Ruby Tuesday swings to loss in 3Q

Ruby Tuesday swings to loss in 3Q

Company closed two dozen restaurants during the quarter

Ruby Tuesday Inc. swung to a loss for the third quarter ended March 4 as revenue fell 3.8 percent with the closure of two dozen restaurants in the period, the company reported Tuesday.

The Maryville, Tenn.-based casual-dining operator reported a loss of $7.4 million, or 12 cents per share, from a profit of $2.2 million, or 4 cents a share, in the same quarter last year. Revenue fell to $295.6 million, from $307.4 million in last year’s quarter, with a reduction of 30 company-own

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish