Picture of Red Robin Gourmet Burgers logo

RRGB — Red Robin Gourmet Burgers News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsAdventurousSmall CapSuper Stock

Brief: Red Robin Gourmet Burgers Q2 Adjusted EBITDA USD 22.4 Million Vs. IBES Estimate USD 17.4 Million

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$283.70 mln$281.70 mln (5 Analysts)
Q2 Adjusted EPSBeat$0.26-$0.15 (4 Analysts)
Q2 EPS$0.21
Q2 Net Income$4 mln
Q2 Adjusted EBITDABeat$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.)

Recent news on Red Robin Gourmet Burgers

See all news