Red Robin Gourmet Burgers, Inc. Announces Unaudited Preliminary Comparable Restaurant Revenue Results for the Fourth Quarter Ended December 27, 2020
January 11, 2021 at 07:00 am
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Red Robin Gourmet Burgers, Inc. announced unaudited preliminary comparable restaurant revenue results for the fourth quarter ended December 27, 2020. For the quarter, the company reported net comparable restaurant revenue decreased 28.9%, primarily resulting from company's operational shift in response to COVID-19, including limited occupant capacity, operating an off-premise only model at restaurants with closed dining rooms, and closed restaurants; Off-premise sales increased 132% and comprised 43.9% of total food and beverage sales; and Restaurants with Donatos® outperformed restaurants that do not currently offer Donatos® by over 500 basis points in net comparable restaurant revenue.
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurants in North America. The Company's menu features its signature product, a line of Gourmet Burgers with layers of fresh ingredients and fresh ground beef. It also offers burgers made with other proteins including chicken breasts (grilled or fried), turkey patties, as well as a proprietary vegetarian patty and the Impossible plant-based burger patty. The Company offer a selection of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. It serves an array of other mainstream items, such as Donatos pizza, wings, salads, other entrees, and desserts. The Companyâs beverage categories include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers.
RED ROBIN GOURMET BURGERS, INC. 
