Ruby Tuesday (RT) Misses Q2 EPS by 14c
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Ruby Tuesday, Inc. Reports Fiscal Second Quarter 2017 Financial Results
January 5, 2017 4:15 PM UTCProvides Strategic Updates on Fresh Start Initiatives
MARYVILLE, TN--(BUSINESS WIRE)-- Ruby Tuesday, Inc. (NYSE: RT) today announced financial results for the fiscal quarter ended November 29, 2016.
Fiscal Second Quarter 2017 Highlights (13 weeks ended November 29, 2016, compared to the 13 weeks ended December 1, 2015):
Total revenue declined 17.7% to $214.7 million, which included a net reduction of 109 Company-owned Ruby Tuesday restaurants compared to the second quarter of the prior fiscal year, including 95 restaurants closed in connection with our Fresh Start Initiative announced on August 11, 2016. Same-restaurant sales declined 4.1% compared... More