Red Robin Earnings: What To Look For From RRGB

Core Insights - Red Robin is set to report its earnings, with analysts expecting a revenue decline of 6.5% year on year to $256.7 million, following a previous quarter where it beat revenue expectations by 1.6% with $283.7 million in revenue, down 5.5% year on year [1][2]. Revenue Performance - Last quarter, Red Robin reported revenues of $283.7 million, which was a 5.5% decrease compared to the previous year, but it exceeded analysts' expectations [1]. - Analysts have maintained their revenue estimates for Red Robin, indicating confidence in the company's performance heading into earnings [3]. Earnings Expectations - The adjusted loss for the upcoming quarter is anticipated to be -$0.78 per share, reflecting a further deceleration from the previous year's 1.1% revenue decrease [2]. Industry Context - In comparison to peers in the sit-down dining segment, Bloomin' Brands reported a 10.6% revenue decline but beat expectations, while First Watch saw a 25.6% revenue increase, outperforming estimates [4]. - The average share price for sit-down dining stocks has decreased by 1.2% over the last month, with Red Robin's shares down 24.8% during the same period, currently trading at $4.75 against an average analyst price target of $11 [5].