Ruby Tuesday Reports Q2 2013 Results

Restaurant chain Ruby Tuesday (NYSE: RT  ) has released its Q2 2013 results. In an official statement, the company said its total revenue came in at $304 million, down 1% on a year-over-year basis. Net loss amounted to $15 million, or $0.07 per share, against Q2 2012's $2 million.

Same-restaurant sales, meanwhile, advanced slightly over that one-year period by 0.3%.

The results were slightly worse than expected. Analysts had been expecting a net loss of $0.06 and for same-restaurant sales to grow by 1%.

For the full 2013 fiscal year, the company anticipates that same-restaurant sales will be flat on a year-over-year basis. It also counts on opening 12 to 14 restaurants, many of which will be located abroad. It is to close four or five during the fiscal year.

Ruby Tuesday also announced that its board authorized the expansion of its share repurchase program by 10 million shares, bringing the total to 12.7 million.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2188252, ~/Articles/ArticleHandler.aspx, 10/24/2014 6:34:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement