Red Robin Q2 Earnings Lag Estimates, Revenues Beat Inc., Inc., Benzinga, Starbucks Corporation, Chipotle Mexican Grill, McDonald's Corporation, Zacks Consensus Estimate, Red Robin Gourmet Burgers by https://www.benzinga.com/
AI Insights:
Simple Explanation:
imagine that a company, let's say Red Robin which is a restaurant, has a quarter like a game where they have to do really good in sales and make people happy. But this time, they didn't do as well as they did before and people were not super happy. So, they lost some money and their game score went down. Now, they have to think about how they can do better in the next game and make more people happy. That's why they lowered their expectations and are thinking about how to make their customers happy again. Read from source...
Critical Perspective:
"Insider TradesTrade Idea FeedAnalyst RatingsUnusual Options ActivityHeatmapsFree NewsletterGovernment TradesShort InterestMost ShortedLargest IncreaseLargest DecreaseCalculatorsMargin CalculatorForex Profit Calculator100x Options Profit CalculatorRecentMarketsRed Robin Q2 Earnings Lag Estimates, Revenues Beatby Zacks, Benzinga Contributor August 23, 2024 4:01 PM | 4 min read | Make a Comment
Sentiment Analysis:
Bearish.
The article discusses Red Robin's Q2 fiscal year 2024 results where earnings missed the Zacks Consensus Estimate, while revenues beat the same. As a result, shares declined 14% during after-hours trading on August 22. The company lowered its 2024 guidance due to the broader industry slowdown. In the fiscal second quarter, the company reported an adjusted loss per share of 48 cents, wider than the Zacks Consensus Estimate of a loss of 41 cents. Quarterly revenues of $300.2 million beat the consensus mark of $296 million. The company expects total revenues to be approximately $1.25 billion compared with the previous expectation of $1.25-$1.275 billion.
Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.
All information provided by Benzinga is for educational and informational purposes only and should not be construed as investment advice. Benzinga, its employees, and affiliates may hold positions in the companies or industries discussed. Please seek independent advice from a licensed financial advisor before making any investment decisions.
### JAMES:
Red Robin Gourmet Burgers, Inc. (RRGB) reported mixed fiscal Q2 2024 results. RRGB beat consensus estimates on revenue, but missed on earnings. The company posted an adjusted loss per share of 48 cents, wider than the Zacks Consensus Estimate of a loss of 41 cents. RRGB recorded an adjusted loss per share of 24 cents in the prior-year quarter. The top line increased year over year, while the bottom line fell from the prior-year quarter's levels. Following the release, RRGB shares declined 14% during the after-hours trading session on Aug 22. The company lowered its 2024 guidance due to a broader industry slowdown.
### LAURA:
Red Robin Gourmet Burgers, Inc. (RRGB) reported mixed fiscal Q2 2024 results. RRGB beat consensus estimates on revenue, but missed on earnings. The company posted an adjusted loss per share of 48 cents, wider than the Zacks Consensus Estimate of a loss of 41 cents. RRGB recorded an adjusted loss per share of 24 cents in the prior-year quarter. The top line increased year over year, while the bottom line fell from the prior-year quarter's levels. Following the release, RRGB shares declined 14% during the after-hours trading session on Aug 22. The company lowered its 2024 guidance due to a broader industry slowdown.
### ALEX:
Red Robin Gourmet Burgers, Inc. (RRGB) recently reported its fiscal Q2 2024 results, showing a mixed performance. RRGB beat consensus estimates on revenue, reporting $300.2 million in the quarter, which beat the consensus mark of $296 million. However, the company missed on earnings, posting an adjusted loss per share of 48 cents, wider than the Zacks Consensus Estimate of a loss of 41 cents. The company also adjusted its 2024 guidance due to a broader industry slowdown.