Core Viewpoint - Red Robin Gourmet Burgers, Inc. reported a strong financial performance for the fiscal first quarter of 2025, showing increases in both sales and profits compared to the same period in 2024, while outlining strategic priorities for future growth [1][3]. Financial Performance - Total revenues for the first quarter of 2025 were $392.4 million, an increase of $3.8 million from $388.5 million in the same quarter of 2024 [4][7]. - Restaurant revenues rose to $385.8 million, up from $378.6 million year-over-year [4][7]. - Net income was $1.2 million, a significant improvement from a net loss of $9.5 million in the previous year, marking a $10.7 million increase [4][7]. - Adjusted EBITDA reached $27.9 million, reflecting a 108.2% increase from $13.4 million in the prior year [4][7]. Operational Highlights - Comparable restaurant revenue increased by 3.1%, with guest traffic declining by 3.5% and menu prices rising by 6.8% [16]. - Restaurant Level Operating Profit was $55.0 million, with a margin of 14.3%, compared to $41.5 million and 11.0% margin in the previous year [4][26]. Balance Sheet and Liquidity - As of April 20, 2025, the company had outstanding borrowings of $171.7 million, down by $17.8 million from the end of fiscal 2024 [5]. - Liquidity stood at approximately $59.2 million, including cash and cash equivalents [5]. Strategic Priorities - The company aims to focus on four key priorities: enhancing operational execution, driving sustainable traffic growth, strengthening financial position through debt reduction, and reinvesting in restaurant facilities [3]. Outlook for Fiscal 2025 - Updated guidance for total revenue is projected between $1.21 billion and $1.23 billion, with Adjusted EBITDA expected to remain in the range of $60 million to $65 million [9]. - The company anticipates a decline in comparable restaurant sales of approximately 3% in the second quarter of fiscal 2025 due to the non-recurrence of benefits from a loyalty program [9].

Core Viewpoint - Red Robin Gourmet Burgers, Inc. is expected to report a loss in its first-quarter fiscal 2025 results, with significant challenges from high expenses and a tough macroeconomic environment [1][2]. Q1 Estimates - The Zacks Consensus Estimate anticipates a loss of 57 cents per share, an improvement from an adjusted loss of 80 cents per share in the prior-year quarter [2]. - Revenue estimates are set at $387.4 million, reflecting a year-over-year decline of 0.3% [2]. Factors Impacting Performance - The company's performance is likely to be negatively impacted by high expenses related to sales-building initiatives, including advertising and technical upgrades [2]. - Increased costs from remodeling, restaurant maintenance, and staffing are also expected to contribute to the financial pressures [2]. - Dismal traffic remains a concern for the company [2]. Positive Initiatives - Red Robin's focus on loyalty programs and strategic initiatives aimed at driving growth may have positively influenced its performance [3]. - The company has made significant investments in food quality and hospitality, leading to improved guest satisfaction [4]. - The introduction of flat-top grills and menu upgrades for over 85% of its offerings have enhanced the gourmet burger experience [4]. Revenue Predictions - Restaurant revenues for Q1 fiscal 2025 are predicted to decrease by 1.7% year over year to $372.2 million, while same-store sales are expected to increase by 3.7% year over year [5]. Earnings Prediction Model - The Zacks model indicates that Red Robin is unlikely to achieve an earnings beat this quarter, with an Earnings ESP of -2.35% and a Zacks Rank of 3 [6].

Core Insights - Red Robin (RRGB) is projected to report a quarterly loss of $0.57 per share, reflecting a 28.8% increase in losses compared to the same period last year [1] - Revenue estimates for the quarter are forecasted at $387.4 million, indicating a slight decrease of 0.3% year over year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 3.6% in the last 30 days, indicating a reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [3] Revenue and Key Metrics - The consensus estimate for restaurant revenue is $376.61 million, showing a decline of 0.5% from the previous year [5] - Analysts expect the total number of restaurants to reach 497, down from 505 year-over-year [5] - The number of franchised restaurants is estimated to be 93, slightly up from 92 in the previous year [5] - The number of company-owned restaurants is projected to be 405, down from 413 in the same quarter last year [6] Stock Performance - Red Robin shares have increased by 15.7% over the past month, outperforming the Zacks S&P 500 composite, which rose by 8.2% [7] - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market [7]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Red Robin despite lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Red Robin is expected to report a quarterly loss of $0.57 per share, reflecting a year-over-year change of +28.8% [3]. - Revenues are projected to be $387.4 million, a decrease of 0.3% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 3.57% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Red Robin is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -2.35% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with a strong predictive power for positive readings [7][8]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically shown a positive surprise nearly 70% of the time [8]. Historical Performance - Red Robin has not been able to beat consensus EPS estimates in the last four quarters, with a significant surprise of -74.07% in the last reported quarter [12][13]. Conclusion - Red Robin does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [16].

Company Overview - Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain founded in 1969, operating under the trade name Red Robin Gourmet Burgers and Brews [4] - The company serves a variety of gourmet burgers, salads, appetizers, entrees, desserts, signature beverages, and Donatos® pizza at select locations [4] - Red Robin operates nearly 500 locations in the United States and Canada, including those under franchise agreements [4] Financial Results Announcement - The company will release its financial results for the fiscal first quarter of 2025 on May 29, 2025, after market close [1] - A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day [1] Conference Call Details - The conference call can be accessed live by dialing 201-689-8560 or through the Call Me™ feature [2] - A replay of the conference call will be available approximately two hours after its conclusion, accessible by dialing 412-317-6671 with the conference ID 13753452, available until June 5, 2025 [2] - The call will also be webcast live and archived on the company's Investor Relations website [3]

Mr. Pace has 35 years of leadership and turnaround experience in the food, beverage and retail industries. In addition to serving in multiple Board roles across our industry, he served as Co-CEO of Tastemaker Acquisition Corporation, a special purpose acquisition company focused on the restaurant, hospitality and related technology and service sectors, from 2020 to 2023. Mr. Pace previously served as CEO of Jamba Juice Inc., where he led the brand through a highly successful repositioning and tripled profit ...

Group 1: Promotions and Offers - Red Robin is launching the Bottomless Burger Pass, available for purchase starting April 17, 2025, for $20, allowing guests to enjoy one gourmet burger and a bottomless side each day in May 2025 [1][2] - The Bottomless Burger Pass has a daily limit of $22, totaling a potential value of up to $682 for the month [4] - Red Robin Royalty members can enter a sweepstakes to win free burgers for a year by purchasing a burger and beverage during May 2025 [3][5] Group 2: New Menu Items - Red Robin is introducing new seasonal menu items starting April 28, 2025, including the Backyard BBQ Pork Burger and Peach-Berry Freckled Lemonade [2][6] - The Backyard BBQ Pork Burger features hickory-smoked pulled pork and various toppings, while the Peach-Berry Freckled Lemonade combines lemonade with diced peaches and strawberries [6] Group 3: Company Overview - Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain founded in 1969, known for its variety of gourmet burgers and casual dining atmosphere [7] - The company operates nearly 500 locations in the U.S. and Canada, offering online ordering for to-go, delivery, and catering services [7]

Company Overview - Red Robin is planning to potentially close 70 underperforming locations as part of its operational turnaround strategy [2] - The company recorded a loss of $32.4 million in the fourth quarter of fiscal 2024, largely due to the review of underperforming restaurants [2] - Red Robin plans to sell three properties in the first quarter of fiscal 2025, expecting to generate $5.8 million to help repay its debt [2] Industry Trends - The restaurant industry is witnessing a trend of closures among fast-food eateries due to financial difficulties, with many chains struggling after accumulating debt during the pandemic [5] - Consumer spending at restaurants has not returned to pre-pandemic levels, leading to declining traffic in the quick-service sector [5] - Other companies, such as TGI Friday's and Denny's, have also filed for bankruptcy protection, while some have reduced their footprint to adapt to the current market conditions [6]

Core Viewpoint - Red Robin Gourmet Burgers, Inc. (RRGB) reported mixed results for the fourth quarter of fiscal 2024, with earnings falling short of estimates while revenues exceeded expectations, although both metrics declined year over year [1][10]. Financial Performance - The adjusted loss per share for the fourth quarter was 94 cents, which was wider than the Zacks Consensus Estimate of a loss of 54 cents, compared to a loss of 66 cents in the same quarter last year [5]. - Quarterly revenues reached $285.2 million, surpassing the consensus mark of $281 million, but represented a 7.7% decline year over year. Comparable restaurant revenues increased by 1.8% year over year [6]. Operational Insights - The restaurant-level operating profit margin was 11.5% in the fourth quarter, down from 12.2% in the prior year, and below the projected 15.4% [7]. - Restaurant labor costs were $109.1 million, down from $114.7 million in the prior year, but higher than the projected $104.5 million [7]. - Other operating costs were $48.2 million, compared to $50.8 million in the prior year, slightly above the estimate of $47.2 million [8]. - Adjusted EBITDA for the fourth quarter was $12.7 million, an increase from $10.6 million in the prior year, and above the estimate of $11.3 million [8]. Financial Position - As of December 29, 2024, RRGB had cash and cash equivalents of $30.7 million, up from $23.6 million a year earlier. Long-term debt was $181.6 million, slightly down from $182.6 million in the prior year [9]. Fiscal 2024 Overview - Total revenues for fiscal 2024 were $1.25 billion, down from $1.3 billion in fiscal 2023. Adjusted EBITDA for the year was $38.8 million, compared to $68.9 million in fiscal 2023. The adjusted loss per share for the year was $3.34, compared to a loss of $1.44 in the previous year [10]. Fiscal 2025 Guidance - The company projects total revenues for fiscal 2025 to be between $1.225 billion and $1.250 billion, with restaurant-level operating profit expected to range from 12% to 13%. Adjusted EBITDA is anticipated to be between $60 million and $65 million [11].

Core Insights - Red Robin Gourmet Burgers, Inc. introduces the Buzzer Beater Bacon Cheeseburger, a limited-time offering designed to attract college basketball fans during the tournament season [1][5] - The burger features three beef patties, four strips of hardwood-smoked bacon, and six slices of American cheese, served with a bottomless side [2][3] - The promotion runs from March 3 to April 7, with an additional $0 delivery offer available from April 5-7 for online orders [5] Product Details - The Buzzer Beater Bacon Cheeseburger is available in two variations: a "three-pointer" with three beef patties and a "two-pointer" with two beef patties [2][3] - Both burger options come with a choice of bottomless sides, including steak fries, sweet potato fries, and coleslaw [4] Company Strategy - The company aims to enhance the dining experience by offering "game-changing" gourmet burgers that are crafted on flattop grills to maximize flavor [5] - Red Robin encourages customer engagement through its Red Robin Royalty® program, which offers rewards and exclusive deals [5][6] Company Background - Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain founded in 1969, operating nearly 500 locations in the U.S. and Canada [6] - The company focuses on creating memorable dining experiences centered around burgers and a playful atmosphere [6]