These are news releases that are related to our Investor efforts. System-wide restaurant revenue (which includes franchised restaurants) for the second quarter of 2020 totaled $200.4 million, compared to $366.4 million for the second quarter of 2019. Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the third quarter 2020 on Tuesday, October... As previously announced by the North Fork Rancheria of Mono Indians (the "Tribe"), Red Rock Resorts, Inc. ("Red Rock Resorts" or "we") is pleased to confirm that the August 31 decision of the... Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the second quarter ended June 30, 2020. Building upon what has already been accomplished in 2019, a year of foundational change, we intend to deliver consistent, quality execution of our brand promise; reinforce emotional connections and core brand equities via our omni-channel messaging campaign; and accelerate profitable growth through menu rationalization, technological investments, and significant expansion of our off-premise platforms.”, Murphy concluded, “This year, we believe that we can achieve low single digit comparable restaurant revenue growth with incremental restaurant-level operating profit offset by pre-opening, marketing and project-related expenses associated with growth initiatives, resulting in restaurant-level margin expansion and flat to slightly positive Adjusted EBITDA compared to 2019. This plan includes executing our TGX hospitality model, implementing Donatos® Pizza in our restaurants, and improving our digital experience to drive increased Guest engagement and frequency.”. Red Rock Resorts 1505 S Pavilion Center Dr. Las Vegas, NV 89135. Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB). Releases are listed in chronological order and are archived by year. Restaurant closure and refranchising costs, Adjusted (loss) earnings per share - basic, Adjusted (loss) earnings per share - diluted, Reconciliation of Non-GAAP Restaurant-Level Operating Profit to Loss We attribute these results to our menu and promotional strategy of featuring innovative burgers and highlighting core brand equities, while offering a great guest experience at a compelling value. The Company has not provided a reconciliation of its adjusted EBITDA outlook to the most comparable GAAP measure of net income. The decrease in average Guest check resulted from a 5.7% decrease in menu mix, partially offset by a 2.2% increase in pricing and a 0.6% increase from lower discounting. During the latter half of our second fiscal quarter, however, we resumed charging and collecting partial royalty payments and advertising contributions from our franchisees. The effective tax rate for the twenty-eight weeks ended July 12, 2020 was 7.7%, compared to a 110.9% benefit for the same period in 2019. We are a leading gaming, development and management company operating 21 strategically-located casino and entertainment properties. In conjunction with this press release, the Company has posted a copy of its investor presentation to accompany tomorrow’s presentation and webcast on its website. (973) 588-2000, For investor relations questions contact: Red Rock Resorts Announces Third Quarter 2020 Conference Call and Earnings Release Date, California Supreme Court Decision Clears Major Hurdle For Development Of Casino By North Fork Rancheria Of Mono Indians, Red Rock Resorts Announces Second Quarter 2020 Results, Red Rock Resorts Announces Second Quarter 2020 Conference Call and Earnings Release Date, Red Rock Resorts, Inc. Red Robin will present at the 22nd Annual ICR Conference at the JW Marriott Orlando Grande Lakes on Tuesday, January 14, 2020 at 9:30 AM Eastern Time. Red Robin will host an investor conference call to discuss its second quarter 2020 results today at 5:00 pm. Red Rock Resorts Announces Third Quarter 2020 Conference Call and Earnings Release Date, California Supreme Court Decision Clears Major Hurdle For Development Of Casino By North Fork Rancheria Of Mono Indians, Red Rock Resorts Announces Second Quarter 2020 Results. The replay will be available through The increase in tax expense is primarily due to a decrease in current year tax credits and the recognition of a valuation allowance on the Company's tax credit deferred tax asset, partially offset by a decrease in income and a favorable rate impact of net operating loss carrybacks allowed as part of the Coronavirus Aid, Relief, and Economic Security ("CARES") Act, which could generate projected cash tax refunds in the range of $14 million to $17 million within the next 12 months. See Schedule I for a reconciliation of adjusted net income and adjusted earnings per share (each, a non-GAAP financial measure) to net income and earnings per share. There are more than 550 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements. Red Robin Gourmet Burgers, Inc. The conference call can be accessed live over the phone by dialing (201) 689-8560. Red Robin will host an investor conference call to discuss its second quarter 2020 results today at 5:00 pm. Providing net income guidance is potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items that are included in net income, including asset impairments and income tax valuation adjustments. The Company will present at the 22nd Annual ICR Investor Conference at the JW Marriott Orlando Grande Lakes tomorrow morning, January 14, 2020, at 9:30 AM Eastern Time and has posted a copy of its investor presentation to its Investor Relations website that will accompany the webcast of this presentation. Without limiting the generality of the foregoing, words such as "expect," "believe," "anticipate," "intend," "plan," "project," "could," "will," or "estimate," or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Red Robin Gourmet Burgers, Inc. (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 announced preliminary, unaudited revenue results for the fourth quarter ended December 29, 2019. Comparable restaurants are those Company-owned restaurants that have operated five full quarters as of the fiscal week presented. E-mail Us or Call 702.495.3550. A replay will be available from approximately two hours after the end of the call and can be accessed by dialing (412) 317-6671; the conference ID is 13707308. Whoops. a casual dining restaurant chain founded in 1969 that operates through As dining rooms have re-opened, the Company has continued to focus on the mutual health and safety of our Guests and Team Members. just something guests eat; they're a bonding experience that brings The replay will be available through Tuesday, August 18, 2020. (In thousands, except per share data, unaudited). The table below sets forth certain unaudited information for the twelve and twenty-eight weeks ended July 12, 2020 and July 14, 2019, expressed as a percentage of total revenues, except for the components of restaurant-level operating profit that are expressed as a percentage of restaurant revenue. restaurant chain focused on serving an innovative selection of Schedule II of this earnings release defines restaurant-level operating profit, discusses why it is a useful metric for investors, and reconciles this metric to income from operations and net income, the most directly comparable GAAP metrics. Red Robin… YUMMM®! The following table details restaurant unit data for Company-owned and franchised locations for the periods indicated: In addition to the permanent closures during the twelve and twenty-eight weeks ended July 12, 2020, 35 Company-owned restaurants remained temporarily closed due to the COVID-19 pandemic. The measure includes restaurant-level occupancy costs that include fixed rents, percentage rents, common area maintenance charges, real estate and personal property taxes, general liability insurance, and other property costs, but excludes depreciation related to restaurant equipment, buildings and leasehold improvements. We offer convenience and a wide variety of gaming and non-gaming entertainment options to attract guests to our properties. Paul J.B. Murphy III, Red Robin’s President and Chief Executive Officer, said, “We are pleased to have achieved comparable restaurant revenue growth during the fourth quarter of 2019, our second quarter of consecutive positive comparable restaurant revenue. Investors Our Profile. Connect with Red Robin on Facebook, Instagram and Twitter. Second Quarter 2020 Financial Summary Compared to Second Quarter 2019, Paul J.B. Murphy III, Red Robin's President and Chief Executive Officer, said, “We are accelerating the transformation of our business through exceptional hospitality and uncompromising health and safety standards, despite the challenges created by the recent surge in COVID-19 cases and localized, renewed mandates to re-close dining rooms. View source version on businesswire.com: https://www.businesswire.com/news/home/20200113005209/en/, For media relations questions contact: Hand-battered, golden-fried cod fillets with Bottomless Steak Fries® and Dill’d & Pickl’d Tarter Sauce. Whether a family dining with kids, adults grabbing a drink at the bar, or teens enjoying a meal, Red Robin offers an unparalleled experience for its Guests. high-quality burgers with Bottomless Steak Fries® in a fun environment (203) 682-8253, Red Robin Gourmet Burgers Reports Preliminary Revenue Results for the Fourth Quarter Ended December 29, 2019 Issues 2020 and Long-Term Outlook, https://www.businesswire.com/news/home/20200113005209/en/. Adjusted net loss (a non-GAAP financial measure) was $45.5 million for the second quarter of 2020 compared to adjusted net income of $13.4 million for the same period a year ago (see Schedule I). Select to choose or confirm … operating under franchise agreements. Red Robin Gourmet Burgers, Inc. (www.redrobin.com), a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name Red Robin Gourmet Burgers and Brews, is the Gourmet Burger Authority™, famous for serving more than two dozen craveable, high-quality burgers with Bottomless Steak Fries® in a fun environment welcoming to Guests of all ages.
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