NASDAQ$RRGB
Red Robin Gourmet Burgers Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported financial results, showing increased restaurant revenue and improved net loss compared to the prior year.
Red Robin Gourmet Burgers, Inc. reported positive financial results for the fiscal first quarter ended April 17, 2022. Restaurant revenue increased by 19.4% compared to 2021, driven by a 19.7% increase in comparable restaurant revenue. The net loss improved by $5.6 million compared to 2021, and adjusted EBITDA increased by $0.6 million.
- Restaurant revenue increased by 19.4% compared to 2021, reaching $380.6 million.
- Comparable restaurant revenue increased by 19.7% compared to 2021, driven by increases in both average guest check and guest count.
- Net loss improved by $5.6 million compared to 2021, totaling $3.1 million.
- Adjusted EBITDA improved by $0.6 million compared to 2021, reaching $28.0 million.
Headline financials
Revenue & EPS history
Red Robin · Revenue · Quarterly
$396M
Revenue by segment
Red Robin · $396M total across 2 segments · Q1 2022
- Restaurant revenue$381M+19.4%96.2%
- Franchise and other revenue$14.9M—3.8%
Forward guidance
The Company reiterated its full year 2022 guidance, including mid-to-high single digit restaurant labor cost inflation, selling, general and administrative costs between $145 and $155 million, adjusted EBITDA between $80 and $90 million, and capital expenditures of $40 to $50 million.
Tailwinds
- Continued investment in maintaining restaurants and systems.
- Modest new restaurant growth.
- Donatos® expansion to approximately 50 restaurants.
- Improvements to operational technology solutions.
- Off-premises execution enhancements.
Headwinds
- Mid-to-high single digit restaurant labor cost inflation.
- Selling, general and administrative costs between $145 and $155 million.
- Adjusted EBITDA between $80 and $90 million.
- Capital expenditures of $40 to $50 million.
- Commodity cost inflation guidance for full year 2022 is updated to low double digit inflation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+2.3%
Avg return
Earnings day
+4.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
59%
39 / 66 earnings
Positive
+62.3%
Q1 2025
Best reaction
-31.3%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +17.7% | +18.4% | +62.1% | |
| Q4 2025 | +32.6% | +22.3% | -27.0% | |
| Q3 2025 | -6.2% | -10.9% | -14.0% | |
| Q2 2025 | +1.7% | +11.0% | +12.3% | |
| Q1 2025 | +62.3% | +107.7% | +75.7% | |
| Q4 2024 | +34.5% | +7.1% | -19.2% | |
| Q3 2024 | -14.5% | -17.3% | -8.1% | |
| Q2 2024 | -14.1% | -23.4% | -21.6% | |
| Q1 2024 | +13.0% | +21.3% | +10.7% | |
| Q4 2023 | -15.0% | -15.9% | -13.0% | |
| Q3 2023 | +14.8% | +15.5% | +15.2% | |
| Q2 2023 | -5.4% | -9.1% | -13.0% | |
| Q1 2023 | +4.9% | -2.4% | -8.0% | |
| Q4 2022 | +27.6% | +35.6% | +67.8% | |
| Q3 2022 | -15.1% | -12.0% | +4.3% | |
| Q2 2022 | -10.7% | -9.6% | -18.3% | |
| Q1 2022 | +34.6% | +23.0% | +6.6% | |
| Q4 2021 | +14.5% | +28.6% | +1.4% | |
| Q3 2021 | -4.3% | -6.6% | -21.0% | |
| Q2 2021 | -16.4% | -10.3% | -7.6% | |
| Q1 2021 | +0.5% | -0.9% | -7.2% | |
| Q4 2020 | +8.6% | +21.2% | +21.1% | |
| Q3 2020 | +11.9% | +43.3% | +71.7% | |
| Q2 2020 | -4.0% | -2.7% | +21.3% | |
| Q1 2020 | -31.3% | -24.4% | -49.6% | |
| Q4 2019 | -24.9% | -21.8% | -66.2% | |
| Q3 2019 | -12.9% | -17.0% | -15.4% | |
| Q2 2019 | +4.3% | +2.3% | +3.4% | |
| Q1 2019 | -15.9% | -12.8% | +0.5% | |
| Q4 2018 | -3.7% | +2.3% | -3.8% | |
| Q3 2018 | +7.3% | +6.4% | +0.9% | |
| Q2 2018 | +2.4% | +2.6% | +0.1% | |
| Q1 2018 | -21.9% | -20.9% | -13.9% | |
| Q4 2017 | +6.2% | +1.6% | +11.3% | |
| Q3 2017 | -28.8% | -29.9% | -24.4% | |
| Q2 2017 | +3.1% | +6.6% | +0.4% | |
| Q1 2017 | +20.5% | +23.1% | +8.4% | |
| Q4 2016 | +4.4% | -1.7% | +13.0% | |
| Q3 2016 | +5.6% | +7.5% | +13.6% | |
| Q2 2016 | +6.1% | +7.4% | +2.1% | |
| Q1 2016 | -22.3% | — | — | |
| Q4 2015 | +7.1% | — | — | |
| Q3 2015 | -13.9% | — | — | |
| Q2 2015 | -6.7% | — | — | |
| Q1 2015 | +19.3% | — | — | |
| Q4 2014 | +3.9% | — | — | |
| Q3 2014 | +20.4% | — | — | |
| Q2 2014 | -14.9% | — | — | |
| Q1 2014 | +12.5% | — | — | |
| Q4 2013 | -0.7% | — | — | |
| Q3 2013 | +7.9% | — | — | |
| Q2 2013 | +9.3% | — | — | |
| Q1 2013 | +4.5% | — | — | |
| Q4 2012 | +11.2% | — | — | |
| Q3 2012 | +21.5% | — | — | |
| Q2 2012 | +9.0% | — | — | |
| Q1 2011 | -14.8% | — | — | |
| Q1 2012 | -1.9% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q4 2009 | -1.2% | — | — | |
| Q3 2011 | +7.5% | — | — | |
| Q3 2010 | +7.5% | — | — | |
| Q2 2011 | +3.5% | — | — | |
| Q2 2010 | +3.5% | — | — | |
| Q4 2010 | +3.5% | — | — | |
| Q1 2010 | -14.6% | — | — |
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