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Greenwood Village-based Red Robin Gourmet Burgers Inc.’s fourth-quarter earnings jumped 76 percent, flying by the level expected by analysts, as a turnaround at the burger-joint chain appeared to strengthen.
Red Robin posted a profit of $8.7 million, or 56 cents a share, from $5 million, or 32 cents a share, a year earlier. Revenue increased 4.1 percent to $286.8 million.
Excluding one-time items, earnings rose to 58 cents a share. Analysts surveyed by Thomson Reuters were expecting earnings of 24 cents a share.
