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Red Robin Gourmet Burgers, Inc. · NASDAQ · Consumer Cyclical
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Red Robin considers closing 70 locations due to financial struggles. The chain posted a $32.4 million loss in Q4 2024. They expect to sell three properties for $5.8 million to reduce debt. Traffic improved by 600 basis points, but further growth is needed. The industry faces challenges from inflation and changing consumer habits.
View signal analysisRRGB's shares fell 13.5% to $4.09 in pre-market trading. Company reported disappointing Q2 earnings results. RRGB lowered its FY24 revenue guidance significantly.
View signal analysis- 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
View signal analysis- Red Robin predicted to post quarterly loss of $0.41/share, revenue decrease of 5%. - Consensus EPS estimate revised 37.6% down in past 30 days before earnings. - Analysts predict negative changes in revenues, restaurant numbers, and comparable revenue. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
View signal analysis- RRGB expected to report lower earnings and revenues for quarter ended March 2024. - Consensus EPS estimate revised 37.6% lower, Earnings ESP currently -13.71%. - Historical data shows RRGB beat consensus EPS estimates three out of last four quarters. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings
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