GREENWOOD VILLAGE, Colo. (AP) _ Red Robin Gourmet Burgers Inc. (RRGB) on Wednesday reported a first-quarter loss of $174.3 million, after reporting a profit in the same period a year earlier.
The Greenwood Village, Colorado-based company said it had a loss of $13.51 per share. Losses, adjusted for one-time gains and costs, came to $6.66 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.61 per share.
The casual restaurant chain posted revenue of $306.1 million in the period.
Red Robin shares have dropped 49% since the beginning of the year. The stock has fallen 36% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRGB at https://www.zacks.com/ap/RRGB
Automated Insights, source Associated Press News