Red Robin Gourmet Burgers Releases Q1 2026 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy RRGB?
Source: seekingalpha
- Financial Highlights: Red Robin reported a Q1 non-GAAP EPS of $0.13 with revenues of $378.3 million, reflecting a 3.6% year-over-year decline but exceeding market expectations by $16.16 million, indicating resilience in profitability despite challenges.
- Liquidity Position: As of April 19, 2026, the company had outstanding borrowings of $175.7 million under its credit facility and approximately $40.8 million in liquidity, including cash and cash equivalents, ensuring financial flexibility for ongoing operations.
- Fiscal 2026 Outlook: The company reaffirms its fiscal 2026 guidance, projecting comparable restaurant revenue growth of 0.5% to 1.5%, with restaurant-level operating profit around 13.0% and adjusted EBITDA between $70 million and $73 million, reflecting confidence in future performance.
- Capital Expenditure Plans: Anticipated capital expenditures are set between $25 million and $30 million, aimed at enhancing restaurant operational efficiency and customer experience, thereby supporting the company's long-term growth strategy.
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Analyst Views on RRGB
Wall Street analysts forecast RRGB stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.750
Low
7.00
Averages
10.00
High
12.00
Current: 3.750
Low
7.00
Averages
10.00
High
12.00
About RRGB
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurants in North America. The Company's menu features its signature product, a line of Gourmet Burgers with layers of fresh ingredients and fresh ground beef. It also offers burgers made with other proteins, including chicken breasts (grilled or fried), turkey patties, as well as a proprietary vegetarian patty and the Impossible plant-based burger patty. The Company offers a selection of buns, including gluten-free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. It serves an array of other mainstream items, such as Donatos pizza, wings, salads, other entrees, and desserts. The Company’s beverage categories include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of domestic, imported, and craft beers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement Date: Red Robin Gourmet Burgers (RRGB) is set to release its Q1 2023 earnings on May 19 after market close, with a consensus EPS estimate of -$0.07, reflecting a significant 135% year-over-year decline, indicating pressure on profitability.
- Revenue Expectations Decline: The anticipated revenue for Q1 is $362.14 million, down 7.7% year-over-year, highlighting challenges in the competitive fast-food market that could impact future market share.
- Historical Performance Review: Over the past two years, Red Robin has beaten EPS estimates 63% of the time and revenue estimates 88% of the time, although recent EPS estimates have seen two upward revisions and one downward revision, indicating mixed market sentiment regarding its profitability.
- Future Outlook: Red Robin aims for up to $73 million in adjusted EBITDA for 2026 while advancing micro-targeted marketing and refranchising strategies, intending to enhance financial performance through operational optimization.
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- Financial Overview: In Q1 2026, Red Robin reported total revenues of $378.3 million, down 3.6% from $392.4 million in Q1 2025, indicating challenges in restoring traffic and profitability, although restaurant-level operating profit margin improved to 14.8%.
- Operational Efficiency Gains: The company achieved a restaurant-level operating profit of $54.8 million through the implementation of a new menu and targeted marketing strategies, despite a decline in overall operating income, demonstrating efforts to enhance customer experience and operational efficiency.
- Liquidity Position: As of April 19, 2026, Red Robin had liquidity of approximately $40.8 million and outstanding borrowings of $175.7 million, indicating a need for careful financial management to navigate future uncertainties.
- Future Outlook: Red Robin reaffirmed its fiscal 2026 guidance, showing commitment to driving sales and traffic growth through its 'First Choice' strategic plan, despite market challenges, reflecting confidence in future development.
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- Financial Highlights: Red Robin reported a Q1 non-GAAP EPS of $0.13 with revenues of $378.3 million, reflecting a 3.6% year-over-year decline but exceeding market expectations by $16.16 million, indicating resilience in profitability despite challenges.
- Liquidity Position: As of April 19, 2026, the company had outstanding borrowings of $175.7 million under its credit facility and approximately $40.8 million in liquidity, including cash and cash equivalents, ensuring financial flexibility for ongoing operations.
- Fiscal 2026 Outlook: The company reaffirms its fiscal 2026 guidance, projecting comparable restaurant revenue growth of 0.5% to 1.5%, with restaurant-level operating profit around 13.0% and adjusted EBITDA between $70 million and $73 million, reflecting confidence in future performance.
- Capital Expenditure Plans: Anticipated capital expenditures are set between $25 million and $30 million, aimed at enhancing restaurant operational efficiency and customer experience, thereby supporting the company's long-term growth strategy.
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- Earnings Forecast: Major companies including Toll Brothers (TOL), Keysight Technologies (KEYS), CAVA Group (CAVA), 8x8 (EGHT), and Ellington Credit Company (EARN) are set to release their earnings after Tuesday's close, with market expectations potentially influencing their stock price movements.
- Market Focus: Investors will closely monitor these earnings reports to assess company performance in the current economic climate, particularly regarding market dynamics in the construction, technology, and consumer goods sectors.
- Additional Earnings: In addition to the major companies, CCIF, RRGB, and ZTO are also scheduled to report earnings after Tuesday's close, further enriching the earnings season narrative and potentially triggering trading activity among investors.
- Earnings Season Calendar: Seeking Alpha provides a comprehensive earnings season calendar, assisting investors in tracking upcoming earnings releases to ensure timely access to critical information for informed investment decisions.
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- New Beverage Launch: Red Robin is set to debut its new summer beverage menu on May 18, featuring five handcrafted margaritas and tropical cocktails designed to provide refreshing summer drink options, enhancing the overall dining experience.
- Holiday Celebration: The launch coincides with World Cocktail Day, allowing Red Robin to attract customers and increase foot traffic in restaurants, thereby boosting brand visibility.
- Market Positioning: The new drinks are crafted to create a 'vacation-in-a-glass' vibe, catering to customers' desires for a relaxed dining experience, which is expected to enhance customer loyalty and repeat visits.
- Comprehensive Promotion: Red Robin plans to promote the new beverages through various channels, including social media and in-store advertising, aiming to attract more young consumers and drive summer sales growth.
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- New Product Launch: On April 20, 2026, Red Robin introduces the Towering Double Cheeseburger Sliders, featuring 100% fresh hand-cut beef with up to 12 ounces per order, aiming to redefine the slider concept and attract more customers.
- Limited-Time Offer: To celebrate the new launch, Red Robin is offering a one-day-only Sky-High Towering Trio meal deal for $20, which includes one Towering Double Cheeseburger Slider Tower, one Onion Ring Shorty, and one Cinnamon Sugar Doh! Ring® Shorty, providing a value-packed dining experience.
- Collaborative Promotion: The new sliders are paired with King's Hawaiian® Sweet Rolls, combining both brands' specialties to create a unique burger experience, enhancing brand appeal and expanding market share.
- Beverage Pairing: Guests can complement their sliders with Kona Big Wave beer, whose crisp tropical notes perfectly enhance the savory flavors of the new sliders, thereby attracting more consumers to dine in.
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