Red Robin Fails to Lure Diners – Analyst Blog
Zacks Market Commentaries (November 6th, 2009) Writes:
Total revenue tumbled 10.4% year-over-year to $187 million, as cash-strapped consumers are either trading down to quick-service restaurants or preferring to eat at home, leading to fall in traffic and same-store sales.
Same-store sales fell 14.9% for company-operated restaurants, driven by a 13.8% decline in guest counts and a 1.1% fall in the average guest check. Management expects guest count to decline in fiscal year 2009. Same-store sales for franchised restaurants in the U.S. dropped 14.4% and franchised restaurants in Canada fell 0.2%.
Other operators in the casual dining segment are Darden Restaurants Inc. (DRI), Brinker International Inc. (EAT) and Cosi Inc. (COSI).
Red Robin's
...Brinker International Inc., Canada, cent;, Cosi Inc., Darden Restaurants Inc.;, Investing Lessons, Stocks to Watch, United States, USD, Zacks Market Commentaries


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