Red Robin Gourmet Burgers, Inc. Reports Preliminary Revenue Results for the Fourth Quarter Ended December 29, 2024
Red Robin Gourmet Burgers (NASDAQ: RRGB) has reported preliminary Q4 2024 results, with total revenue expected at $285.2 million, showing a decrease from the previous year primarily due to having one less operating week. However, the company achieved positive comparable restaurant revenue growth of 3.4% (1.8% including deferred loyalty revenue impact).
The preliminary results include expected restaurant revenue of $280.6 million and franchise royalties and fees of $4.6 million. Management attributes the growth to success from their relaunched loyalty program and 'Appointment Dining' offers, which provide targeted day-of-the-week promotions. The company reports continued strong comparable restaurant revenue growth in early January 2025.
Final financial and operating results for Q4 and fiscal year 2024 are expected to be released in February 2025.
Red Robin Gourmet Burgers (NASDAQ: RRGB) ha riportato i risultati preliminari del Q4 2024, con un fatturato totale previsto di 285,2 milioni di dollari, che segna una diminuzione rispetto all'anno precedente principalmente a causa di una settimana operativa in meno. Tuttavia, l'azienda ha registrato una crescita positiva del fatturato comparabile dei ristoranti del 3,4% (1,8% includendo l'impatto del fatturato da fedeltà deferito).
I risultati preliminari includono un fatturato da ristorante previsto di 280,6 milioni di dollari e royalties e commissioni da franchising di 4,6 milioni di dollari. La direzione attribuisce la crescita al successo del programma di fedeltà rilanciato e alle offerte di 'Appuntamento Gastronomico', che offrono promozioni mirate nei diversi giorni della settimana. L'azienda riporta una continua forte crescita del fatturato comparabile dei ristoranti all'inizio di gennaio 2025.
I risultati finanziari e operativi finali per il Q4 e l'anno fiscale 2024 sono previsti per febbraio 2025.
Red Robin Gourmet Burgers (NASDAQ: RRGB) ha reportado resultados preliminares del Q4 2024, con un ingreso total esperado de 285,2 millones de dólares, lo que representa una disminución respecto al año anterior principalmente debido a una semana operativa menos. Sin embargo, la empresa logró un crecimiento positivo del ingreso comparable de restaurantes del 3,4% (1,8% incluyendo el impacto de los ingresos de lealtad diferidos).
Los resultados preliminares incluyen un ingreso de restaurantes esperado de 280,6 millones de dólares y regalías y tarifas de franquicia de 4,6 millones de dólares. La dirección atribuye el crecimiento al éxito de su programa de lealtad relanzado y a las ofertas de 'Cenas Programadas', que ofrecen promociones específicas para días de la semana. La empresa informa sobre un continuo fuerte crecimiento del ingreso comparable de restaurantes a principios de enero de 2025.
Se espera que los resultados financieros y operativos finales para el Q4 y el año fiscal 2024 se publiquen en febrero de 2025.
레드 로빈 미식 햄버거 (NASDAQ: RRGB)는 2024년 4분기 초기 결과를 발표했으며, 총 수익은 2억 8520만 달러로 예상됩니다, 이는 지난해보다 운영 주차가 하나 감소한 주요 요인으로 하락했습니다. 그러나 회사는 비교 가능한 레스토랑 수익의 3.4% 성장 (유보된 로열티 수익 영향을 포함하면 1.8%)을 기록했습니다.
초기 결과에는 예상 레스토랑 수익 2억 8060만 달러와 프랜차이즈 로열티 및 수수료 460만 달러가 포함됩니다. 경영진은 충성도 프로그램의 재출시와 '예약 식사' 제공의 성공에 따라 성장을 이끌어 내고 있으며, 이는 특정 요일에 프로모션을 제공합니다. 이 회사는 2025년 1월 초에 계속해서 강한 비교 가능한 레스토랑 수익 성장을 보고합니다.
2024년 4분기 및 회계 연도의 최종 재무 및 운영 결과는 2025년 2월에 발표될 예정입니다.
Red Robin Gourmet Burgers (NASDAQ: RRGB) a publié des résultats préliminaires pour le Q4 2024, avec un chiffre d'affaires total attendu de 285,2 millions de dollars, affichant une baisse par rapport à l'année précédente principalement en raison d'une semaine d'exploitation de moins. Toutefois, l'entreprise a réalisé une croissance positive du chiffre d'affaires comparable des restaurants de 3,4% (1,8% en incluant l'impact des revenus de fidélité différés).
Les résultats préliminaires incluent un chiffre d'affaires de restaurant attendu de 280,6 millions de dollars et des redevances et des frais de franchise de 4,6 millions de dollars. La direction attribue cette croissance au succès de leur programme de fidélité relancé et aux offres de 'Dîner Sur Rendez-vous', qui proposent des promotions ciblées selon les jours de la semaine. L'entreprise fait état d'une forte croissance continue du chiffre d'affaires comparable des restaurants début janvier 2025.
Les résultats financiers et opérationnels définitifs pour le Q4 et l'année fiscale 2024 devraient être publiés en février 2025.
Red Robin Gourmet Burgers (NASDAQ: RRGB) hat vorläufige Ergebnisse für das 4. Quartal 2024 berichtet, mit einem voraussichtlichen Gesamtumsatz von 285,2 Millionen US-Dollar, was im Vergleich zum Vorjahr einen Rückgang darstellt, hauptsächlich aufgrund einer weniger operativen Woche. Dennoch konnte das Unternehmen ein positives Wachstum des vergleichbaren Restaurantumsatzes von 3,4% erzielen (1,8% einschließlich der Auswirkungen der aufgeschobenen Treueeinnahmen).
Die vorläufigen Ergebnisse beinhalten voraussichtliche Restaurantumsätze von 280,6 Millionen US-Dollar und Franchise-Gebühren und Lizenzen von 4,6 Millionen US-Dollar. Das Management führt das Wachstum auf den Erfolg des neu gestarteten Treueprogramms und der 'Reservierungs-Dining'-Angebote zurück, die gezielte Tagesaktionen bieten. Das Unternehmen berichtet von einem weiterhin starken Wachstum des vergleichbaren Restaurantumsatzes zu Beginn Januar 2025.
Die endgültigen finanziellen und operativen Ergebnisse für das 4. Quartal und das Geschäftsjahr 2024 werden voraussichtlich im Februar 2025 veröffentlicht.
- Comparable restaurant revenue growth of 3.4% (excluding loyalty impact)
- Strong growth momentum continuing into January 2025
- Successful implementation of loyalty program and targeted promotions
- Total revenue decreased by $23.8 million compared to Q4 2023
- Results are preliminary and subject to adjustments
Insights
Red Robin's preliminary Q4 results reveal a nuanced financial picture. The reported
The company's strategic initiatives are showing promise. The revamped loyalty program and 'Appointment Dining' promotion strategy demonstrate sophisticated revenue management, targeting specific customer segments during off-peak periods. This approach typically improves capacity utilization while maintaining margin integrity. The
Early January performance indicates momentum continuation, which is particularly noteworthy given the traditionally challenging post-holiday period for casual dining. However, investors should note these are preliminary results pending final audit, which could see adjustments.
The positive comparable sales growth in Q4 is particularly impressive considering the broader casual dining sector's challenges with inflation and shifting consumer behaviors. The success of the loyalty program relaunch indicates effective customer data utilization and personalization strategies, critical differentiators in today's competitive restaurant landscape.
The 'Appointment Dining' concept represents an innovative approach to demand management, effectively using targeted promotions to drive traffic during specific dayparts. This strategy typically results in better table turnover rates and improved operational efficiency. The positive momentum into January suggests these initiatives are creating sustainable traffic patterns rather than just short-term promotional lifts.
The continued growth in comparable restaurant revenue, despite macroeconomic pressures, indicates Red Robin is successfully repositioning itself in the market through enhanced food quality and service improvements. This could lead to increased market share in the casual dining segment, particularly important given the company's relatively modest market cap of
Delivers Positive Fourth Quarter Comparable Restaurant Revenue Growth
Preliminary Revenue Results for the Fourth Quarter of Fiscal 2024 as Compared to the Fourth Quarter of Fiscal 2023:
- Total revenue is expected to be approximately
$285.2 million $23.8 million - Restaurant revenue is expected to be approximately
$280.6 million - Franchise royalties, fees and other revenue is expected to be approximately
$4.6 million
- Restaurant revenue is expected to be approximately
- Comparable restaurant revenue (1) is expected to increase
3.4% , excluding the impact of a change in deferred loyalty revenue. Including this impact, Comparable restaurant revenue (1) is expected to increase1.8% .
G.J. Hart, Red Robin's President and Chief Executive Officer said, "We expect our fourth quarter comparable restaurant revenue growth will beat our prior expectations as the momentum we saw to start the fourth quarter accelerated through the end of the year. We believe our results were driven by continued traction from our relaunched loyalty program and our 'Appointment Dining' offers which provide selective and highly targeted day-of-the-week promotions to our guests who are searching for it most. These initiatives are driving new and lapsed guests back into Red Robin restaurants to experience the enhancements we have made to both food quality and hospitality."
Hart concluded, "We are pleased the business has continued to deliver strong growth in comparable restaurant revenue in the first two weeks of January. Finally, I'd like to say thank you to our more than 20,000 team members around the country. Their dedication to delivering a great guest experience every day is key to the long-term success of Red Robin."
The expected financial results are preliminary and unaudited, have not been reviewed by the Company's independent registered public accountants, and remain subject to the completion of normal year-end accounting procedures and adjustments, and are therefore subject to change. The Company expects to release final financial and operating results for its fiscal fourth quarter and fiscal year ended December 29, 2024 during February 2025.
(1) Comparable restaurant revenue represents revenue from Company-owned restaurants that have operated for at least 18 months as of the beginning of the period presented. |
About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
Red Robin Gourmet Burgers, Inc. (www.redrobin.com), is a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name, Red Robin Gourmet Burgers and Brews. We believe nothing brings people together like burgers and fun around our table, and no one makes moments of connection over craveable food more memorable than Red Robin. We serve a variety of burgers and mainstream favorites to guests of all ages in a casual, playful atmosphere. In addition to our many burger offerings, Red Robin serves a wide array of salads, appetizers, entrees, desserts, signature beverages and Donatos® pizza at select locations. It's easy to enjoy Red Robin anywhere with online ordering available for to-go, delivery and catering, or you can download our app for easy customization, access to the Red Robin Royalty® dashboard and more. There are approximately 500 Red Robin restaurants across
Forward-Looking Statements
Forward-looking statements in this press release regarding the Company's preliminary results for the fourth quarter and fiscal year ended December 29, 2024; the Company's performance in the first two weeks of January 2025; and all other statements that are not historical facts are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on assumptions believed by the Company to be reasonable and speak only as of the date on which such statements are made. Without limiting the generality of the foregoing, words such as "expect," "believe," "anticipate," "intend," "plan," "project," "could," "should," "will," "outlook" or "estimate," or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date and cautions investors not to place undue reliance on any such forward-looking statements. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those described in the statements, including but not limited to the following: the completion of normal year-end accounting procedures and adjustments with respect to our preliminary results for the fourth quarter of 2024; the risk that our performance for the remainder of 2025 will not be consistent with the Company's results during the first two weeks of January 2025; the effectiveness of the Company's strategic initiatives, including our "North Star" plan, labor and service models, and operational improvement initiatives and our ability to execute on such strategic initiatives; the global and domestic economic and geopolitical environment and the impacts on the restaurant industry; our ability to effectively compete in the industry and attract and retain guests; the adequacy of cash flows and the cost and availability of capital or credit facility borrowings; a privacy or security breach or a failure of our information technology systems; the effectiveness and timing of the Company's marketing and branding strategies, including the loyalty program and social media platforms; unanticipated changes in guest traffic; changes in consumer preferences; leasing space including the location of such leases in areas of declining traffic; changes in cost and availability of commodities; interruptions in the delivery of food and other products from third parties; pricing increases and labor costs; changes in consumer behavior or preference; expanding our restaurant base; maintaining and improving our existing restaurants; the transition and retention of our key personnel; our ability to recruit, staff, train, and retain our workforce; operating conditions, including adverse weather conditions, natural disasters, pandemics and other events affecting the regions where our restaurants are operated; actions taken by our franchisees that could harm our business or reputation; negative publicity regarding food safety or health concerns; protection of our intellectual property rights; changes in federal, state, or local laws and regulations affecting the operation of our restaurants; and an increase in litigation or legal claims by team members, franchisees, customers, vendors, stockholders and others. These factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements and risk factors described from time to time in the Company's Form 10-K, Form 10-Q, and Form 8-K reports (including all amendments to those reports) filed with the
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SOURCE Red Robin Gourmet Burgers, Inc.
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