Red Robin Gourmet Burgers Inc. reported a 34.3-percent increase in net income, to $4.7 million, in the third quarter ended Oct. 6, after positive guest traffic drove growth in revenue and same-store sales.
The Greenwood Village, Colo.-based company said recent moves to change its menu and marketing brought about a 1.1-percent increase in guest counts and a 4.6-percent gain in average check. Chief executive Steve Carley noted that the brand would focus on making further gains in traffic and market share in the near future. Red Robin operates or franchises 491 casual-dining restaurants.
NET INCOME
Result: $4.7 million, or 32 cents per share% Increase: 34.3% (from $3.5 million, or 24 cents per share)
REVENUE
Result: $230.7 million% Increase: 8.1% (from $213.3 million)
SAME-STORE SALES
% Increase at company-owned restaurants: 5.7%Source: Company report
RELATED:
• Red Robin's 2Q net income rises 44%
• Red Robin: Brand transformation gaining traction
• More restaurant industry finance news
Contact Mark Brandau at [email protected].
Follow her on Twitter: @Mark_from_NRN
