Red Robin earnings jump 76% in 1Q

Red Robin Gourmet Burgers reported a 76-percent increase in profit on Thursday saying turnaround efforts are taking hold.

The casual-dining chain reported net income of $8.7 million, or 56 cents per share, for the first quarter ended April 17, compared with net income of $4.9 million, or 32 cents per share, for the same quarter a year ago.

Same-store sales increased 1.9 percent for company-owned restaurants, which was driven by a 0.9-percent rise in traffic and a 1-percent incre

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