Red Robin Gourmet Burgers (RRGB) Misses Q2 EPS by 2c, Comps Decline 2.6%

Red Robin Gourmet Burgers (NASDAQ: RRGB) reported Q2 EPS of $0.46, $0.02 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $315.4 million versus the consensus estimate of $316.85 million.

Comparable restaurant revenue decreased 2.6% (using constant currency rates);

GUIDANCE:

Red Robin Gourmet Burgers sees FY2018 EPS of $1.80-$2.20, versus the consensus of $1.99. Red Robin Gourmet Burgers sees FY2018 revenue of $1.35-1.365 billion, versus the consensus of $1.36 billion.

• Comparable restaurant revenue is projected to decrease 1.0% to 2.0% for full-year 2018. The Company expects comparable restaurant revenue to be in the lower end of this range in the third quarter of 2018

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

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