NASDAQ$RRGB

Red Robin Gourmet Burgers Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Red Robin's financial performance improved compared to 2020, driven by increased restaurant revenue and comparable restaurant revenue.

Red Robin reported a net loss of $21.3 million for the fourth quarter of 2021, an improvement of $18.0 million compared to 2020. Restaurant revenue increased by 41.5% to $276.7 million, and comparable restaurant revenue increased by 40.1%. The company's adjusted EBITDA also improved by $15.3 million to $8.9 million.

  • Restaurant revenue increased 41.5% compared to 2020, reaching $276.7 million.
  • Comparable restaurant revenue increased 40.1% compared to 2020.
  • Net loss improved by $18.0 million compared to 2020, totaling $21.3 million.
  • Adjusted EBITDA improved by $15.3 million compared to 2020, reaching $8.9 million.

Headline financials

Total Revenue

$283M

Previous: $201M+41.0%
EPS (adj)

-$1.03

Previous: -$1.79+42.5%
Net Income

-$21.3M

Previous: -$39.3M+45.8%
Operating Income

-$17.7M

Previous: -$41.7M+57.7%
Gross Profit

$94.4M

Previous: $57.6M+63.9%
Cash & Equivalents

$22.8M

Previous: $16.1M+41.2%
Total Assets

$929M

Previous: $975M-4.7%
Stock-Based Comp

$2.12M

Previous: $1.25M+70.0%

Revenue & EPS history

Red Robin · Revenue · Quarterly

$283M

Q4 2021+41%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
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 provided guidance for full year 2022, assuming no significant disruptions from COVID-19 or geopolitical events. They expect mid-to-high single digit commodity and restaurant labor cost inflation, selling, general and administrative costs between $145 and $155 million, adjusted EBITDA between $80 and $90 million, and capital expenditures of $40 to $50 million.

Tailwinds

  • Continued investment in maintaining restaurants and systems.
  • Modest new restaurant growth.
  • Donatos® expansion to approximately 50 restaurants.
  • Improvements to operational technology solutions.
  • Off-premises execution enhancements.

Headwinds

  • Mid-to-high single digit commodity and restaurant labor cost inflation.
  • Margin pressures expected to persist during 2022.
  • Potential disruptions from COVID-19.
  • Impact of geopolitical events.
  • Other factors affecting the macroeconomic environment.

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 Q4 2021

Historical avgQ4 2021

+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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