- Ruby Tuesday (RT) The casual restaurant chain posted a loss in the quarter...analysts were looking for a nickel profit. But revenue beat forecasts. Ruby Tuesday points to the closure of some locations and the late date of Labor Day this year, which threw off comparisons to last year's quarterly report.
MARYVILLE, Tenn. (AP) _ Ruby Tuesday Inc. (RT) on Thursday reported a fiscal first-quarter loss of $4.2 million, after reporting a profit in the same period a year earlier.
The Maryville, Tennessee-based company said it had a loss of 7 cents per share. Losses, adjusted for one-time gains and costs, came to 3 cents per share.
The restaurant chain posted revenue of $279.5 million in the period.
Ruby Tuesday expects full-year earnings in the range of 12 cents to 17 cents per share.
Ruby Tuesday shares have fallen 3.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.60, a climb of 11 percent in the last 12 months.
No comments:
Post a Comment