Businessweek

Red Robin Gourmet Burgers Inc. announced that it plans to open 20 new company-owned Red Robin restaurants in addition to several Red Robin's Burger Works restaurants and intends to remodel 20 existing Red Robin restaurants as part of its brand transformation initiative. Red Robin Gourmet Burgers Inc. reported unaudited consolidated earnings results for the first quarter ended April 21, 2013. For the quarter, the company’s total revenues were $306,349,000 compared to $299,459,000 a year ago. Income from operations was $13,546,000 compared to $15,747,000 a year ago. Income before income taxes was $12,457,000 compared to $13,914,000 a year ago. Net income was $9,480,000 compared to $10,558,000 a year ago. Diluted earnings per share were $0.66 compared to $0.71 a year ago. Cash generated from operations totaled $40.4 million compared to $29.6 million in the first quarter of 2012. Comparable sales grew 2.2% resulting from price increases to offset inflation, and guests adding on more beverages and appetizers offset by a modest guest count decline. EBITDA was reduced by about $2,000,000. The company provided earnings guidance for the fiscal year 2013. For the year, the company expects comparable restaurant sales growth of 2.5% to 3.0% compared to 2012 based on a combination of increases in prices, items sold per guest and increased guest visits. Restaurant-level operating profit margins in 2013 are expected to be near 20.9%. The income tax rate in 2013 is expected to be near 24%. The company's earnings per diluted share to a 1% change in guest counts for fiscal 2013 are 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 diluted share by approximately $0.05, and a change of $187,000 in pre-tax income or expense is equivalent to approximately $0.01 per diluted share. capital expenditures expected to be around $70 million.

Red Robin Gourmet Burgers Inc., Q1 2013 Earnings Call, May 21, 2013

Red Robin Gourmet Burgers Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 21, 2013

Red Robin Gourmet Burgers Inc. announced the appointment of Steph Steil Hoppe as vice president of Menu Innovation & Implementation. Hoppe will be responsible for overseeing Red Robin's Culinary, R&D, Quality Assurance and Food & Beverage functions. Hoppe brings to Red Robin more than 20 years of experience in marketing, strategic planning, product innovation and brand positioning, with a career that includes leadership roles with some of the most well-known brands in the restaurant industry. Before joining Red Robin, Hoppe served as vice president of Marketing & Culinary for Lonestar Steakhouse where she led marketing strategy, field marketing, promotions development and execution for all brands, and spearheaded the rapid development and launch of the Firefly Kitchen & Bar. She previously served as senior director of Marketing for 7-Eleven, where she led a wide range of marketing and innovation initiatives including private label brand expansion, brand repositions and new product introductions.

Annita M. Menogan, Senior Vice President, Secretary and Chief Legal Officer, notified Red Robin Gourmet Burgers Inc. on March 26, 2013 that she will resign from her position with the company effective on or about June 3, 2013 to pursue personal and family interests. Ms. Menogan’s resignation is not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices.