Red Robin Gourmet Burgers Inc

Red Robin Gourmet Burgers maintained its full-year 2026 guidance, including adjusted EBITDA of $70 million to $73 million, while announcing three refranchising agreements expected to generate approximately $96 million in gross proceeds upon closing. Second-quarter same-store sales grew 1.3% with traffic effectively flat, and restaurant-level operating margin rose 20 basis points to 14.7%. Total revenues were $278 million, down $6.1 million from the prior year, and adjusted EBITDA was $18.9 million, down $3.5 million versus the second quarter of 2025. The company expects comparable restaurant revenues between 0.5% and 1.5%, restaurant-level operating margin of approximately 13%, and capital expenditures between $25 million and $30 million. Management noted the outlook does not include any impact from the tactical refranchising initiatives.

Several companies saw notable after-hours stock moves following their latest earnings reports. Cerebras Systems tumbled 14% after second-quarter revenue of $180 million missed the $194 million LSEG consensus estimate. StubHub lost more than 15% as adjusted gross margin of 82.2% fell short of the 84.3% StreetAccount consensus, though it reaffirmed its full-year adjusted EBITDA outlook. Jack in the Box gained more than 1% after fiscal third-quarter earnings of 96 cents per share beat the 88-cent FactSet estimate, while Red Robin Gourmet Burgers rose nearly 2% on better-than-expected second-quarter results. Coherent slipped almost 3% despite first-quarter guidance above expectations, and Cisco Systems fell 3% after adjusted gross margin only narrowly beat estimates.

Red Robin shares have climbed about 38.7% since its last earnings report, outperforming the S&P 500. The company reported fiscal first-quarter 2026 adjusted earnings of 13 cents per share, missing the Zacks Consensus Estimate of 21 cents, while total revenues of $378.3 million were in line with expectations. Comparable restaurant revenues decreased 0.6%, and restaurant-level operating margin improved 50 basis points to 14.8%. Red Robin reaffirmed its fiscal 2026 outlook, including comparable restaurant revenue growth of 0.5% to 1.5% and adjusted EBITDA of $70 million to $73 million.