RED ROBIN’S LESSON: CUT LABOR AT YOUR OWN RISK

RED ROBIN’S LESSON: CUT LABOR AT YOUR OWN RISK

John Zolidis, president of Quovadis Capital, in a note Thursday blamed the deterioration on those cuts to labor. “We attribute the weakness to the competitive environment but also the company’s decision, starting in the first quarter last year, to significantly reduce labor hours in the stores, which we believe directly impacted service and, subsequently, traffic,” he wrote.

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