Red Robin Sees FY 2024 $1.25B Vs $1.253B Est.; Adj. EBITDA $40M - $45M; CapEx $25M - $30M
Portfolio Pulse from Benzinga Newsdesk
Red Robin projects its fiscal year 2024 revenue to be $1.25 billion, slightly below the estimated $1.253 billion. The company expects adjusted EBITDA to range between $40 million and $45 million, with capital expenditures between $25 million and $30 million.
August 22, 2024 | 8:13 pm
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Red Robin's FY 2024 revenue forecast of $1.25B is slightly below the $1.253B estimate. Adjusted EBITDA is expected to be between $40M and $45M, with CapEx projected at $25M-$30M.
The revenue forecast is slightly below expectations, which could lead to a negative short-term impact on the stock price. The adjusted EBITDA and CapEx projections provide additional context but do not offset the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100