Sam Boughedda 

Investing.com — Shares of Red Robin Gourmet Burgers Inc (NASDAQ) shares rose more than 27% on Friday, after Burgers Inc exceeded revenue and earnings expectations in the first quarter.

An adjusted loss per share was $0.12 less than what analysts expected from Investing.com. This was $395.55 Million higher than expected at $372.61million.

Comparable restaurant sales grew 19.7% over 2021.

Through our strategic, long-term investments we are achieving meaningful financial growth. We have now added Donatos pizza to almost half our Company restaurants, and in the first quarter we generated total pizza sales of more than $7 million and checks with pizza were higher on average by more than $10,” said Paul Murphy III, Red Robin’s President, and Chief Executive Officer.

His comments included that Red Robin Royalty’s 10.6 million members are now better connected through an improved loyalty platform. “We are communicating with them more effectively by improving our ability to tailor offers and deliver engaging campaigns.

Red Robin reiterated its full year guidance. It expects low-to-mid single-digit inflation in restaurant labor cost and adjusted EBITDA to be between $80 and $90 millions.