Red Robin traffic, profit fall in 4Q

GREENWOOD VILLAGE Colo. A nearly 10-percent drop in guest traffic that led to negative same-store sales, as well as impairment charges on two restaurants, resulted in a 43-percent plunge in fourth-quarter earnings for Red Robin Gourmet Burgers Inc.

The company said Thursday that same-store sales for the December-ended quarter fell 7.4 percent at corporate restaurants. A 2.2-percent increase in the average guest check did little to offset a 9.6-percent decline

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