Overview

* Red Robin ( RRGB ) fiscal Q3 revenue decreases but beats analyst expectations

* Company's adjusted EBITDA for Q3 exceeds analysts' expectations

* Net loss improves to $18.4 mln from $18.9 mln last year

Outlook

* Company maintains fiscal 2025 revenue guidance of approximately $1.2 bln

* Red Robin ( RRGB ) anticipates 4th qtr comparable restaurant sales to decline ~3%

* Company raises fiscal 2025 adjusted EBITDA guidance to at least $65 mln

Result Drivers

* BIG YUMMM PROMOTION - Sequential traffic improvement driven by Big YUMMM promotion, per CEO Dave Pace

* LABOR EFFICIENCY - Year-over-year restaurant-level operating profit margin improved by 90 basis points due to labor efficiency improvements

* OPERATIONAL EFFICIENCIES - Improved topline and efficiencies led to adjusted EBITDA exceeding expectations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $260.91 $256.70

Revenue mln mln (4

Analysts

)

Q3 Beat -$0.70 -$0.76

Adjusted (4

EPS Analysts

)

Q3 EPS -$1.03

Q3 Net -$18.42

Income mln

Q3 Beat $7.60 $4.41

Adjusted mln mln (3

EBITDA Analysts

)

Q3 -$12.11

Income mln

From

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy"

* Wall Street's median 12-month price target for Red Robin Gourmet Burgers Inc ( RRGB ) is $11.00, about 57.4% above its November 7 closing price of $4.69

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)