Red Robin: 1st-Q profit dips on higher costs

GREENWOOD VILLAGE Colo. Red Robin Gourmet Burgers Inc., the operator or franchisor of 393 casual-dining restaurants, reported Tuesday a 2.8-percent dip in first-quarter profit on higher costs and weaker sales in California, Nevada and Arizona.

Net income for the quarter ended April 20 totaled $7.3 million, or 43 cents per share, compared with year-ago net income of $7.5 million, or 44 cents per share.

Restaurant-level operating profit margins at

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