Murphy III, Red Robin’s President and Chief Executive Officer, said, "We are very excited to share the progress we have made towards recovery. While these restaurants are able to operate with no restrictions, several are still operating below 100% capacity due to limited operating hours due to staffing challenges and COVID exclusions.
These restaurants also realized comparable (1) restaurant margin of 21.1%, an increase of 1.5% over the same period in 2019. Restaurant revenue of $318.7 million and Restaurant Level Operating Profit (a non-GAAP metric) of 15.7%, an increase of 690 basis points over the same period in 2020 įirst quarter 2021 comparable (1) restaurant revenue increased 10.0% over the same period in 2020, and decreased 12.8% compared to the same period in 2019 Īt the end of the first quarter 2021, 55% of Company-owned restaurants had positive comparable (1) restaurant revenue compared to 2019 įirst quarter 2021 off-premises sales increased 75.5% compared to the period ended April 19, 2020, and comprised 41.7%, 26.3%, and 11.6% of total food and beverage sales for the first fiscal quarter of 2021, 2020, and 2019 and,įor the last four weeks of the fiscal first quarter of 2021, 85 comparable (1) Company-owned restaurants with no capacity or social distancing restrictions realized comparable restaurant revenue of 5.2% over the same period in 2019, while maintaining off-premises mix of 29.9%, more than double pre-pandemic levels. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the quarter ended April 18, 2021.Īs of the end of our fiscal fifth period, all Company-owned restaurants have re-opened indoor dining rooms with varying levels of capacity GREENWOOD VILLAGE, Colo.-( BUSINESS WIRE)-Red Robin Gourmet Burgers, Inc.