Red Robin Gourmet Burgers (RRGB) Misses Q4 EPS by 20c; offers guidance

Red Robin Gourmet Burgers (NASDAQ: RRGB) reported Q4 EPS of ($0.66), $0.20 worse than the analyst estimate of ($0.46). Revenue for the quarter came in at $309 million versus the consensus estimate of $304.97 million.

GUIDANCE:

Red Robin Gourmet Burgers sees FY2024 revenue of $1.25-1.275 billion, versus the consensus of $1.281 billion.

Restaurant level operating profit(1) of 12.5% to 13.5%, inclusive of investments in the Guest experience and rent expenses related to the sale leaseback transactions;
Adjusted EBITDA of $60 million to $70 million;
Capital expenditures of $25 million to $35 million.

For earnings history and earnings-related data on Red Robin Gourmet Burgers (RRGB) click here.

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