Red Robin Gourmet Burgers (RRGB.US) Soars Back to Profitability! Achieves Profit for the First Time Since 2019, Stock Price Surges Over 55% After Hours.

According to the Smart Financial News APP, Red Robin Gourmet Burgers (RRGB.US), the company's ambitious business turnaround plan continues to impress investors. This popular chain restaurant in the United States and Canada unexpectedly achieved profitability in the first quarter. Adjusted EBITDA profit under NON-GAAP criteria doubled from last year, labor costs decreased, and debt decreased by nearly $18 million. GAAP net profit reached $1.2 million, compared to a net loss of $9.5 million in the same period last year, marking its first quarterly profit since 2019.