Red Robin posts 37% rise in 4Q profit

Turnaround efforts appear to be taking hold at Red Robin Gourmet Burgers Inc., which reported a 37-percent increase in profit in the fourth quarter, officials said Thursday. 

Looking ahead, a menu price increase will be necessary to counter rising commodity costs, the company added.

For the fourth quarter ended Dec. 26, Red Robin reported earnings of $2.2 million, or 14 cents per share, compared with $1.6 million, or 10 cents per share, a year ago. The latest quarter resul

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish