Beyond analysts' top -and-bottom-line estimates for Red Robin (RRGB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Red Robin (RRGB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Red Robin CEO said the company saw an improvement in traffic over the past fiscal year.
Red Robin is eyeing more restaurant closures as it tries to turn around its business. Like its rivals, the fast casual chain has been suffering from slowing traffic.
Red Robin Gourmet Burgers is looking to close up to 70 underperforming locations, representing about 14% of the 498 restaurants that were operating as of the end of last year.
RRGB's fourth-quarter 2024 results gain from improved traffic trends and cost-saving initiatives.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB ) Q4 2024 Earnings Conference Call February 26, 2024 4:30 PM ET Company Participants G.J. Hart - President and CEO Todd Wilson - CFO Conference Call Participants Alex Slagle - Jefferies Jeremy Hamblin - Craig-Hallum Andrew Wolf - C.L.
While the top- and bottom-line numbers for Red Robin (RRGB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Red Robin (RRGB) came out with a quarterly loss of $0.94 per share versus the Zacks Consensus Estimate of a loss of $0.54. This compares to loss of $0.66 per share a year ago.
Red Robin (RRGB) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Red Robin (RRGB) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
RRGB has reported preliminary results for the fourth quarter of fiscal 2024. Comparable restaurant revenues are expected to rise 3.4%.