Red Robin reports Q4 adjusted EPS (94c), consensus (57c)

Reports Q4 revenue $285.2M, consensus $285.2M. CEO G.J. Hart said, “The last two years have been transformational years for Red Robin (RRGB), and I’m proud to say we began to see the benefit of our work as we progressed through 2024, culminating in a 600-basis point improvement in traffic trends from the first quarter of the year to the fourth. We also gained traction in our cost-saving initiatives to translate our top-line momentum during the fourth quarter into a 19.0% increase in adjusted EBITDA. While financial results for 2024 fell well below our original expectations, we’ve made substantial improvements to the guest experience and believe we still have a significant opportunity ahead of us to reach the full potential of our iconic brand…2025 is off to a good start with the comparable restaurant revenue momentum we had exiting the fourth quarter, continuing through the first eight weeks of the first quarter. With the strategy we have in place, we believe we are well positioned to deliver significant value to our guests and shareholders alike.”