Red Robin Gourmet Burgers, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 09, 2023
August 17, 2023 at 04:11 pm EDT
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Red Robin Gourmet Burgers, Inc. reported earnings results for the second quarter and six months ended July 09, 2023. For the second quarter, the company reported revenue was USD 298.65 million compared to USD 294.06 million a year ago. Net income was USD 3.92 million compared to net loss of USD 17.97 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to basic loss per share from continuing operations of USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to diluted loss per share from continuing operations of USD 1.13 a year ago.
For the six months, revenue was USD 716.46 million compared to USD 689.13 million a year ago. Net income was USD 0.664 million compared to net loss of USD 21.55 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 1.37 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 1.37 a year ago.
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurants in North America. The Company's menu features its signature product, a line of Gourmet Burgers with layers of fresh ingredients and fresh ground beef. It also offers burgers made with other proteins including chicken breasts (grilled or fried), turkey patties, as well as a proprietary vegetarian patty and the Impossible plant-based burger patty. The Company offer a selection of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. It serves an array of other mainstream items, such as Donatos pizza, wings, salads, other entrees, and desserts. The Companyâs beverage categories include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers.
RED ROBIN GOURMET BURGERS, INC. 
