News – “Red Robin takes a hit as burger lovers move to fast-food chains” – Americans crave hamburgers as much as ever — but that’s not helping the fortunes of Red Robin Gourmet Burgers.

The casual-dining chain — nice mid-market eateries with comfy booths, burger-heavy menus and lots of bar action — became one of the latest casualties of the revival of fast food.

Competition from fast-food burger chains was a key reason that Red Robin’s stock plummeted more than 20% in after-market trading Monday after a poor earnings report. The casual dining chain’s third-quarter earnings failed to meet analysts’ expectations.

Red Robin is suffering along with the rest of the so-called casual-dining segment, which is losing business to cheaper fast-food chains’ expanded menu offerings.

Prob took a hit for other reasons as well….bottomless fries aren’t gonna keep getting it done.

Image result for shrug gif

One Comment

Leave a Reply