Red Robin Gourmet Burgers rises on upbeat revenue forecast

Red Robin Gourmet Burgers

01/03/2023 18:41

March 1 (Reuters) -    ** Shares of U.S.-based casual
dining restaurant chain Red Robin Gourmet Burgers  RRGB.O  up
28.1% at $10.9 
    ** Co reports total revenue of $290.1 mln, beating average
analyst estimates of $289.01 mln - Refintiv IBES
    ** RRGB posts 2.5% increase in qtrly comparable restaurant
revenue 
    ** Co sees total revenue of about $1.3 bln for FY23 vs
average estimate of $1.31 bln 
    ** However, co posts a loss of $1.35/shr vs loss of
$1.03/shr, a year ago
    ** RRGB shares down 66.24% last year

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))