Red Robin Gourmet Burgers, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 04:05 pm EST
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Red Robin Gourmet Burgers, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 309.03 million compared to USD 289.6 million a year ago. Net loss was USD 13.73 million compared to USD 44.69 million a year ago. Basic loss per share from continuing operations was USD 0.87 compared to USD 2.81 a year ago. Diluted loss per share from continuing operations was USD 0.87 compared to USD 2.81 a year ago.
For the full year, revenue was USD 1,303.05 million compared to USD 1,265.53 million a year ago. Net loss was USD 21.23 million compared to USD 78.88 million a year ago. Basic loss per share from continuing operations was USD 1.34 compared to USD 4.98 a year ago. Diluted loss per share from continuing operations was USD 1.34 compared to USD 4.98 a year ago.
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurants in North America. The Company's menu features its signature product, a line of Gourmet Burgers with layers of fresh ingredients and fresh ground beef. It also offers burgers made with other proteins including chicken breasts (grilled or fried), turkey patties, as well as a proprietary vegetarian patty and the Impossible plant-based burger patty. The Company offer a selection of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. It serves an array of other mainstream items, such as Donatos pizza, wings, salads, other entrees, and desserts. The Companyâs beverage categories include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers.
RED ROBIN GOURMET BURGERS, INC. 
