Red Robin Gourmet Burgers Inc (RRGB), Company and Other News, third quarter 2018 earnings report

Earnings helped by tax benefit

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A $2 million tax benefit, helped Red Robin Gourmet Burgers Inc to post $0.13 eps in the third quarter 2018

For the third quarter 2018 Red Robin Gourmet Burgers Inc income dropped by -38.1 % of $0.13 per share compare to $0.21 a year ago and EPS turn positive from $-0.14 per share from the previous quarter.

Sales contracted by -3.08 % to $295 millions from $304 millions in the same quarter a year ago and sequentially Sales decreased by -6.5 % from $315 millions.

Net income of $2 millions in the third quarter 2018 fell by -37.03 % from $3 millions in the corresponding period a year before.

The situation for Red Robin Gourmet Burgers Inc would be even worse, if there wasn't $2 million tax benefit, to restrain the decline to just -37.03 % in the third quarter 2018. Looking further into third quarter 2018 Red Robin Gourmet Burgers Inc's profitability, operating margin mitigated to 0.61%, and net margin shrank to 0.58%.

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Earnings helped by tax benefit

A $2 million tax benefit, helped Red Robin Gourmet Burgers Inc to post $0.13 eps in the third quarter 2018

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