Red Robin 2Q net income falls 14%

Red Robin 2Q net income falls 14%

Company attributes disappointing quarter to weak economy, marketing missteps

Red Robin Gourmet Burgers Inc. blamed disappointing second-quarter results on a challenging economy, discounting by competitors and marketing missteps, the company said Thursday.

The Greenwood Village, Colo.-based casual-dining operator said same-store sales rose 1.2 percent during the quarter ended July 13, but the increase resulted from a 3.7-percent increase in average check, which offset a 2.5-percent decline in guest counts.

Red Robin chief executive Ste

Register to view the full article

Register to view this article

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