Red Robin reports Q3 adjusted EPS (79c), consensus (85c)

Reports Q3 revenue $277.6M, consensus $278.15M. Comparable restaurant revenue decreased 3.4%. Comparable restaurant dine-in sales increased 0.5%. G.J. Hart, Red Robin’s President and Chief Executive Officer said, “We have made tremendous progress in 2023, first investing in people and hospitality and recently launching quality upgrades to ingredients and offerings across our menu. The enhancements we are making across all touch points continue to resonate with our guests resulting in increases in satisfaction, and we expect will ultimately drive increased traffic counts.”