logo
Plus   Neg
Share
Email

Red Robin Moves Notably Higher After Seeing Initial Weakness

After initially moving to the downside, shares of Red Robin Gourmet Burgers, Inc. (RRGB) have moved notably higher over the course of the trading session on Wednesday. Red Robin is currently up by 3.9 percent.

The rebound by Red Robin comes after the restaurant chain reported third quarter adjusted earnings of $0.16 per share compared to analyst estimates for $0.12 per share.

However, Red Robin also reported weaker than expected revenues for the quarter amid a drop in comparable restaurant sales and lowered is full-year revenue guidance.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Target Corp. (TGT) announced a retail collaboration with Walt Disney Co. (DIS) that will open 25 Disney stores within select Target stores nationwide on October 4, with 40 additional locations opening by October 2020. Target will also open a store at Flamingo Crossings Town Center at the western entrance of the Walt Disney World Resort in 2021. Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber...
Follow RTT