Red Robin Gourmet Burgers Reports Q2 2023 Net Income of $3.9 Million
Revenues Reach $298.6 Million in Second Quarter, Showing Steady Growth
Red Robin Gourmet Burgers, Inc.(RRGB), a leading player in the restaurant indu stry, has released its unaudited financial results for the second quarter of 2023. The company's condensed consolidated balance sheets reveal total assets of $798.4 million as of July 9, 2023, compared to $832.1 million as of December 25, 2022. The company's net income for the quarter was $3.9 million, in contrast to a net loss of $17.9 million during the same period in 2022. Moreover, the financial statement discloses revenues of $298.6 million, showcasing a promising upward trend.
Red Robin Reports Net Income of $3.9 Million in Q2 2023
Red Robin Gourmet Burgers, Inc. has recorded a noteworthy achievement with a net income of $3.9 million for the second quarter of 2023. This marks a significant turnaround from the same quarter in the previous year, when the company reported a net loss of $17.9 million.
Revenues Reach $298.6 Million, Demonstrating Steady Growth
