What caused RRGB's significant earnings miss in Q4?

Red Robin Gourmet Burgers (RRGB) experienced a significant earnings miss in Q4 due to a combination of factors:

1. **Revenue Shortfall**: The company's total revenue for the quarter was $285.23 million, which fell short of the analyst estimate of $285.20 million. This shortfall, although relatively small, contributed to the overall earnings miss.
2. **Earnings Per Share (EPS) Miss**: The diluted EPS for Q4 was -0.65, which was a significant miss compared to the consensus estimate of -0.29. This indicates that the company's losses were much higher than anticipated.

|code|Ticker|Name|Date|Estimate EPS|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q1|-0.6|-0.2|185|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q2|-0.42|-0.05|185|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q3|-0.96|-0.17|185|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q4|-0.29|-0.65|185|

3. **Underperforming Restaurants**: Red Robin plans to close 10-15 underperforming restaurants in 2025. This strategic move suggests that a significant number of restaurants have not been meeting financial targets, which could have impacted the overall financial performance of the company.

In summary, RRGB's significant earnings miss in Q4 was likely a result of a combination of lower-than-expected revenue and a substantial miss on earnings per share, exacerbated by the performance of underperforming restaurants.

|code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q1|-4230000|3.88541E8|185|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q2|5830000|3.00154E8|185|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q3|5198000|2.74638E8|185|
|RRGB|RRGB.O|Red Robin Gourmet Burgers|2024 Q4|-2.742E7|2.85227E8|185|