While we are lowering our [fiscal 2003 earnings estimates] on lower revenue, we continue to believe there are cost savings-driven opportunities beyond the company's $2.5 billion target.

There's some cost savings here that's going to drive earnings upstream.

While notable, this is still not enough to move the needle in a meaningful way as far as earnings -- and therefore stock performance -- is concerned.

isn't really baked into earnings estimates.

Fiscal 2005 represented a record year for Red Robin in terms of revenue, earnings, and new restaurant openings - all are milestones for which the entire team should be very proud. We continued to experience good guest traffic growth which is a testament to our appeal to America's families, our strong price to value relationship, as well as the outstanding experiences that Red Robin team members are creating for our guests.

Earnings estimates are a small part of the total analysis.