Red Robin Gourmet Burgers, Inc. Reiterates Earnings Guidance for the Fiscal Year 2024
May 29, 2024 at 04:05 pm
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Red Robin Gourmet Burgers, Inc. reiterated earnings guidance for the fiscal year 2024. For the year, the company expects total revenue of $1.250 billion to $1.275 billion, including comparable restaurant revenue of a low single digit percentage decline. Restaurant level operating profit of 12.5% to 13.5%, inclusive of investments in the Guest experience and rent expenses related to the sale leaseback transactions.
Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurants in North America. The Company's menu features its signature product, a line of Gourmet Burgers with layers of fresh ingredients and fresh ground beef. It also offers burgers made with other proteins including chicken breasts (grilled or fried), turkey patties, as well as a proprietary vegetarian patty and the Impossible plant-based burger patty. The Company offer a selection of buns, including gluten free, sesame, brioche, and lettuce wraps, with a variety of toppings, including house-made sauces, crispy onion straws, sauteed mushrooms, several cheese choices, and a fried egg. It serves an array of other mainstream items, such as Donatos pizza, wings, salads, other entrees, and desserts. The Companyâs beverage categories include alcoholic and non-alcoholic specialty drinks, cocktails, wine, and a variety of national and craft beers.
RED ROBIN GOURMET BURGERS, INC. 
