Overview
Red Robin fiscal Q2 revenue falls to $283.7 mln but beats estimates
Adjusted EPS for fiscal Q2 beats expectations, reaching $0.26, per LSEG data
Adjusted EBITDA rises 64% yr/yr, surpassing analyst estimates, per LSEG data
Outlook
Red Robin expects fiscal 2025 revenue to be approximately $1.2 bln
Company anticipates comparable restaurant sales to decline 3% to 4% in fiscal 2025
Red Robin maintains adjusted EBITDA guidance of $60 to $65 mln for fiscal 2025
Result Drivers
FIRST CHOICE PLAN - Execution of strategic elements of the First Choice plan showing encouraging results, per CEO Dave Pace
BIG YUMMM BURGER DEAL - Meaningful improvement in traffic attributed to the launch of the Big YUMMM Burger Deal
OPERATING PROFIT MARGIN - Significant increase in restaurant-level operating profit margin due to exceptional operator performance
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$283.70 mln
$281.70 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$0.26
-$0.15 (4 Analysts)
Q2 EPS
$0.21
Q2 Net Income
$4 mln
Q2 Adjusted EBITDA
Beat
$22.40 mln
$17.40 mln (4 Analysts)
Q2 Income From Operations
$9.80 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Red Robin Gourmet Burgers Inc is $11.00, about 44% above its August 12 closing price of $6.16
Press Release: ID:nPn32Czhja
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)