Red Robin Earnings Heat Up On New Formats, Menu Items
The casual dining chain Red Robin Gourmet Burgers (RRGB) reported better than expected results thanks to the success of new smaller-format restaurants and new menu items. The chain reported adjusted earnings per share of 24 cents, flat from a year ago, but 8 cents over analysts' forecasts. Revenue climbed 3.4% to $213.3 million, beating views for $211.69 million. Sales at company-owned restaurants open at least a year climbed 1.1%. "The success of
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