NASDAQ$RRGB

Red Robin Gourmet Burgers Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported financial results with robust sequential sales improvement and better-than-expected cash flow performance.

Red Robin reported a decrease in total revenues by 31.9% to $200.5 million, and a net loss of $6.2 million compared to a net loss of $1.8 million in the same quarter of the previous year. However, the third quarter was an inflection point for the brand with robust sequential sales improvement throughout the quarter, closing the traffic gap to casual dining peers.

  • Total revenues decreased 31.9% to $200.5 million due to COVID-19 impacts.
  • Comparable restaurant revenue decreased 25.1% with sequential improvement through the quarter.
  • Off-premise sales increased 127.2% and comprised 40.7% of total food and beverage sales.
  • Net loss was $6.2 million, and adjusted loss per diluted share was $0.19.

Headline financials

Total Revenue

$200M

Previous: $294M-31.9%
EPS (adj)

-$0.19

Previous: -$0.24+20.8%
Free Cash Flow

-$6.18M

Previous: -$1.82M-239.3%
Net Income

-$6.18M

Previous: -$1.82M-239.3%
Operating Income

-$24.6M

Previous: -$5.22M-370.9%
Gross Profit

-$120M

Previous: -$174M+30.8%
Cash & Equivalents

$27.4M

Previous: $20.2M+35.4%
Total Assets

$1.03B

Previous: $1.25B-17.1%
Stock-Based Comp

$1.31M

Previous: $1.12M+16.6%

Revenue & EPS history

Red Robin · Revenue · Quarterly

$200M

Q3 2020-31.9%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Red Robin · $378M total across 2 segments · Q1 2026

  • Restaurant revenue
    $371M
  • Franchise and other revenue
    $7.16M

Forward guidance

Red Robin expects to generate between $12 million to $15 million of additional cash tax refunds within the next 12 months.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+2.3%

Avg return

Earnings day

+4.1%

Avg return

5 days after

+1.8%

Avg return

30 days after

59%

39 / 66 earnings

Positive

+62.3%

Q1 2025

Best reaction

-31.3%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+17.7%+18.4%+62.1%
Q4 2025+32.6%+22.3%-27.0%
Q3 2025-6.2%-10.9%-14.0%
Q2 2025+1.7%+11.0%+12.3%
Q1 2025+62.3%+107.7%+75.7%
Q4 2024+34.5%+7.1%-19.2%
Q3 2024-14.5%-17.3%-8.1%
Q2 2024-14.1%-23.4%-21.6%
Q1 2024+13.0%+21.3%+10.7%
Q4 2023-15.0%-15.9%-13.0%
Q3 2023+14.8%+15.5%+15.2%
Q2 2023-5.4%-9.1%-13.0%
Q1 2023+4.9%-2.4%-8.0%
Q4 2022+27.6%+35.6%+67.8%
Q3 2022-15.1%-12.0%+4.3%
Q2 2022-10.7%-9.6%-18.3%
Q1 2022+34.6%+23.0%+6.6%
Q4 2021+14.5%+28.6%+1.4%
Q3 2021-4.3%-6.6%-21.0%
Q2 2021-16.4%-10.3%-7.6%
Q1 2021+0.5%-0.9%-7.2%
Q4 2020+8.6%+21.2%+21.1%
Q3 2020+11.9%+43.3%+71.7%
Q2 2020-4.0%-2.7%+21.3%
Q1 2020-31.3%-24.4%-49.6%
Q4 2019-24.9%-21.8%-66.2%
Q3 2019-12.9%-17.0%-15.4%
Q2 2019+4.3%+2.3%+3.4%
Q1 2019-15.9%-12.8%+0.5%
Q4 2018-3.7%+2.3%-3.8%
Q3 2018+7.3%+6.4%+0.9%
Q2 2018+2.4%+2.6%+0.1%
Q1 2018-21.9%-20.9%-13.9%
Q4 2017+6.2%+1.6%+11.3%
Q3 2017-28.8%-29.9%-24.4%
Q2 2017+3.1%+6.6%+0.4%
Q1 2017+20.5%+23.1%+8.4%
Q4 2016+4.4%-1.7%+13.0%
Q3 2016+5.6%+7.5%+13.6%
Q2 2016+6.1%+7.4%+2.1%
Q1 2016-22.3%
Q4 2015+7.1%
Q3 2015-13.9%
Q2 2015-6.7%
Q1 2015+19.3%
Q4 2014+3.9%
Q3 2014+20.4%
Q2 2014-14.9%
Q1 2014+12.5%
Q4 2013-0.7%
Q3 2013+7.9%
Q2 2013+9.3%
Q1 2013+4.5%
Q4 2012+11.2%
Q3 2012+21.5%
Q2 2012+9.0%
Q1 2011-14.8%
Q1 2012-1.9%
Q4 2011-1.2%
Q4 2009-1.2%
Q3 2011+7.5%
Q3 2010+7.5%
Q2 2011+3.5%
Q2 2010+3.5%
Q4 2010+3.5%
Q1 2010-14.6%

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