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

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