Red Robin Gourmet Burgers Q1 Adj EPS $(0.80) Misses $(0.62) Estimate, Sales $388.54M Miss $392.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Robin Gourmet Burgers (NASDAQ:RRGB) reported a Q1 adjusted EPS of $(0.80), missing the $(0.62) estimate by 29.03%. Sales were $388.54M, missing the $392.73M estimate by 1.07%. This represents a 420% decrease in EPS and a 7.01% decrease in sales compared to the same period last year.
May 29, 2024 | 8:26 pm
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NEGATIVE IMPACT
Red Robin Gourmet Burgers reported a significant miss on both EPS and sales estimates for Q1. The EPS of $(0.80) was 29.03% below the consensus estimate, and sales of $388.54M were 1.07% below expectations. This poor performance is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales, combined with a substantial year-over-year decline in both metrics, indicates poor financial performance. This is likely to result in a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100