Red Robin details its turnaround plan

Company looks to build bar sales, raise prices and cut corporate costs

Executives at Red Robin Gourmet Burgers Inc. sought to answer recent criticism from shareholders by detailing traffic-driving and cost-cutting initiatives during a conference call with investors.

A renewed focus on the bar, price increases and corporate workforce reductions were among the strategies the company discussed Thursday during the call after reporting a 37-percent increase in fourth-quarter profit. (EARLIER:

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