Red Robin: We Are at an "Inflection Point"
Red Robin Gourmet Burgers (NASDAQ: RRGB) has had a tough run recently. Comparable-restaurant revenue has been disappointing, leading to lower sales and a worse bottom line. The company has been aiming to correct course under new leadership. But Red Robin still notably only has an interim CEO, as the board's search for a new CEO continues.
The restaurant chain's second quarter, however, was a breath of fresh air for investors. In the quarterly update last week, there were several signs that Red Robin's turnaround is beginning to take hold.
Image source: Red Robin Gourmet Burgers.
Source Fool.com
