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Wednesday, May 16
2012, 4:23 PM
More on Red Robin Gourmet Burgers (RRGB): Q1 comes in mixed, beating on a per share basis but...
More on Red Robin Gourmet Burgers (RRGB): Q1 comes in mixed, beating on a per share basis but coming up short on revenue estimates. Total revenues were lackluster due to declining guest counts, but it bottom line results were helped by a boost in the average guest check, better operating profit margins and tighter expense management. Shares are volatile after hours, dropping nearly 8% immediately following the earnings report, but have since recovered and are currently trading 1.7% higher.