Company looks to build bar sales, raise prices and cut corporate costs
Executives at Red Robin Gourmet Burgers Inc. sought to answer recent criticism from shareholders by detailing traffic-driving and cost-cutting initiatives during a conference call with investors. A renewed focus on the bar, price increases and corporate workforce reductions were among the strategies the company discussed Thursday during the call after reporting a 37-percent increase in fourth-quarter profit. (EARLIER: Red Robin posts 37% rise in 4Q profit) The initiatives are part of the ...
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