Red Robin ‘disappointed’ in Q4 sales

red robin exterior

Red Robin's comps declined 2 percent during the fourth quarter ended Dec. 27, the casual-dining chain announced Tuesday in a preliminary release of financial results.

“While we are disappointed with our sales this quarter, we understand the issues and are well on our way to addressing them,” CEO Steve Carley said in a statement.

Despite the Q4 decline, comp sales grew 2.1 percent year over year during 2015, Carley noted.

Red Robin moved forward with a number of brand revamp efforts last year, which included moving away from a bar-centric atmosphere to one more embracing of all dining segments, in particular families with kids.

The chain expects to report a net income between $11.1 million and $11.7 million for Q4. 


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