Red Robin stock sinks on weaker-than-expected first-quarter earnings
Shares of Red Robin Gourmet Burgers Inc. tumbled in Thursday's extended session after the restaurant chain posted disappointing quarterly results. Red Robin reported its first-quarter earnings shrank to $639,000, or 5 cents a share, from $4.4 million, or 34 cents a share, a year earlier. On an adjusted basis, the company would have earned 19 cents a share. Revenue fell to $409.9 million from $421.5 million while comparable restaurant revenue declined 3.3%. Analysts surveyed by FactSet had... Читать дальше...