RRGB's fiscal first-quarter results benefit from stronger ops, rising comps and progress in its multi-year turnaround plan.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB ) Q1 2025 Earnings Conference Call May 29, 2025 4:30 PM ET Company Participants Dave Pace - President and CEO G.J. Hart - Former CEO Todd Wilson - CFO Conference Call Participants Todd Brooks - The Benchmark Company Alex Slagle - Jefferies Mark Smith - Lake Street Capital Operator Good afternoon, everyone.
The headline numbers for Red Robin (RRGB) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Red Robin (RRGB) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of a loss of $0.57 per share. This compares to loss of $0.80 per share a year ago.
RRGB is expected to report a loss in its first-quarter results amid weak traffic and rising costs, though menu upgrades and digital efforts may offer some support.
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.