earnings
confidence high
sentiment neutral
materiality 0.70
Red Robin Q2 revenue down 2.2% to $277.6M; comp sales +1.3%; $96M refranchising deals
RED ROBIN GOURMET BURGERS INC
- Total revenues $277.6M vs $283.7M; net income $0.4M vs $4.0M; diluted EPS $0.02 vs $0.21.
- Comparable restaurant revenue +1.3%; traffic -0.2%, average check +1.5%; RLOP margin 14.7%.
- Adjusted EBITDA $18.9M vs $22.4M; adjusted EPS $0.12 vs $0.26; reaffirms FY26 EBITDA guidance $70-73M.
- Announced 3 refranchising deals for 116 restaurants, $96M gross proceeds, expected close in Q3.