Red Robin posts net loss in 3Q

Red Robin Gourmet Burgers Inc. Thursday reported a net loss in the third quarter from a combination of impairment charges, executive compensation and higher advertising expenses, among others factors.

The company also said that same-store sales trends had taken a positive turn in the period.

Red Robin reported a net loss of $4.2 million, or 27 cents per share, for the third quarter ended Oct. 3, compared with a profit of $5.7 million, or 37 cents per share, in the same year-ago

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