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Jul 10, 2022
Red Robin Q2 2022 Earnings Report
Red Robin reported a net loss for the fiscal second quarter ended July 10, 2022, compared to the prior year.
Key Takeaways
Red Robin's restaurant revenue increased by 6.1% compared to 2021, driven by a 6.7% increase in comparable restaurant revenue. However, the company experienced a net loss of $17.9 million, which increased compared to 2021, and a decrease in adjusted EBITDA.
Restaurant revenue increased 6.1% compared to 2021.
Comparable restaurant revenue increased 6.7% compared to 2021.
Net loss increased compared to 2021.
Adjusted EBITDA decreased compared to 2021.
Revenue by Segment
Forward Guidance
Due to the volatile macroeconomic environment, softening industry sales trends, and higher commodity costs, the Company is updating its guidance as follows:
Historical Earnings Impact
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Avg. Return Before/After Earnings
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