- The Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) stock is trending. This is why.
The Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) stock is trending. And the company stock price fell by 6.6% after hours.
Investors are responding to the company’s fourth quarter results.
Red Robin Gourmet Burgers reported a Q4 EPS of ($1.03), which was $0.52 less than analyst estimates of ($0.51). And the revenue for the quarter was $283.4 million compared to the consensus estimate of $292.14 million.
The company currently expects the following for full year 2022:
— Mid-to-high single digit commodity and restaurant labor cost inflation;
— Selling, general and administrative costs between $145 and $155 million;
— Adjusted EBITDA between $80 and $90 million; and,
— Capital expenditures of $40 to $50 million, as the company continues to progress our strategic initiatives and focus on operational execution as they emerge from the pandemic, including continued investment in maintaining restaurants and systems, modest new restaurant growth, Donatos expansion to approximately 50 restaurants, improvements to our operational technology solutions, and off-premises execution enhancements.
The company currently expects to increase pricing in the mid-single digits during 2022, along with other operating initiatives underway, to mitigate cost inflation.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.