Red Robin (RRGB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - Red Robin reported revenue of $300.15 million for the quarter ended June 2024, reflecting a year-over-year increase of 0.5% [1] - The revenue exceeded the Zacks Consensus Estimate of $295.57 million by 1.55% [1] - The EPS for the quarter was -$0.48, compared to -$0.24 a year ago, indicating a decline [1] - The EPS surprise was -17.07% against the consensus estimate of -$0.41 [1] Key Metrics - Red Robin's stock has returned -10.8% over the past month, while the Zacks S&P 500 composite increased by 2.2% [3] - The company has a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market [3] - The total number of restaurants was reported as 503, slightly below the average estimate of 506 based on three analysts [6] - Comparable restaurant revenue showed a year-over-year change of 1.4%, compared to an average estimate of -1.5% [6] - Company-owned restaurants numbered 411, compared to the average estimate of 414 [5] - The total number of franchised restaurants was 92, slightly below the average estimate of 93 [4]