Red Robin Gourmet Burgers Q4 2023 Adj EPS $(0.66) Misses $(0.46) Estimate, Sales $309.02M Beat $304.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Robin Gourmet Burgers (RRGB) reported Q4 2023 adjusted EPS of $(0.66), missing the $(0.46) estimate, but sales of $309.02M exceeded the $304.97M forecast. This represents a 52.17% decrease in losses and a 6.53% increase in sales compared to the same period last year.
February 28, 2024 | 9:58 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Red Robin Gourmet Burgers reported a larger than expected loss per share but exceeded sales estimates in Q4 2023.
While RRGB missed EPS estimates, indicating potential operational or cost management issues, the beat on sales forecasts suggests strong demand or effective sales strategies. The mixed results could lead to neutral short-term stock price movement as investors weigh the negative earnings miss against positive sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100