- Ruby Tuesday (RT) reports same-restaurants sales fell 1.9% in FQ3 at company-owned restaurants and 2.2% at franchised outlets. The mark was higher than what analysts forecast.
- The company plans to close approximately six to nine restaurants during FQ4 for a total of 30 to 33 closures in H2.
- During the firm's earnings call, execs highlighted how the company was able to drive redeemptions of coupons during the quarter without giving away "inordinate" discounts (CC transcript).
- RT +10.1% premarket
at Zacks.com (Nov 17, 2014)