Red Robin Gourmet Burgers Inc. (RRGB) reported first-quarter net income of $9.5 million or $0.66 per share compared to $10.6 million or $0.71 per share last year.
Total revenues increased 2.3% to $306.3 million. Company-owned comparable restaurant revenues increased 2.2%.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.66 for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $306.36 million for the quarter.
In 2013, the company expects comparable restaurant sales growth of 2.5% to 3.0%. The company said the sensitivity of its earnings per share to a 1% change in guest counts for fiscal 2013 is estimated to be $0.23 on an annualized basis. Additionally, a 10 basis point change in restaurant-level operating margin is expected to impact earnings per share by approximately $0.05, and a change of $187 thousand in pre-tax income or expense is equivalent to approximately $0.01 per share.
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