Quarterly ResultMay 19, 2026, 04:17 PM
Red Robin Q1 Revenue $378.3M; Net Loss $(2.2)M; Comp Sales -0.6%
AI Summary
Red Robin Gourmet Burgers, Inc. reported a net loss of $(2.2) million, or $(0.12) per diluted share, on total revenues of $378.3 million for the fiscal first quarter ended April 19, 2026. Comparable restaurant revenue decreased by 0.6%. Despite the revenue decline, the company achieved a 50 basis point improvement in restaurant level operating profit margin to 14.8% and reaffirmed its fiscal 2026 guidance, citing momentum from its "First Choice" strategic plan.
Key Highlights
- Total revenues for Q1 2026 were $378.3 million, down from $392.4 million in Q1 2025.
- Net loss for Q1 2026 was $(2.2) million, compared to net income of $1.2 million in Q1 2025.
- Diluted EPS was $(0.12) in Q1 2026, down from $0.07 in Q1 2025.
- Comparable restaurant revenue decreased by 0.6%, including a 1.6% decrease in guest traffic.
- Restaurant level operating profit margin improved to 14.8% from 14.3% in Q1 2025.
- Adjusted EBITDA decreased 2.1% to $27.3 million in Q1 2026.
- Reaffirmed fiscal 2026 guidance for comparable restaurant revenue growth of 0.5% to 1.5%.
- Reaffirmed fiscal 2026 guidance for Adjusted EBITDA of $70 million to $73 million.
Price Impact
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