Red Robin Gourmet Burgers Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Red Robin Gourmet Burgers (NASDAQ:RRGB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$300.2m (flat on 2Q 2023).
• Net loss: US$9.49m (down by 342% from US$3.92m profit in 2Q 2023).
• US$0.60 loss per share (down from US$0.24 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Red Robin Gourmet Burgers Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 42%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Red Robin Gourmet Burgers, and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.