Red Robin: Reported Results for Fiscal Q2-2022

Englewood / CO. (rrgb) Red Robin Gourmet Burgers Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, reported financial results for the fiscal second quarter ended July 10, 2022.

Results for the second quarter versus Q2-2021

  • Restaurant revenue of USD 288.7 million increased 6.1 percent compared to 2021;
    • Ninth consecutive quarter of sustained off-premises sales Dollars of more than double pre-pandemic levels;
  • Comparable restaurant revenue increased 6.7 percent and 4.1 percent compared to 2021 and 2019, respectively;
    • Approximately 200 restaurants serving Donatos® pizza outperformed non-Donatos® locations by 8.4 percent in comparable restaurant revenues compared to 2019;
  • Net loss of USD 17.9 million increased USD 12.9 million compared to 2021;
  • Restaurant level operating profit margin decreased by 210 basis points driven primarily by commodity and wage rate inflation, partially offset by sales leverage and other labor costs; and
  • Adjusted Ebitda(1) (a non-GAAP metric) of USD 11.9 million decreased USD 7.1 million compared to 2021.

For additional information please read the Company’s PDF file below (105 KB):

20220812-RED-ROBIN-Q2-2022
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