Red Robin Gourmet Burgers Reports Impressive Q1 Earnings, Surpassing Estimates by $0.82 and $12.42M Respectively
May 25, 2023
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Red Robin Gourmet ($NASDAQ:RRGB) Burgers, a well-known restaurant chain specializing in gourmet burgers, recently reported its first quarter earnings with impressive results that surpassed most estimates. The company reported Non-GAAP EPS of $0.25, which was $0.82 higher than the predicted figure, and reported total revenue of $418M, exceeding the forecast by $12.42M. The success of Red Robin Gourmet Burgers can be attributed to its commitment to serving high-quality burgers and other menu items made with fresh ingredients. With its wide range of menu items and commitment to quality, it’s no surprise that the company has seen such impressive earnings growth in the first quarter.
Earnings
The latest earnings report for the quarter ending December 31 2022 revealed that RED ROBIN GOURMET BURGERS earned a total revenue of 290.09M USD and reported a net income loss of 44.2M USD. Compared to the previous year, total revenue increased by 2.4%. In the last three years, RED ROBIN GOURMET BURGERS’s total revenue has grown from 201.05M USD to 290.09M USD. These impressive financial results demonstrate RED ROBIN GOURMET BURGERS’s continuing success in providing high quality gourmet burgers and other culinary delights.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RRGB. More…
| Total Revenues | Net Income | Net Margin |
| 1.27k | -77.8 | -4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RRGB. More…
| Operations | Investing | Financing |
| 35.53 | -29.57 | 29.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RRGB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 832.14 | 826.77 | 0.34 |
Key Ratios Snapshot
Some of the financial key ratios for RRGB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.2% | -54.9% | -4.5% |
| FCF Margin | ROE | ROA |
| -0.2% | -123.7% | -4.2% |
Price History
The impressive earnings report has investors confident that the restaurant chain will continue to perform well in the future. Live Quote…
Analysis
At GoodWhale, we’ve conducted an analysis of the health of RED ROBIN GOURMET BURGERS. Our Risk Rating shows that RED ROBIN GOURMET BURGERS is a medium risk investment when it comes to financial and business aspects. We’ve detected two risk warnings in their income sheet and balance sheet. Register with us to access more information regarding these risk warnings. Our goal is to provide our users with the insights they need to make the best investment decisions that work for their needs. More…
Peers
Alsea SAB de CV, Arcos Dorados Holdings Inc, and Papa John’s International Inc are all companies that specialize in different types of food, but all three are competitors of Red Robin Gourmet Burgers Inc.
– Alsea SAB de CV ($OTCPK:ALSSF)
Alsea SAB de CV is a Mexico-based company engaged in the food and beverage industry. It operates through four segments: Restaurants, Food Service, Retail and Others. The Company’s restaurant brands include Starbucks, Domino’s Pizza, Burger King, The Cheesecake Factory, California Pizza Kitchen, among others. The Food Service segment provides food service to companies and institutions. The Retail segment offers a range of food and non-food products through stores, such as Walmart, Soriana, Chedraui, Comercial Mexicana, Costco and Sam’s Club, among others. The Others segment comprises of Alsea’s Digital business, which provides e-commerce and technology solutions, as well as its Fresh business, which supplies fresh food products to restaurants and food service customers.
– Arcos Dorados Holdings Inc ($NYSE:ARCO)
Arcos Dorados Holdings Inc is a holding company for McDonald’s restaurants in Latin America and the Caribbean. The company has a market cap of 1.48B as of 2022 and a Return on Equity of 60.96%. Arcos Dorados operates over 2,200 McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean.
– Papa John’s International Inc ($NASDAQ:PZZA)
Papa John’s International Inc is a pizza chain with over 3,300 locations in 44 countries. The company was founded in 1984 and is headquartered in Louisville, Kentucky. Papa John’s has a market cap of $3.08 billion and a return on equity of -26.94%. The company’s revenue and net income have both declined in recent years, and its stock price has been volatile.
Summary
Red Robin Gourmet Burgers recently reported their Non-GAAP EPS of $0.25 which beat the analysts’ estimates by $0.82. Revenue of $418M also beat projection of $12.42M. The stock price was up the same day, suggesting investors responded positively to the news. Overall, the market sentiment towards Red Robin Gourmet Burgers is positive, and investors may want to consider investing in the company given their strong financial performance.
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