RRGB Earnings Prediction
The chart below shows how RRGB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RRGB sees a +5.92% change in stock price 10 days leading up to the earnings, and a -2.26% change 10 days following the report. On the earnings day itself, the stock moves by +0.22%. This data can give you a slight idea of what to expect for the next quarter's release.
RRGB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
274.64M
-1.05%
-8.50%
Gross Margin
13.49%
1.66%
-8.85%
Operating Margin
-4.13%
41.44%
664.81%
Net Margin
-6.87%
133.67%
117.41%
EPS
-1.20
-130.77%
96.72%
No Data Available
RRGB Earnings Analysis
Red Robin Gourmet Burgers Inc Corporation (RRGB.O) Earnings Conference Call
Positive
Revenue Decline Offset by Growth: Total revenues were $274.6 million, showing a slight decline from $277.6 million in the third quarter of fiscal 2023, but this was offset by a comparable restaurant revenue increase of 0.6%.
Guest Satisfaction Improvement: Our overall OSAT scores are up over 13 points since the beginning of the North Star plan, indicating improved guest satisfaction.
Customer Satisfaction Excellence: We have the highest Red Robin OSAT scores since at least 2016 and are above the industry average, reflecting our commitment to quality service.
Member Transaction Surge: New member transactions increased by 141% compared to the third quarter of last year, demonstrating strong engagement with our loyalty program.
Strong Liquidity Position: We ended the third quarter with $22 million of cash and cash equivalents, showcasing our strong liquidity position.
Negative
Revenue Decline Analysis: Total revenues were $274.6 million versus $277.6 million in the third quarter of fiscal 2023, indicating a decline due primarily to the closure of nine restaurants over the past year.
Operating Profit Decline: Restaurant-level operating profit as a percentage of restaurant revenue was 9%, a decrease of 210 basis points compared to the third quarter of 2023, primarily due to lower guest counts and increased discount levels.
Administrative Cost Increase: General and administrative costs were $20.8 million compared to $18.5 million in the third quarter of 2023, reflecting increased operational expenses.
EBITDA Decline Analysis: Adjusted EBITDA was $2.1 million in the third quarter of 2024, a decline of $4.7 million versus the third quarter of 2023, driven by lower guest counts and increased promotional offers.
Traffic Decline Projection: We expect traffic to decline approximately 4% in the fourth quarter, with a projected 1.5% headwind from reduced loyalty revenue.
RRGB FAQs
How does RRGB typically perform around its earnings report dates?
Is Red Robin Gourmet Burgers, Inc. (RRGB) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
RRGB Earning Call Sentiment
Red Robin Gourmet Burgers, Inc. (RRGB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
RRGB.O
-2.19%Positive
The earnings call reveals several challenges: declining revenues, increased costs, and a significant number of underperforming restaurants. Although there are some positive elements, like the loyalty program and modest same-store sales growth, these are overshadowed by operational inefficiencies and financial strains. The lack of a shareholder return plan and increased compliance leverage ratios further contribute to a negative outlook. The Q&A section does not provide substantial positive insights to offset these issues, leading to a prediction of negative stock movement over the next two weeks.