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Red Robin: Q1 Earnings Snapshot
May 25, 2021
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GREENWOOD VILLAGE, Colo. (AP) Red Robin Gourmet Burgers Inc. (RRGB) on Tuesday reported a loss of $8.7 million in its first quarter.
The Greenwood Village, Colorado-based company said it had a loss of 56 cents per share. Losses, adjusted for one-time gains and costs, were 30 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.24 per share.
The casual restaurant chain posted revenue of $326.3 million in the period.
Red Robin shares have increased 76% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.85, more than doubling in the last 12 months.