- Ruby Tuesday (NYSE:RT) reports a 0.6% decline in sales in FQ2 with a reduced store count factoring in.
- Same-restaurant sales were up 0.8% during the quarter.
- Restaurant-level margin rose 175 bps to 15.6% as payroll costs and costs of goods fell on a percentage basis.
- The company backs previous guidance for FY16 EPS of $0.12 to $0.17 vs. 0.09 consensus.
- Previously: Ruby Tuesday beats by $0.03, misses on revenue (Jan. 7)
- RT +4.60% after hours to $5.00.