| Ruby Tuesday
Earnings Call |
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Ruby Tuesday Earnings Call, Fourth Quarter 2008
14th July 2008 00:00 AM |
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| The firm has focused on four brand strategies; uncompromising freshness and quality, gracious hospitality, five-star facilities and compelling value. |
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| The restaurateur reported a 44% drop in net income from $24.7 million or 46 cents a share in 2007 to $13.9 million or 27 cents a share driven by higher costs and revenues falling 4.3% to $341 million. Ruby Tuesday just completed the repositioning and remodeling program, completely transformed more than 650 Company-owned Ruby Tuesday''s to a look that is more relevant to today''s guests and clearly differentiates Ruby Tuesday from other bar-grill competitors. |
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Ruby Tuesday Third Quarter Earnings Call
14th April 2008 00:00 AM |
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| EPS was 23 cents versus 49 cents in last year and the EPS impact of costs with the remodel initiative in the quarter was 6 cents. |
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| The restaurant operator recorded slower third quarter same-restaurant sales down 12.7% while same-store restaurant sales at domestic franchise decreased 12% compared with 1% decrease and 1.8% increase at company owned and domestic franchise restaurants respectively in Q3 last year. The management estimates the quarter was negatively impacted by about 0.6% and 0.8% at company owned and domestic franchise restaurants respectively due to heavier winter weather than in the same period last year. |
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Ruby Tuesday Second Quarter Earnings Call
17th January 2008 00:00 AM |
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| The $5.6 million costs related to remodel initiative pushed the company to a loss of $10.4 million versus an income of $16.7 million in prior year. |
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| The operator of causal dining restaurant chain reported revenue of $320.9 million, down 4.7% over the prior year, on 10.8% decline in company owned same store sales and 8.7% decline in same store sales of domestic franchisees. The cost associated with the remodel initiative of Ruby Tuesday reduced the earnings per share by 7 cents. For fiscal 2008, the company assumes the same-restaurant sales to be down 6% to 8.5% and expects EPS to be in the range of 40 cents to 60 cents. |
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Ruby Tuesday First Quarter Earnings Call
12th October 2007 00:00 AM |
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| Hit by the remodeling costs, the net income fell to $11.1 million or 21 cents a share versus $21.6 million or 37 cents per share in prior year. |
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| The causal dining restaurant chain reported revenue of $346.8 million, up 2.4% over the prior year quarter. The quarterly earnings include 5 cents impact related to the remodel initiative of the firm. Considering the tough sales environment, Ruby Tuesday is focusing on offering a compelling value proposition to customers and is increasing its advertising and promotion campaigns. For the Q2, the firm is targeting EPS of 1 cent to 3 cents, based on same-restaurant sales of down 6% to 8%. |
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