Red Robin Gourmet Burgers Revises FY23 Comparable Restaurant Revenue Growth Outlook From 2.0%-4.0% To 1.0%-3.0%
Portfolio Pulse from Benzinga Newsdesk
Red Robin Gourmet Burgers has revised its FY23 comparable restaurant revenue growth outlook from 2.0%-4.0% to 1.0%-3.0%.
August 17, 2023 | 8:09 pm
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NEGATIVE IMPACT
Red Robin Gourmet Burgers has lowered its FY23 revenue growth forecast, which could negatively impact investor sentiment.
Red Robin Gourmet Burgers has revised its FY23 comparable restaurant revenue growth outlook downwards. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100