Yahoo! Finance: Cost-Cutting Efforts to Drive Red Robin’s Q4 Earnings

Red Robin is preparing to release its fourth-quarter results for 2017 on Thursday, and according to a recent Yahoo! Finance article, it’s looking like those results will be positive. That’s because the brand has been actively looking for ways to save money while increasing revenues.

One way that Red Robin is hoping to improve its business is through innovation. The brand introduced new technology to its system, including the DineTime and ConnectSmart Kitchen platforms. DimeTime provides seating management and accepts online reservations while ConnectSmart Kitchen helps the brand increase table efficiency and service speed. Red Robin is also placing more emphasis on delivery, carry-out and catering in an effort to reach new consumers.

Red Robin’s business strategy comes after the brand announced that it was eliminating the bus boy position from its restaurants in an effort to combat minimum wage hikes. The brand is also going into its fourth-quarter results on the heels of a strong Q3 in which Red Robin saw revenues of $304.2 million.

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