Red Robin Gourmet Burgers Q2 2024 Adj EPS $(0.47) Misses $(0.40) Estimate, Sales $300.15M Beat $295.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Robin Gourmet Burgers reported a Q2 2024 adjusted EPS of $(0.47), missing the $(0.40) estimate, but sales of $300.15M beat the $295.25M estimate. Sales increased by 0.50% compared to the same period last year.
August 22, 2024 | 8:10 pm
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NEUTRAL IMPACT
Red Robin Gourmet Burgers reported a Q2 2024 adjusted EPS of $(0.47), missing the $(0.40) estimate by 17.5%. However, sales of $300.15M exceeded expectations, showing a 0.50% increase from last year.
The EPS miss indicates potential profitability issues, which could negatively impact investor sentiment. However, the sales beat and year-over-year growth may offset some concerns, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100