Decline in Earnings despite Increase in Demand

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Red Robin Gourmet Burgers Inc announced second quarter 2017 operating income of $9.366 millions

Red Robin Gourmet Burgers Inc reported declining eps on increasing revenue in the second quarter 2017, where Sales grew by 3.35 % to $316 millions in comparison to $306 millions on a year-over-year basis, while earnings decreased by -3.64 % to $0.53 per share, income per share was $0.55 in the same quarter a year ago.

In the previous quarter company realized Sales of $419 millions and bottom line of $0.89 per share.

Net income of $7 millions in the second quarter 2017 fell by -8.22 % from $8 millions in the corresponding period a year before. Red Robin Gourmet Burgers Inc shifted it's focus on improving sales in the second quarter 2017, as a result net margin eased to 2.19%.

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