Red Robin (NASDAQ:RRGB) will report earnings after the bell Monday. Last quarter, they beat revenue expectations by 1.6%, with revenues of $283.7 million down 5.5% year on year. Analysts expect revenue to decline 6.5% to $256.7 million this quarter, with an adjusted loss of -$0.78 per share.
Analysts reconfirmed estimates for Red Robin, expecting the business to stay the course. Red Robin has a history of beating revenue estimates by 1.3% on average since going public. Peers like Bloomin’ Brands saw a 10.6% revenue decrease, while First Watch reported a 25.6% increase.
Investors in the sit-down dining segment have seen steady hands with share prices down 1.2% on average. Red Robin is down 24.8% in the last month, heading into earnings with an average analyst price target of $11.
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Read more at Yahoo Finance: What To Look For From RRGB
