Red Robin Gourmet Burgers (RRGB) Misses Q1 EPS by 20c, provides guidance

Red Robin Gourmet Burgers (NASDAQ: RRGB) reported Q1 EPS of ($0.80), $0.20 worse than the analyst estimate of ($0.60). Revenue for the quarter came in at $388.5 million versus the consensus estimate of $392.73 million.

GUIDANCE:

Red Robin Gourmet Burgers sees FY2024 revenue of $1.25-1.275 billion, versus the consensus of $1.253 billion.
Restaurant level operating profit 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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