Red Robin Gourmet Burgers, Inc. - Common Stock (RRGB)
6.3250
-0.0550 (-0.86%)
Red Robin Gourmet Burgers Inc is a full-service restaurant chain known for its gourmet burgers, rich dining experience, and extensive menu offerings that include salads, sandwiches, and signature bottomless fries
The company focuses on providing a casual dining atmosphere that appeals to families and individuals alike, featuring a vibrant decor and a welcoming environment. Red Robin emphasizes the quality of its ingredients, innovative burger selections, and unique flavor combinations, while also catering to various dietary preferences with options like vegetarian and gluten-free dishes. In addition to its dine-in services, the company has expanded its reach through takeout and delivery options, ensuring that customers can enjoy their beloved meals from the comfort of their homes.
Over the last six months, Red Robin’s shares have sunk to $5.93, producing a disappointing 9.3% loss - a stark contrast to the S&P 500’s 7.3% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q3, starting with Red Robin (NASDAQRRGB).
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Burger restaurant chain Red Robin (NASDAQRRGB) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 1.1% year on year to $274.6 million. The company expects the full year’s revenue to be around $1.25 billion, close to analysts’ estimates. Its non-GAAP loss of $1.13 per share was 18% below analysts’ consensus estimates.
RRGB stock results show that Red Robin Gourmet Burgers missed analyst estimates for earnings per share but beat on revenue for the second quarter of 2024.
