Red Robin Gourmet Burgers Q2 Adj EPS $(0.24) Beats $(0.54) Estimate, Sales $298.60M Beat $295.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Robin Gourmet Burgers (NASDAQ:RRGB) reported Q2 adjusted losses of $(0.24) per share, beating the analyst consensus estimate of $(0.54) by 55.56%. The company also reported quarterly sales of $298.60 million, surpassing the analyst consensus estimate of $295.26 million by 1.13%. Both figures represent an increase from the same period last year.
August 17, 2023 | 8:03 pm
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POSITIVE IMPACT
Red Robin Gourmet Burgers reported better than expected Q2 results, which could positively impact its stock price.
Red Robin Gourmet Burgers reported Q2 results that beat analyst estimates. This is generally seen as positive news and could lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100