Red Robin Gourmet Burgers (RRGB) shares soared 75% in early trading Friday, a day after the casual restaurant chain reported a surprising first-quarter profit.

The Englewood, Colo.-based company swung to an adju💯sted profit of $0.19 per share when a loss of $0.56 per share was expected by analysts surveyed by Visible Alpha. It had posted a Q1 adjusted loss of $0.73 per share a year ago.

Revenue rose 1% year-over-year to $392.4 mill💧ion when a slight decline was anticipated. Comparable restaurant revenue of 3.1% also topped projections.

"We are pleased with our strong start to the year as we delivered increases in both sales and profits during the first quarter," CEO David Pace said. "We have made significant investments in food quality and hospitality over the past two and a half years and the operational foundation of Red Robin is strong."

With today's surge, Red Robin shares moved into positive territory for 2025.

Loya🍌lty Program Change Seen Hit🌼ting Q2 Comparable Sales

For the current quarter, the chain "expects comparable restaurant revenue results to include a headwind of approximately 240 澳洲幸运5开奖号码历史查询:basis points due to a 2024 benefit from the change in the Company's loyalty program not recurring in 2025, leading to a total decline in comparable restaurant sales of approximateꦑly 3%." Analysts had been expecting 1% comparable restaurant sales gr▨owth.

Red Robin widened its full-year revenue outlook to $1.21 billion to $1.23 billion from the prior range of $1.225 billion to $1.250 billion. The midpoint is slightly above Visible Alpha consensus.