Red Robin Gourmet Burgers
The 10-second takeaway
For the quarter ended April 21 (Q1), Red Robin Gourmet Burgers met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. GAAP earnings per share dropped.
Gross margins grew, operating margins dropped, net margins dropped.
Red Robin Gourmet Burgers booked revenue of $306.3 million. The 13 analysts polled by S&P Capital IQ foresaw revenue of $306.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.66. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.66 per share. GAAP EPS of $0.66 for Q1 were 7.0% lower than the prior-year quarter's $0.71 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.8%, 30 basis points better than the prior-year quarter. Operating margin was 4.4%, 90 basis points worse than the prior-year quarter. Net margin was 3.1%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $240.2 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $2.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 249 members out of 311 rating the stock outperform, and 62 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Red Robin Gourmet Burgers a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Red Robin Gourmet Burgers is outperform, with an average price target of $47.85.
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