Analysts on Wall Street project that Red Robin (RRGB) will announce quarterly loss of $0.41 per share in its forthcoming report, representing a decline of 70.8% year over year. Revenues are projected to reach $295.57 million, declining 1% from the same quarter last year. The consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe ...

Red Robin Gourmet Burgers, Inc.'s (RRGB) loss is likely to widen year over year when the company reports second-quarter fiscal 2024 results. In the last reported quarter, the company delivered a negative earnings surprise of 95.1%. How are Estimates Placed? The Zacks Consensus Estimate is pegged at a loss of 41 cents per share. In the prior-year quarter, RRGB reported a loss per share of 24 cents. The consensus mark for revenues is pegged at $295.6 million, suggesting a drop of 1% year over year. Let's look ...

ENGLEWOOD, Colo., Aug. 12, 2024 /PRNewswire/ -- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it will release financial results for its fiscal second quarter 2024 on Thursday, August 22, 2024, after the market close, followed by a conference call to discuss these results at 4:30 p.m. ET. The conference call can be accessed live over ...

The market expects Red Robin (RRGB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the ...

I updated the reverse DCF model to show what markets are now pricing in for the stock. With the lower stock price, a more modest sales recovery is expected with some elevation in 2025 and 2026. The EBIT margin is expected to rise into 3.0%, down from the previous 4.0% estimate. The margin leverage still estimates very good improvements. The cash flow conversion should still be good with capital expenditures largely being put on halt. Red Robin's Bleak Q1 Financials Takeaway Red Robin Gourmet Burgers, Inc. ( ...

Red Robin reported first-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Earnings missed the consensus estimate for the second straight quarter. As of Apr 21, 2024, Red Robin had cash and cash equivalents of $30.6 million compared with $23.6 million as of Dec 31, 2023. Long-term debt, as of Apr 21, 2024, was $162 million compared with $182.6 million in the prior-year quarter. Inventories in the quarter were $27.1 million compared with $26.8 million in the previo ...

One of America's favorite foods just got bigger! Made with three juicy patties, three layers of golden American cheese, Red's relish, mayo, pickles, onion, lettuce and tomato, the Gold Medal Burger is made for champions! And while there may not be any French fries for the athletes in Paris this summer, this burger is served with a bottomless supply of crispy Steak Fries (or another Bottomless Item of your choice). Available at participating U.S. locations only. Not up for the Gold Medal Burger challenge? Fo ...

Red Robin Gourmet Burgers, Inc. (RRGB) is likely to benefit from its loyalty program and strategic initiatives. The emphasis on menu innovation and digital initiatives bodes well. Recently, the company launched the revamped Red Robin Royalty Program, marking a successful step in its strategy to revitalize the brand within the casual dining industry. RRGB is encouraged by the early progress and is confident that it has just begun tapping into its full potential. Red Robin's shares have gained 22.9% in the pa ...

Red Robin Gourmet Burgers, Inc. (RRGB) reported first-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Earnings missed the consensus estimate for the second straight quarter. Last week's launch of a new Red Robin loyalty program marked a successful step in the company's strategy to revitalize the brand within the casual dining industry. The company is encouraged by the early progress and is confident that it has just begun tapping into its full potential. Delving ...

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Q1 2024 Results Conference Call May 29, 2024 4:30 PM ET Company Participants G.J. Hart - President and Chief Executive Officer Todd Wilson - Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Capital Alex Slagle - Jefferies Andrew Wolf - CL King CJ Dipollino - Craig-Hallum Capital Group Todd Brooks - The Benchmark Company Operator Good afternoon, everyone and welcome to the Red Robin Gourmet Burgers Incorporated First Quarter 2024 Earn ...