Ruby Tuesday reports $29M loss in 4Q

Ruby Tuesday reports $29M loss in 4Q

CEO says company is in transition period

Ruby Tuesday Inc. reported on Wednesday a net loss of $29 million during its fourth quarter ended June 4. The company is currently in a transition period, said chief executive James J. “JJ” Buettgen in a statement, as it jettisoned its non-core concepts earlier this year and vowed to refocus its efforts on reclaiming a space in the casual-dining segment.

NET INCOME

Result: -$29 million, or -49 cents per share
% Decrease: 401% (from -$5.8 million, or -9 cents per share)

REVENUE

Result: $316.1 million
% Decrease: 11.7% (from $357.9 million)

SAME-STORE SALES

% Decrease: 3.1% at company-owned units,
5.1% at domestic franchised units

Source: Company report

RELATED:
Ruby Tuesday names new president, COO
Ruby Tuesday to focus on casual after 'disappointing' 3Q
Same-store sales at NRN.com

Contact Erin Dostal at erin.dostal@penton.com.
Follow her on Twitter: @erindostal

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