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Red Robin profit misses consensus by 18.9% in fiscal Q4

Red Robin Gourmet Burgers Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 27, 2015, was 67 cents per share, compared with the S&P Capital IQ consensus estimate of 82 cents per share.

EPS increased year over year from 65 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.3 million, compared with $9.3 million in the year-earlier period.

The normalized profit margin fell to 3.2% from 3.3% in the year-earlier period.

Total revenue climbed year over year to $286.3 million from $282.1 million, and total operating expenses grew year over year to $270.7 million from $266.5 million.

Reported net income grew from the prior-year period to $11.7 million, or 84 cents per share, from $3.9 million, or 27 cents per share.

For the year, the company's normalized net income totaled $2.81 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.27.

EPS rose 23.6% from $2.27 in the prior year.

Normalized net income was $39.9 million, a rise of 21.6% from $32.8 million in the prior year.

Full-year total revenue grew 9.7% from the prior-year period to $1.26 billion from $1.15 billion, and total operating expenses rose 9.1% on an annual basis to $1.19 billion from $1.09 billion.

The company said reported net income grew 46.9% on an annual basis to $47.8 million, or $3.36 per share, in the full year, from $32.5 million, or $2.25 per share.