Red Robin reports Q2 adjusted EPS 61c, consensus 52c
Reports Q2 revenue $315.8M, consensus $315.66M. Reports Q2 comparable restaurant revenue up 0.5% using constant currency rates. Reports Q2 comparable restaurant guest counts up 1%. "We were pleased with our positive traffic trend driven by guest response to our Tavern Double burger menu with Bottomless Steak Fries, priced at $6.99 every day," said Denny Marie Post, Red Robin Gourmet Burgers, Inc. chief executive officer. "The expected completion of the rollout of our off-premise revenue streams in the back half of 2017 will allow us to continue our top-line sales momentum. At the same time we're beginning to make progress on our labor model improvements. We'll build on these and other priorities through the balance of the year and into 2018."