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RRGB / Red Robin rallies on more optimistic sales forecast, as first-quarter results beat

Red Robin rallies on more optimistic sales forecast, as first-quarter results beat
Shares of Red Robin Gourmet Burgers Inc. RRGB, +3.51% were up 5.5% after hours on Wednesday after the restaurant chain offered a more upbeat full-year sales forecast and reported a surprise per-share profit for its first quarter and revenue that came in above expectations. Red Robin said it expected same-store sales gains of between 2% and 4% this year, and total revenue of “at least” $1.3 billion, which was slightly more bullish than a prior forecast for “approximately” $1.3 billion. Read More
Posted: May 24 2023, 17:23
Author Name: Market Watch
Views: 1108100

RRGB News  

Red Robin Gourmet Burgers, Inc. (RRGB) Q3 2023 Earnings Call Transcript

By Seeking Alpha
November 1, 2023

Red Robin Gourmet Burgers, Inc. (RRGB) Q3 2023 Earnings Call Transcript

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB ) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants G.J. Hart – Preside more_horizontal

Red Robin (RRGB) Registers a Bigger Fall Than the Market: Important Facts to Note

By Zacks Investment Research
October 13, 2023

Red Robin (RRGB) Registers a Bigger Fall Than the Market: Important Facts to Note

In the latest trading session, Red Robin (RRGB) closed at $7.05, marking a -1.19% move from the previous day. more_horizontal

Here's Why You Should Retain Red Robin (RRGB) Stock for Now

By Zacks Investment Research
October 12, 2023

Here's Why You Should Retain Red Robin (RRGB) Stock for Now

Red Robin's (RRGB) emphasis on cooking technique upgrades and LTO offerings bode well. However, inflationary pressures are a concern. more_horizontal

Down -22.84% in 4 Weeks, Here's Why Red Robin (RRGB) Looks Ripe for a Turnaround

By Zacks Investment Research
October 2, 2023

Down -22.84% in 4 Weeks, Here's Why Red Robin (RRGB) Looks Ripe for a Turnaround

Red Robin (RRGB) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with stron more_horizontal

Is Red Robin Gourmet Burgers (RRGB) Outperforming Other Retail-Wholesale Stocks This Year?

By Zacks Investment Research
September 25, 2023

Is Red Robin Gourmet Burgers (RRGB) Outperforming Other Retail-Wholesale Stocks This Year?

Here is how Red Robin (RRGB) and Carrols Restaurant Group (TAST) have performed compared to their sector so far this year. more_horizontal

Red Robin (RRGB) Gains 36% in a Year: More Room to Run?

By Zacks Investment Research
September 14, 2023

Red Robin (RRGB) Gains 36% in a Year: More Room to Run?

Red Robin (RRGB) emphasizes on menu innovation and a loyalty program to drive growth and profitability. more_horizontal

Red Robin (RRGB) Loses -27.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

By Zacks Investment Research
August 23, 2023

Red Robin (RRGB) Loses -27.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Red Robin (RRGB) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with stron more_horizontal

Red Robin: Another Beat And A Raise

By Seeking Alpha
August 22, 2023

Red Robin: Another Beat And A Raise

Red Robin beat earnings expectations and raised guidance, contradicting the short thesis that they would miss and lower guidance. The increase in labo more_horizontal


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