Red Robin Gourmet BurgersNASDAQ: RRGB

Red Robin's (RRGB) revamped Red Robin Royalty Program and marketing initiatives are likely to drive traffic and sales. However, high costs are a concern.

According to a LendingTree survey, 78% of consumers believe dining out is a luxury. Red Robin Gourmet Burgers (RRGB), a casual dining chain, reported earnings and acknowledged that inflation's impact on consumers has affected the company's margins.

Gerard Hart, CEO, President and Director, of Red Robin Gourmet Burgers, joins Paul Sweeney and Alix Steel on how recent investments in food quality, menu innovation, and labor are delivering results for the business.

Red Robin's (RRGB) first-quarter fiscal 2024 results are hurt by dismal guest traffic.

While the top- and bottom-line numbers for Red Robin (RRGB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Red Robin (RRGB) came out with a quarterly loss of $0.80 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to earnings of $0.25 per share a year ago.

Delivered positive comparable restaurant revenue in the first five weeks of the second quarter Launched new loyalty program on May 22nd Repaid approximately $21.2 million of debt ENGLEWOOD, Colo. , May 29, 2024 /PRNewswire/ -- Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 21, 2024.

Red Robin's (RRGB) first-quarter fiscal 2024 results are likely to reflect dismal same-store sales performance.

Get a deeper insight into the potential performance of Red Robin (RRGB) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.