Ruby Tuesday’s net plunges to a loss in 2nd Q

MARYVILLE Tenn. Ruby Tuesday Inc. reported on Thursday that it expects a net loss in its second quarter ended Dec. 4 as slumping sales and remodeling costs took a toll on the casual-dining company.

Preliminary results indicate that the company will post a per-share loss of between 18 cents and 21 cents, compared with a per-share profit of 28 cents in the year-ago second quarter.

Same-store store sales for the latest quarter fell 10.8 percent at corp

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