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Red Robin Gourmet Burgers revenues increased to $340.5 million

Staff writer ▼ | May 21, 2014
Red Robin Gourmet Burgers, Inc. reported financial results for the 16 weeks ended April 20, 2014 compared to the 16 weeks ended April 21, 2013.
Red Robin Gourmet Burgers
Red Robin Gourmet BurgersRed Robin Gourmet Burgers, Inc. reported financial results for the 16 weeks ended April 20, 2014 compared to the 16 weeks ended April 21, 2013.


Total company revenues, which include company-owned restaurant revenue and franchise royalties, increased 11.1% to $340.5 million in the first quarter of 2014 from $306.3 million in the first quarter of 2013.

System-wide restaurant revenue (including franchised units) for the first quarter of 2014 totaled $457.3 million, compared to $415.6 million for the first quarter in 2013 at constant currency rates.

Comparable restaurant revenue increased 5.4% in the first quarter of 2014 compared to the prior year. In the first quarter, guest counts increased 0.5%, supported by increased media this year, while average guest check increased 4.9%.

Comparable restaurants are those company-owned restaurants that have achieved five full quarters of operations during the period presented, and such restaurants are only included in our comparable metrics if they are comparable for the entirety of both periods presented.

Restaurant-level operating profit margins (a non-GAAP financial measure) were 22.4% in the first quarter of 2014 compared to 21.5% in the first quarter of fiscal year 2013, an improvement of 90 basis points. The increased margins resulted primarily from the leverage of a higher average check on fixed costs and effective labor management.


 

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