Red Robin: Q1 Earnings Snapshot
By Ap News
Published - May 29, 2024, 04:15 PM ET
Last Updated - May 29, 2024, 04:15 PM EDT
ENGLEWOOD, Colo. (AP) — ENGLEWOOD, Colo. (AP) — Red Robin Gourmet Burgers Inc. (RRGB) on Wednesday reported a loss of $9.5 million in its first quarter.
The Englewood, Colorado-based company said it had a loss of 61 cents per share. Losses, adjusted for one-time gains and costs, were 80 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The casual restaurant chain posted revenue of $388.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $397.1 million.
