Red Robin Gourmet misses by $0.08, misses on revs; guides Q4 EPS below consensus
- Reports Q3 (Sep) earnings of $0.21 per share, $0.08 worse than the Capital IQ Consensus of $0.29; revenues rose 2.3% year/year to $304.2 mln vs the $308.44 mln Capital IQ Consensus.
- Comparable restaurant revenue decreased 0.1% (using constant currency rates).
- Restaurant-level operating profit margin was 17.4% in the third quarter of 2017 compared to 18.6% in the same period a year ago.
- Adjusted EBITDA was $25.5 million compared to $26.8 million.
- Co issues downside guidance for Q4, sees EPS of $0.45-$0.60 vs. $1.00 Capital IQ Consensus Estimate. Sees comparable restaurant revenue in the range of flat to up 0.5% for full-year 2017.
No comments:
Post a Comment