Red Robin's (RRGB) second-quarter fiscal 2024 performance is likely to reflect dismal comparable restaurant revenues and guest traffic.
Red Robin (RRGB) possesses 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 reported weak Q1 financials, with sharply declining same-restaurant revenues leading to weakening profitability. The company had more positive remarks about Q2, with the first weeks showing slight growth. Improvements are crucial as the high debt poses a mid-term threat of Red Robin even going under.
Red Robin (RRGB) reported earnings 30 days ago. What's next for the stock?
Red Robin's (RRGB) revamped Red Robin Royalty Program and marketing initiatives are likely to drive traffic and sales. However, high costs are a concern.
Red Robin's (RRGB) first-quarter fiscal 2024 results are hurt by dismal guest traffic.
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 Earnings Call.
While the top- and bottom-line numbers for Red Robin (RRGB) give a sense of how the business performed in the quarter ended March 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 $0.80 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to earnings of $0.25 per share a year ago.
Red Robin's (RRGB) first-quarter fiscal 2024 results are likely to reflect dismal same-store sales performance.
Get a deeper insight into the potential performance of Red Robin (RRGB) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.