ruby tuesday inc (RT) Key Developments
Ruby Tuesday Opens New Restaurant in Randallstown
Oct 20 14
Ruby Tuesday has opened its American casual dining restaurant in Randallstown. The national chain built the free-standing 175-seat restaurant at Brenbrook Plaza, at Liberty and Brenbrook Roads in the center of the Liberty Road Commercial Revitalization District. The restaurant features an open kitchen, a community table and bar service.
Ruby Tuesday, Inc. Plan to Open One Restaurant During 2014; Plan to Close 10 to 13 Restaurants
Oct 8 14
Ruby Tuesday, Inc. plan to open one restaurant during 2014 and rebuild one.
The company plan to close 10 to 13 company-owned Ruby Tuesday restaurants.
Ruby Tuesday, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 2, 2014; Provides Same-Restaurant Sales Guidance for the Second Quarter of 2014 and Earnings Guidance for the Fiscal Year 2014
Oct 8 14
Ruby Tuesday, Inc. reported unaudited consolidated earnings results for the first quarter ended September 2, 2014. For the quarter, the company’s total revenue was $281,182,000 compared with $289,674,000 a year ago, reflecting the closing of 38 underperforming restaurants since the first quarter of the prior year, offset by a 1.1% same-restaurant sales increase. Earnings from operations were $5,353,000 compared with loss from operations of $19,788,000 a year ago. Pre-tax loss from continuing operations was $69,000 compared with $27,052,000 a year ago. Net income from continuing operations was $2,565,000 compared with net loss from continuing operations of $21,899,000 a year ago. Net income was $2,565,000 compared with net loss of $22,242,000 a year ago. Diluted net income per share were $0.04 compared with diluted net loss per share were $0.37 a year ago. Income from continuing operations per diluted share were $0.04 compared with loss from continuing operations per diluted share of $0.36 a year ago. Net loss from continuing operations excluding special items was $609,000 against $20,189,000 a year ago. Diluted loss per share from continuing operations excluding special items was $0.01 against $0.34 a year ago.
The company provided same-restaurant sales guidance for the second quarter and earnings guidance for the fiscal year 2014. For the fiscal year 2014, the company announced that capital expenditures estimated to be $28 to $32 million for the year. The company estimates same-restaurant sales for the second quarter and the year to be up 1% to 2%. The guidance for the year is revised from prior guidance of flat to up 2%.
Ruby Tuesday Closes South Illinois Avenue Site
Oct 2 14
Ruby Tuesday, one of several restaurants on South Illinois Avenue, abruptly shut down September 30, 2014 night, with signs on doors informing would-be patrons of the closure and directing them to the Ruby Tuesday restaurants in Lenoir City and West Knoxville. The company for months has struggled with revenue declines and is involved in a turnaround effort.
Ruby Tuesday, Inc. to Report Q1, 2015 Results on Oct 08, 2014
Sep 29 14
Ruby Tuesday, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Oct 08, 2014