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The Latest Breaking News from Red Robin Gourmet Burgers Inc

McDonald’s Corporation (MCD) and Red Robin Gourmet Burgers (RRGB): Buy or Sell?

The restaurant industry is expected to grow amid increasing investments in technology and steady demand. Therefore, fast food giant McDonald’s (MCD) could be worth buying. However, considering its weak fundamentals, I think Red Robin Gourmet (RRGB) is best avoided. Read on.

StockNews.com · May 23, 2023

Red Robin Gourmet Burgers CEO To Retire At 2022-End

Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) said Paul Murphy, President and Chief Executive Officer, has informed the Board of his intent to retire at the end of 2022. Murphy will be assisting the Board in their search to identify a successor. He will also remain as a special advisor until March 31, 2023,…

Benzinga · Jun 23, 2022

Mid-Morning Market Update: Markets Open Higher; US Goods Trade Deficit Narrows In April

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Friday.

Benzinga · May 27, 2022

From analysis to the latest developments in health,
read the most diverse news in one place.

Why Red Robin Gourmet Burgers Shares Are Surging Today

Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) reported first-quarter FY22 revenue growth of 21.2% year-over-year to $395.60 million, beating the consensus of $381.18 million. Restaurant sales rose 19.4% Y/Y, and comparable restaurant revenue increased 19.7%. Restaurant-level operating profit margin decreased by 170 basis points to 14%, driven primarily by commodity and labor cost inflation,…

Benzinga · May 27, 2022

Red Robin Clocks 41% Revenue Growth In Q4, Expects Margin Pressures To Persist During FY22

Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) reported fourth-quarter FY21 sales growth of 40.9% year-on-year, to $283.38 million, missing the consensus of $292.14 million. Comparable restaurant revenue increased 40.1% Y/Y, driven by a 26.6% increase in the Guest count and a 13.5% increase in average guest check. The restaurant-level operating margin was 13% versus…

Benzinga · Mar 11, 2022

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