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Apr 20, 2025
Red Robin Q1 2025 Earnings Report
Reported financial results for the fiscal first quarter ended April 20, 2025
Key Takeaways
Red Robin Gourmet Burgers, Inc. reported a strong start to the fiscal first quarter of 2025 with increases in both sales and profits compared to the prior year. Total revenues increased by $3.8 million, and the company achieved net income of $1.2 million compared to a net loss in the prior year.
Total revenues for Q1 2025 were $392.4 million, an increase of $3.8 million compared to Q1 2024.
Net income was $1.2 million in Q1 2025, a significant improvement from a net loss of $9.5 million in Q1 2024.
Comparable restaurant revenue increased by 3.1% in Q1 2025.
Adjusted EBITDA more than doubled to $27.9 million in Q1 2025 compared to $13.4 million in Q1 2024.
Revenue by Segment
Forward Guidance
For fiscal year 2025, Red Robin updated its total revenue guidance range to $1.21 billion to $1.23 billion, from the initial guidance of $1.225 billion to $1.250 billion. Restaurant level operating profit and Adjusted EBITDA guidance remained unchanged.
Positive Outlook
- Restaurant level operating profit is expected to be between 12.0% and 13.0% for fiscal 2025.
- Adjusted EBITDA is expected to be between $60 million and $65 million for fiscal 2025.
- Capital expenditures are expected to be approximately $30 million for fiscal 2025.
- Focus on retaining and extending progress in operational execution and guest experience.
- Strengthening financial position by reducing debt and generating free cash flow.
Challenges Ahead
- Total revenue guidance for fiscal 2025 was slightly lowered.
- Expected comparable restaurant revenue decline of approximately 3% in the second quarter of fiscal 2025.
- Q2 2025 comparable restaurant revenue will include a headwind of approximately 240 basis points due to a non-recurring loyalty program benefit from 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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