RED ROBIN (RRGB)
EARNINGS RELEASE - AUGUST 11 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -3.30/share REV: 166/M
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LAST QTR: EPS: -.45/share ACTUAL: -1.73/share (MISS)
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NEXT QTR: EPS: -1.62/share REV: 219/M
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FULL YR: EPS: -11.40/share REV: 948/M
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BEAT/MISS RECORD: 57% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -14.04, 18.49, -13.25
EXPECTED JUMP MOVE THIS QUARTER: 12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
Domino’s (DPZ) focus on sales-building initiatives bode well. However, the company’s high debt levels are a concern.
Red Robin’s (RRGB) fourth-quarter fiscal 2020 comps are negatively impacted by surge in COVID-19 cases in the key states of California, Colorado, Oregon, and Washington.
Red Robin Gourmet Burgers Inc. released preliminary fourth-quarter that showed revenue taking a hit after renewed restrictions in response to COVID-19. “We began the fourth quarter with sequential improvement in comparable restaurant revenue compared to the third quarter, however, momentum stalled due to heightened dine-in and other restrictions in 43% of company-owned restaurants including restaurants in our key states of California, Colorado, Oregon, and Washington,” said Paul J.B. Murphy III, chief executive of Red Robin. “While the near-term is likely to remain volatile because of COVID-19, we are encouraged by recent state re-openings, and we expect indoor dining to be re-opened at 39 restaurants as of January 11.” The company said comparable year-over-year revenue fell 28.9%, with comparable revenue down 15.4% to $42,509 the week ending Nov. 1 and tumbling further, down 39.5% to $35,716 by the week ending Dec.27. Company-owned restaurants with open dining rooms fared better, down 23.3% to $40,578 by the week of Dec. 27. And Red Robin found that restaurants selling Donatos pizza did better than those that weren’t. Donatos is now in 79 restaurants. There are 540 Red Robin restaurants across the U.S. and Canada, including those operating under a franchise agreement. Red Robin had $128 million in liquidity, including cash on hand and available borrowing capacity under its credit facility, as of Dec. 27. Red Robin stock has fallen 33.7% over the last year while the benchmark S&P 500 index is up 17.1% for the period.
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) (“Red Robin” or the “Company”), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today provided a business update, including preliminary, unaudited comparable restaurant revenue results for the fourth quarter ended December 27, 2020.
Red Robin’s (RRGB) efforts to improve sales through expanding seating capacity along with strong off-premise sales through carryout and third-party delivery services bode well.
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Avg Daily Volume: 1,230,999 Market Cap: 101.24M
Sector: Services Short Interest: 54.84
Ticker delayed 20 minutes
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