Red Robin Gourmet Burgers Reported Q4 Revenue Of $285.2M, Down By $23.8M YoY

Benzinga

01-13

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, a decrease of $23.8 million, primarily due to the fourth quarter of fiscal 2024 including 12 operating weeks compared to 13 operating weeks in the fourth quarter of fiscal 2023.
- Restaurant revenue is expected to be approximately $280.6 million.
- Franchise royalties, fees and other revenue is expected to be approximately $4.6 million.
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 increase 1.8%.

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