Red Robin Gourmet Burgers (RRGB): Q1 EPS of $0.71 beats by $0.05. Revenue of $300M (+4.4% Y/Y) misses by $6M. Shares -7.7% AH
More on Red Robin Gourmet Burgers (RRGB): Q1 comes in mixed, beating on a per share basis but coming up short on revenue estimates. Total revenues were lackluster due to declining guest counts, but it bottom line results were helped by a boost in the average guest check, better operating profit margins and tighter expense management. Shares are volatile after hours, dropping nearly 8% immediately following the earnings report, but have since recovered and are currently trading 1.7% higher.
More on Red Robin Gourmet Burgers (RRGB): Q1 comes in mixed, beating on a per share basis but coming up short on revenue estimates. Total revenues were lackluster due to declining guest counts, but it bottom line results were helped by a boost in the average guest check, better operating profit margins and tighter expense management. Shares are volatile after hours, dropping nearly 8% immediately following the earnings report, but have since recovered and are currently trading 1.7% higher.
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