real-time news and commentary for investors
Wednesday, Oct 9
Tough quarter for Ruby Tuesday
- Same-store sales fell 11.4% Y/Y at company-owned stores, and fell 8.4% at domestic Ruby Tuesday franchise restaurants. Net loss from continuing operations of $21.9M vs. loss of $3.1M a year ago.
- "The first quarter was challenging as the overall economy failed to realize any significant improvements which adversely affected us and the casual dining industry." Indeed.
- Fiscal 2014 outlook: Same-store sales expected to be down in the high single-digits in FQ2, with sequential improvement in FQ3 and FQ4.
- FQ1 results.
- Press release.
- Conference call at 5 ET.
- RT -13% AH.