Red Robin reports Q1 adjusted EPS 20c vs. (73c) last year

Reports Q1 revenue $392.4M, consensus $388.77M. Comparable restaurant revenue increased 3.1%. David Pace, Red Robin’s (RRGB) President and Chief Executive Officer said, “We are pleased with our strong start to the year as we delivered increases in both sales and profits during the first quarter. We have made significant investments in food quality and hospitality over the past two and a half years and the operational foundation of Red Robin is strong. Nevertheless, we are far from claiming victory. There is still more work to be done as we continue the comeback journey of this beloved brand and capture the significant opportunity in front of us.”