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Red Robin's income inches higher despite spike in costs

GREENWOOD VILLAGE, Colo. Red Robin Gourmet Burgers Inc. recorded a slight uptick in net income for the first quarter as a revenue gain of 25.4 percent to $212.3 million trumped a 25.8-percent spike in total costs and expenses.

The company also said it received commitments for a new $300 million credit facility that provides more favorable borrowing rates and will fund share repurchases, restaurant construction, franchise acquisitions and working capital. The

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TAGS: Finance
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