Materiality pending
Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- Red Robin Gourmet Burgers, Inc. will report first-quarter fiscal 2024 results on May 29. - Estimated loss of 41 cents per share, down from earnings of 25 cents in prior-year quarter. - Sales expected to decline due to bad weather and tough comparisons from previous year. - Heavy investments in sales-building initiatives might lead to increased expenses. - Model predicts restaurant revenues to decrease 4.7% and profit margin to drop to 12.4%. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings
- Red Robin Gourmet Burgers, Inc. will report first-quarter fiscal 2024 results on May 29.
- Estimated loss of 41 cents per share, down from earnings of 25 cents in prior-year quarter.
- Sales expected to decline due to bad weather and tough comparisons from previous year.
- Heavy investments in sales-building initiatives might lead to increased expenses.
- Model predicts restaurant revenues to decrease 4.7% and profit margin to drop to 12.4%.
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