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Red Robin's First-Quarter Loss Per Share Is 6 Times Greater Than Analysts Expected

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Red Robin's First-Quarter Loss Per Share Is 6 Times Greater Than Analysts Expected

Red Robin Gourmet Burgers (NASDAQ: RRGB) reported results today for its fiscal first quarter ended April 19, 2020, and adjusted net losses were much higher than analysts expected. Consensus estimates were for a loss of $1.10 per share, according to CNBC. But actual results came in with a loss of $6.66 per diluted share, after adjusting for additional impairment and litigation charges.

Source Fool.com

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