the full-service dining space, we are preparing our team members with a prescriptive ready, set, reopen training playbook addressing short, medium, and long-term actions required to continue building satisfaction with our guests. Our first question today will come from Alex Slagle with Jefferies. [Operator instructions]. And guiding best practices for resuming the operation of our indoor dining rooms at 100% capacity, while retaining higher off-premise and outdoor dining sales. For Red Robin, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to … Currently, is it possible to isolate, give us a sense of where sales volumes are for those restaurants specifically, and what that dining inverse off-premise mixed looks like? Additionally, we are taking advantage of the tax benefits and deferrals as allowed by the CARES Act. These charges included; $6.9 million, related to restaurant closures; $6.2 million, related to the restaurant after the impairment; $1.9 million, related to litigation contingencies; and $0.6 million, for COVID-19 related costs including purchasing personal protective equipment for our restaurant team members and gas, and providing emergency sick pay to our restaurant team members. We are maintaining strong off-premise sales comprising 43.9% of total food and beverage sales. Red Robin will host an investor conference call to discuss its fourth quarter and full year 2020 results today at 5:00 p.m. So, I think you will see more of that as we move into the future. Analyst Opinion on Red Robin Gourmet Burgers (NASDAQ:RRGB) 5 Wall Street analysts have issued ratings and price targets for Red Robin Gourmet Burgers in the last 12 months. Both the TGX service model and our new management-labor model are contributing to our highest ever guest satisfaction scores. With that, I will turn the call back over to Paul. Price to Earnings Ratio vs. the Market The P/E ratio of Red Robin Gourmet Burgers is -1.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures can be found in the earnings release. Having positioned ourselves to be ready for recovery and with our future growth drivers in place, we have confidence in the future of Red Robin. We were down for the week 13% in restaurants that had some capacity in their dining room. Please try again, try another browser, or Click Here to Order Online Informations relatives à votre compte, à votre appareil et à votre connexion internet, y compris votre adresse IP, Informations relatives à votre navigation et historique de recherche lors de l’utilisation des sites web et applications de Verizon Media. We made significant improvements to off-premise execution, including process and technology enhancements, and implementing a triple check accuracy program ensuring every order goes through three checks before being handed to the guest. Next, guidance for 2021. And I think in California, and some Texas needs the other California in San Francisco news as well. Please try again, try another browser, or Click Here to Order Online And we deliver the brand promise by improving our service model resulting in record-high guest satisfaction scores and continuing to provide our guests with a unique and truly differentiated casual dining experience. Do the … Brian Vaccaro -- Raymond James -- Analyst. Q4 2020 Red Robin Gourmet Burgers, Inc. Earnings Conference Call : Webcast Presentation. So, capacity is probably more in the 10% to 15% range. We were down 9% for this last week, but it was very broad-based. Description: Red Robin Gourmet Burgers Inc is a restaurant operator.The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. And regions that have been subject to multiple indoor dining room closures, we are seeing off-premise mixed sustain at over two times pre-pandemic levels. The market expects Red Robin (RRGB) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended … As you mentioned the higher levels of competitive closures in many of these markets. I guess, all over the country that would suggest an opportunity for an even stronger comp rebound and potentially sales volumes getting above pre-COVID levels as the recovery takes shape to interested. This transition has resonated with our guests as we drove a record number of guests to our website. Our continued focus on our off-premise service model allowed us to capture meaningful growth in the channel, which rose 131.8% in the fourth quarter, representing 43.9% of total food and beverage sales for the quarter. So, we're not prepared today to provide specific guidance on selling expenses. Earnings And Revenue Sell-side analysts are expecting Red Robin Gourmet Burgers's loss per share to be near $1.1 on sales of $230.83 million. Before I conclude, I'd like to take a moment to thank our entire Red Robin team for the results they are generating, including preparing our team to capture future occasions through high-quality execution and to drive strategic growth. We have made a bit of a pivot from what you historically have seen with the Red Robin brand, and the reliance on broadcast TV getting much more into the digital space you know doing the customer segmentation and targeting against those segments. 12 August 2020: ... CEO Pattye Moore on Q2 2019 Results - Earnings Call Transcript Q2 2019. Red Robin Gourmet Burgers Reports Earnings for the Fiscal Second Quarter 2009 ... Investor Conference Call and Webcast . During today's call, … Lynn Schweinfurth — Executive Vice President and Chief Financial Officer. Thank you, very much. As published in our earnings release this afternoon is as follows; we expect that the recovery of our Western markets, which represent a meaningful portion of our portfolio pent up demand for full-service dining, higher average guests check with increasing on-premise dining, and industry restaurant closures will drive significant comparable restaurant revenue growth in 2021. These accomplishments, coupled with the aforementioned growth drivers and favorable guest demographics bode well for Red Robin as our industry moves closer to an eventual recovery. Red Robin Gourmet Burgers (Nasdaq: RRGB) reported a net loss of $6.2 million for its third quarter on Thursday, though its monthly comparable sales … Please note that today's call is being recorded. As of the end of the second fiscal period ended February 21, 2021, our liquidity was $122 million, including the impact of a one-time cash payment of $8.5 million paid during the first quarter of 2021 related to a legal sales settlement. Well, obviously, we did do some broadcast media in the fourth quarter, but we also had a substantial amount of restaurants where we didn't quite expect the number of dining room closures that we had. Description: Red Robin Gourmet Burgers Inc is a restaurant operator.The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Now turning to the balance sheet. Restaurant-level operating profit as a percentage of restaurant revenue was 6.2%, primarily due to sales deleverage, higher hourly wages and benefit costs, and costs driven by higher off-premise sales, partially offset by pricing favorable commodity costs and lower janitorial and maintenance costs. Well, Brian, I'll answer your question this way. Our off-premise model has been a tremendous growth driver for Red Robin, and we expect to retain a higher portion of off-premise sales than our approximately 14% pre-pandemic mix. Red Robin Gourmet Burgers Inc. (RRGB) Q3 2019 Earnings Call Transcript RRGB earnings call for the period ending October 6, 2019. The Motley Fool has no position in any of the stocks mentioned. I mean, we are anticipating savings over 2019 levels, which we shared in the past. Mix decreased by 2.9%, driven by lower sales of beverages and finest burgers due to higher off-premise sales, and an additional 0.3% decrease from the higher discount, partially offset by an increase in the overall pricing of 3%. But can you speak the average weekly sales in the ones that are further along, and in raising the effective capacity for dining? I'm sorry if I missed it, but did you disclose the off-premise sales mix in the quarter-to-date period. For our team members, for the communities and guests that we serve, and for our business. At Red Robin, we not only served or made burgers and mainstream favorites like shareable pizza, wings, milkshakes, and beer, better than anyone else, but our playful, fun atmosphere is an ideal setting for families or friends to connect with one another around the table. Interested parties can register for or listen to the call using this link. The report will be for the fiscal Quarter ending Mar 2021. Hi, Paul, Lynn, hope you guys are doing well. And of course, all of our great work and optimism for the future would not be possible without the incredible efforts and accomplishments of our Red Robin team members. We intend to continue to effectively manage our bottom line and dedicate our free cash flow over the next several quarters to deleveraging our balance sheet while maintaining the flexibility to pursue strategic growth initiatives. Listen to "Q1 2021 Red Robin Gourmet Burgers, Inc. Earnings Conference call". To sum it up, we achieved a great deal amid the pandemic, including strengthening operations, improving guest satisfaction, fortifying our business model, and strengthening our balance sheet. As we confirmed last quarter, we received $49.4 million in cash tax refunds, inclusive of interest payments during Q4 as a result of the CARES Act, net operating loss carryback provision, which we used to pay down our revolving line of credit and deleverage our balance sheet. Yes, that makes sense. Red Robin Gourmet Burgers Inc. Q1 2020 earnings call dated Jun. Our core guest is generally younger than that of the casual dining category, and more active in the digital space allowing us to further leverage digital marketing strategies that are more effective and less expensive. Red Robin Gourmet Burgers releases earnings for the most recent quarter on May 25. En cliquant sur « Tout refuser », vous refusez tous les cookies et technologies similaires dits non-essentiels mais Verizon Media continuera à utiliser des cookies et technologies similaires exemptés du consentement. For Red Robin, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to … The material improvements we made to our business will enable us to resume our transformation strategy in an even stronger position, and deliver our brand promise, recapture the soul of Red Robin effectively, tell our story, and accelerate profitable growth. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Other Ticker Details RRGB Company Name Red Robin Gourmet Burgers Inc. Earnings Call Date 03-03-2021 Time (ET) 05:00 PM Fiscal Quarter Vous pouvez modifier vos choix à tout moment en consultant Vos paramètres de vie privée. Motley Fool Transcribing has no position in any of the stocks mentioned. Red Robin Gourmet Burgers (RRGB) Recent Earnings. | Source: Seeking Alpha Red Robin said in an April 8 regulatory filing that it replaced targets based on company earnings with metrics that compare performance to corporate … Our improvements resulted in a 40% increase in order accuracy, and a 50% increase in overall off-premise guest satisfaction scores even as offering the sales more than doubled, compared to the prior year. With Donatos performance during the pandemic, our conviction has strengthened that it represents a substantial catalyst for growth. Please note that today's call is recorded. I think allowing new reopened restaurants with dining room seating of 25%, is that correct? And I'm -- today, very pleased with what I'm seeing and the response that we're getting out of our campaign. We will now begin the Q&A session. 10 stocks we like better than Red Robin Gourmet Burgers, When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. NEW YORK, NY / ACCESSWIRE / February 26, 2019 / Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 26, 2019 at 5:00 PM Eastern Time. I would like to begin by providing a high-level summary of where Red Robin is today, and how our accomplishments in 2020 give us strong confidence in the future of our brand. Maybe I'll move forward on the margins and specifically how you're thinking about the advertising spend. In 2021, we are introducing new third-party delivery partners and continuing to improve our technology platforms through website enhancements and a new Red Robin mobile app. John Glass — Morgan Stanley — Analyst. Vous pouvez sélectionner l’option « Personnaliser mes choix » afin de gérer vos préférences. The chain closed 10 underperforming locations, including seven in malls. [Operator instructions]. We are very encouraged by our recent sales trajectory. Listen to "Q1 2021 Red Robin Gourmet Burgers, Inc. Earnings Conference call". As vaccinations are being rolled out nationwide, we are preparing our teams for a post-pandemic operating environment, including staffing and training, and are confident we have the foundation in place to create and grow long term value for our shareholders when we can truly capitalize on pent up demand for a Red Robin occasion.

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