Overview

* Red Robin ( RRGB ) fiscal Q2 revenue falls to $283.7 mln but beats estimates

* Adjusted EPS for fiscal Q2 beats expectations, reaching $0.26, per LSEG data

* Adjusted EBITDA rises 64% yr/yr, surpassing analyst estimates, per LSEG data

Outlook

* Red Robin ( RRGB ) expects fiscal 2025 revenue to be approximately $1.2 bln

* Company anticipates comparable restaurant sales to decline 3% to 4% in fiscal 2025

* Red Robin ( RRGB ) maintains adjusted EBITDA guidance of $60 to $65 mln for fiscal 2025

Result Drivers

* FIRST CHOICE PLAN - Execution of strategic elements of the First Choice plan showing encouraging results, per CEO Dave Pace

* BIG YUMMM BURGER DEAL - Meaningful improvement in traffic attributed to the launch of the Big YUMMM Burger Deal

* OPERATING PROFIT MARGIN - Significant increase in restaurant-level operating profit margin due to exceptional operator performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $283.70 $281.70

Revenue mln mln (5

Analysts

)

Q2 Beat $0.26 -$0.15

Adjusted (4

EPS Analysts

)

Q2 EPS $0.21

Q2 Net $4 mln

Income

Q2 Beat $22.40 $17.40

Adjusted mln mln (4

EBITDA Analysts

)

Q2 $9.80

Income mln

From

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 44% above its August 12 closing price of $6.16

Press Release:

(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.)