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Red Robin (RRGB) Q2 Earnings Lag Estimates, Revenues Beat
RRGBRed Robin Gourmet Burgers(RRGB) ZACKS·2024-08-24 00:00

Red Robin Gourmet Burgers, Inc. (RRGB) posted mixed second-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top line increased year over year, while the bottom line fell from the prior-year quarter's levels. Following the results, the company's shares declined 14% during the after-hours trading session on Aug 22. Negative investor sentiments were witnessed as the company lowered its 2024 guidance on account of a broader industry slowdown. Del ...