More on Ruby Tuesday (RT): FQ4 EPS comes in at a loss, reversing a year-ago profit,...

|About: Ruby Tuesday, Inc. (RT)|By:, SA News Editor

More on Ruby Tuesday (RT): FQ4 EPS comes in at a loss, reversing a year-ago profit, overshadowing a slight beat on the revenue side. Total revenues were marginally higher, but bottom-line performance missed the mark due to impairment costs, unfavorable year-end tax adjustments, higher health plan costs, and higher interest expense resulting from its high yield bond offering. Same-restaurant sales declined 4.6% Y/Y at Company-owned restaurants, and 7.3% at its franchises. Shares -3% AH.