Red Robin Gourmet Burgers, Inc. · NASDAQ:RRGB
Red Robin Gourmet Burgers — Q3 2011 Earnings Presentation
15 slides from Red Robin Gourmet Burgers's earnings presentation, Nov 3, 2011
Slide 1: Fiscal Q311 Results & Outlook
Fiscal Q311 Results & Outlook November 3, 2011 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 This presentation includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as “improve,” “will,” “expects,” “continue” and other terms with similar meaning. These statements include but are not limited to
Slide 3: Q311 Headlines
Q311 Headlines Fifth consecutive quarter of positive same store sales growth Fourth consecutive quarter of higher earnings Continued improvement in restaurant level margins On track with Project RED initiatives 2011 NRO development on target - 12 NRO of 2011 opened Nov. 7 - First Red Robin’s Burger
Slide 4: Q311 Performance Highlights
Q311 Performance Highlights Q311 Q310 Change Restaurant revenue $202.7 million $191.6 million +5.8% Total company revenue $206.2 million $194.8 million +5.9% Company-owned comp sales +2.1% Price/mix: +5.3% Guest counts: -3.2% +0.9% Price/mix: -1.7% Guest counts: +2.6% Franchised comp sales U.S.: +2.
Slide 5: Adjusted Earnings Per Diluted Share
5 Adjusted Earnings Per Diluted Share 2011 YTD Adjusted EPS growth of 152%
Slide 6: Cash Flow From Operations
6 Cash Flow From Operations $ in 000s 2011 YTD Cash Flow from Operations has increased 42%
Slide 7: Adjusted Net Income
7 Adjusted Net Income 2011 YTD adjusted net income has increased 148% $ in 000s
Slide 8: Project RED
8 Project RED Revenue growth Expense management Deployment of capital
Slide 9: Revenue – Driving Guest Sales
9 Revenue – Driving Guest Sales Red Royalty™ LTOs -- quality products, efficient marketing spend Taking Back the Bar
Slide 10: Expense Management
10 Expense Management Goal: $16 million to $18 million in annualized savings by end of 2012 On track to capture 200+ bps of operating margin improvement by end of 2012 Labor costs decreased by 200 bps in Q3
Slide 11: Deployment of Capital
11 Deployment of Capital Drive NRO performance and ROIC Continue full-size unit development, test smaller prototype Overhaul data and technology infrastructure
Slide 12: Q311 Restaurant-Level P&L
Q311 Restaurant-Level P&L Line Item % of Rest. Sales Q3 ‘11 % of Rest. Sales Q3 ‘10 Favorable (Unfavorable) Food & Beverage 25.5% 24.4% (110 bps) Labor 33.6% 35.6% 200 bps Operating 14.4% 15.2% 80 bps Occupancy 7.6% 7.3% (30 bps) RLOP (non GAAP) 18.8% 17.5% +130 bps 12
Slide 13: RLOP Growth
13 RLOP Growth 2011 YTD improvement in restaurant margins of 180 bps
Slide 14: Outlook – Financials
Outlook – Financials Q4 2011 Expect low single-digit increase of comparable restaurant sales compared to prior year Pricing increase of 90 bps beginning October 17 RLOP margin in Q4 2011 expected to decrease 20 to 30 bps from 18.8% in Q3 2011 2012 Cost of Sales expected to increase 4 to 5% Open 12 t
Slide 15: Foundation for Growth
15 Foundation for Growth Laying the foundation for sustainable, meaningful long-term growth and increased shareholder value Continuing investments in infrastructure, marketing and initiatives to manage costs and productivity Team Member talent, passion and hard work is driving our success Increasing
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