Red Robin Gourmet Burgers Q1 results beat expectations

Red Robin Gourmet Burgers

19/05/2026 21:19

Overview

U.S. casual dining chain's fiscal Q1 revenue, adjusted EPS, and adjusted EBITDA beat analyst expectations

Comparable restaurant revenue declined 0.6% yr/yr as guest traffic fell 1.6%

Company cites new menu, marketing, and operational efficiencies for improved profitability

Outlook

Red Robin expects comparable restaurant revenue growth of 0.5% to 1.5% for fiscal 2026

Company projects restaurant level operating profit margin of approximately 13.0% for fiscal 2026

Red Robin forecasts adjusted EBITDA of $70 mln to $73 mln for fiscal 2026

Result Drivers

OPERATING PROFIT MARGIN- Improvement from the first quarter of 2025, primarily driven by higher average guest check and the benefits of efficiency initiatives offsetting the impact of inflation and lower guest traffic

MARKETING INVESTMENTS - Targeted marketing increased awareness of value platform and personalized outreach to guests, per CEO Dave Pace

COMPARABLE RESTAURANT REVENUE - Decreased 0.6%. This included a decrease in guest traffic and an increase in average guest check

Company press release: ID:nPn9nGmn7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$378.30 mln
$362.09 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.13
-$0.03 (3 Analysts)
Q1 EPS
-$0.12
Q1 Net Income
-$2.20 mln
Q1 Adjusted EBITDA
Beat
$27.30 mln
$22.81 mln (3 Analysts)
Q1 Income From Operations
$5.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "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 193.3% above its May 18 closing price of $3.75

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)