Red Robin Gourmet Shares Gain on Return to Profitability in 1Q
Shares of Red Robin Gourmet Burgers climbed after the restaurant chain posted a first-quarter profit after a string of quarterly losses, with adjusted earnings well above Wall Street estimates.
The stock rose 53%, to $4.80, after hours Thursday, but has been down about 43% this year.
In a conference call, executives discussed progress in multiple areas such as the company's rewards program, improving labor costs and rolling out flat top grills "to deliver a thicker, juicier and more flavorful burger."...
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