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RT

Ruby Tuesday, Inc.

5/22/2013, 7:40 PM ET

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Friday, April 12, 9:51 AM Restaurant sales trends improved in March but remain "fragile," according to a new report from Black Box Intelligence. The sector saw a same-store sales increase of 0.5% during the month compared to February’s decline of 5% - while traffic decreased 2% compared to a 4.2% drop in February. Comment! [Consumer]
Wednesday, April 10, 4:04 PM Ruby Tuesday (RT): FQ3 EPS of $0.10 misses by $0.01. Revenue of $307.4M. (PR) 1 Comment [Earnings, Breaking News]
Wednesday, April 10, 2:17 PM Restaurant visits by parties of adults grew by 1% last year to end four consecutive declines in the category but visits with children in tow showed flat growth once again, according to tracking from the NPD Group. A tripping point for the sector has been the lack of growth in visits by parties with kids. What to watch: Analysts see increased promotional activity sneaking in on the industry's margins. 5 Comments [Consumer]
Wednesday, April 10, 12:10 AM Notable earnings after Wednesday’s close: BBBY, RT Comment! [Earnings]
Tuesday, April 9, 5:35 PM Notable earnings after Wednesday’s close: BBBY, RT Comment! [Earnings]
Monday, March 25, 2:30 PM Restaurant blues: The consensus estimate of economists for consumer spending growth in February is for a 0.6% gain after the measure rose 0.2% in January but don't expect restaurants to report strong numbers for Q1. Inside tracking and guidance warnings from key companies indicate that the sector is feeling the pressure of higher payroll taxes. Major chains also face a tough period of comparable with last year's winter much milder on average in the U.S. 4 Comments [Consumer]
Friday, February 22, 8:50 AM The restaurant sector is on watch after a pre-earnings warning from Darden Restaurants (DRI) and a harsh downgrade on Wendy's (WEN) sets a negative tone. The picture being painted for 2013 is starting to get pretty consistent - margin pain and soft traffic trends. Other things to watch in 2013 for the sector: 1) The impact of higher payroll taxes. 2) The coming costs of the Affordable Care Act. 3) The push to raise the minimum wage. 4) Which chains can succeed in China and India? 5 Comments [Consumer]
Wednesday, February 13, 10:14 AM Margin pain on the horizon: Restaurants could get squeezed this year from a combination of higher commodity costs and frugal consumers, according to AlixPartners. Though traffic is forecast to rise 3%, the average ticket is expected to decline 4.7% with coupons, promotions, and discounts gaining favor. Chains that are expected to ride out the expected tough environment are those that can deliver healthy food fast. Chipotle (CMG -1.8%), privately-held Subway, and Panera (PNRA -1.5%) fit the bill. 6 Comments [Consumer]
Tuesday, January 29, 8:11 AM Credit Suisse downgrades Ruby Tuesday (RT) to a Neutral rating and maintains an uninspiring $8 price target on shares. The restaurant chain trimmed its FY13 guidance earlier this month. Comment! [Consumer]
Wednesday, January 9, 7:58 PM More on Ruby Tuesday (RT): FQ2 misses estimates on a slight decline in total sales Y/Y, which was exacerbated by a handful of write-downs stemming from its closure of several restaurants. The company also trimmed its FY13 same-store sales and earnings guidance, now expecting earnings in the range of $0.24 to $0.30 per share. The Street view is for an EPS of $0.29 per share. Separately, the company increased its share repurchase program by 10M shares. Shares -8.3% AH. Comment! [Earnings, Consumer]
Wednesday, January 9, 5:22 PM After-hours top gainers, as of 5:15 p.m.: VOXX +15%. NEWL +9%. SQNM +6%. PSMT +6%. XCO +6%.
After-hours top losers: QUIK -9%. RT -9%. HAFC -7%. NKTR -7%. HALO -7%. 1 Comment [On the Move]
Wednesday, January 9, 4:06 PM Ruby Tuesday (RT): FQ2 EPS of -$0.07 misses by $0.01. Revenue of $304.2M (-1% Y/Y). (PR) Comment! [Earnings]
Wednesday, January 9, 6:50 AM Hedgeye says current employment trends show a potential deceleration of employment growth in the casual dining restaurant sector as compared to the broader economy. According to the firm, the data suggests a possible slowing of casual dining sales as a result. 5 Comments [Consumer]
Tuesday, December 4, 2012, 9:09 AM The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back? 12 Comments [Consumer, On the Move]
Monday, November 19, 2012, 9:46 AM Ruby Tuesday (RT +2.4%) hires JJ Buettgen away from Darden Restaurants (DRI +1.4%) to become its new CEO. The exec will fill the role immediately after serving at Darden as the Chief Marketing Officer. 1 Comment [Consumer]
Wednesday, October 31, 2012, 11:25 AM Fast-food restaurant operators such as Dunkin' Brands (DNKN +0.6%), Chipotle (CMG +0.1%), and McDonald's (MCD -0.1%)) could ride out Hurricane Sandy a bit better than some of the forecasts calling for a significant drop in Q4 sales, according to analysis from Miller Tabak. Lost revenue from the past week in affected areas could be offset by evacuation route stores picking up extra traffic and relief workers coming in with few dining options. Names to watch: Ruby Tuesday (RT +1.4%) with close to 44% of its outlets in the hurricane zone, Brinker International (EAT -1.2%) at 32.6%, Panera Bread (PNRA -1.6%) with 32.6%, and Cheesecake Factor (CAKE +0.3%) sitting at 28.2%. Comment! [Consumer, On the Move]