Red Robin Gourmet Burgers Reiterates All Aspects Of FY24 Guidance, Sees Revenue Of $1.25B-$1.275B Vs $1.25B Est.
Portfolio Pulse from Benzinga Newsdesk
Red Robin Gourmet Burgers has reiterated its Fiscal Year 2024 guidance, projecting total revenue between $1.25 billion and $1.275 billion. The company also expects a restaurant-level operating profit of 12.5% to 13.5% and adjusted EBITDA of $60 million to $70 million.
May 29, 2024 | 8:28 pm
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Red Robin Gourmet Burgers has reiterated its Fiscal Year 2024 guidance, projecting total revenue between $1.25 billion and $1.275 billion. The company also expects a restaurant-level operating profit of 12.5% to 13.5% and adjusted EBITDA of $60 million to $70 million.
The reaffirmation of FY24 guidance with specific revenue and EBITDA projections provides a clear outlook for investors, likely boosting short-term confidence in the stock.
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