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Ruby Tuesday Inc (RT.N)

RT.N on New York Stock Exchange

2.18USD
25 May 2017
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Latest Key Developments (Source: Significant Developments)

Ruby tuesday reports development agreement with Al Bairaq trading import & export
Tuesday, 2 May 2017 09:00am EDT 

May 2 (Reuters) - Ruby Tuesday Inc :Development agreement with Al Bairaq trading import & export to expand presence; franchise group to open five restaurants in Qatar over next five years.  Full Article

Ruby Tuesday appoints James Hyatt as president and chief executive officer
Thursday, 6 Apr 2017 04:15pm EDT 

Ruby Tuesday Inc - : Ruby Tuesday announces the appointment of James F. Hyatt as president and chief executive officer . Most recently, Hyatt served as chief executive officer of Church's Chicken .Lane Cardwell, interim president and chief executive officer, will remain a member of board of directors.  Full Article

Ruby Tuesday reports Q3 revenue $225.7 million
Thursday, 6 Apr 2017 04:15pm EDT 

Ruby Tuesday Inc : Ruby Tuesday, Inc. reports fiscal third quarter 2017 financial results . Q3 adjusted loss per share $0.06 . Q3 loss per share $0.33 . Q3 revenue $225.7 million . Ruby Tuesday Inc - Board of directors will consider all strategic alternatives including, but not limited to a potential sale or merger of company . Ruby Tuesday Inc - Has retained UBS as its financial advisor to assist in strategic alternatives process . Ruby Tuesday Inc - Qtrly same-restaurant sales declined 4.0% compared to a 3.1% decrease . Ruby Tuesday Inc - "Casual dining environment remains highly challenging" .Ruby Tuesday Inc - Is in contract process to sell 28 properties with average expected net proceeds of $40.4 million or approximately $1.4 million per location.  Full Article

Leon Capital Partners reports 9.5 pct stake in Ruby Tuesday as of March 15, 2017- sec filing
Friday, 24 Mar 2017 05:26pm EDT 

Leon Capital Partners LLC: Leon Capital Partners, Llc reports 9.5 percent stake in ruby Tuesday Inc as of March 15, 2017- sec filing . Leon Capital Partners Llc says purchased shares of Ruby Tuesday based on belief that shares, when purchased, were "undervalued" .Leon Capital Partners LLC says intend to engage in communications with management and board of Ruby Tuesday.  Full Article

Ruby Tuesday to explore strategic alternatives
Monday, 13 Mar 2017 04:05pm EDT 

Ruby Tuesday Inc : Ruby Tuesday, Inc. To explore strategic alternatives . Ruby Tuesday, Inc. To explore strategic alternatives . Ruby Tuesday Inc - has retained ubs as its financial advisor to assist in process . Ruby Tuesday Inc says board of directors will consider all strategic alternatives including, but not limited to a potential sale or merger of company . Ruby Tuesday Inc sees q3 total revenue, including franchise revenue, of approximately $225.7 million .Ruby Tuesday Inc says preliminary fiscal third quarter same restaurant sales declined approximately 4.0%.  Full Article

Ruby Tuesday entered into waiver relating to its four-year revolving credit agreement
Tuesday, 3 Jan 2017 07:25am EST 

Ruby Tuesday Inc : On Dec 31 co entered into waiver relating to its previously-disclosed four-year revolving credit agreement-sec filing . Ruby Tuesday - on dec 30, company entered into waiver relating to certain of its mortgage loan obligations with first tennessee bank - sec filing .Ruby Tuesday - senior credit facility waiver reduces amount co may borrow under senior credit facility to $16.1 million through January 31, 2017.  Full Article

Ruby Tuesday Reports Q4 & Fiscal Year 2016 results
Thursday, 11 Aug 2016 04:01pm EDT 

Ruby Tuesday Inc : Q4 revenue $279.3 million . Ruby Tuesday, Inc. Reports fourth quarter and fiscal year 2016 financial results . Q4 loss per share $0.46 . Sees FY 2017 adjusted earnings per share $0.05 to $0.09 . Qtrly same-restaurant sales declined 3.7% following a 1.7% decline in Q4 of prior fiscal year . Ruby Tuesday Inc qtrly adjusted net income was $6.3 million, or $0.10 per diluted share . Announced plans to streamline organization, improve financial profitability . During Q4, four corporate-owned Ruby Tuesday restaurants were closed and one was opened . 95 underperforming restaurant locations will cease operations by September 2016 . One domestic franchised Ruby Tuesday restaurant was closed in Q4 . Sees fiscal year 2017 same-restaurant sales of flat to up 2% for comparable fifty-two week period ending May 30, 2017 . Sees fiscal year 2017 capital expenditures ranging from $38 million to $42 million . Expect macro environment to remain challenging for some time; taking necessary steps to change trajectory of business . Fresh start initiative will be achieved through execution of several key strategies including an asset rationalization plan . Fresh start initiatives will be rolled out in phases across multiple markets throughout coming quarters . Estimates that it will incur $72 million to $81 million in pre-tax charges related to restaurant closures in FY 2017.  Full Article

Ruby Tuesday appoints Sue Briley as interim CFO
Monday, 6 Jun 2016 05:29pm EDT 

Ruby Tuesday Inc :Ruby Tuesday appoints Sue Briley as interim chief financial officer.  Full Article

Ruby Tuesday sells Lime Fresh Mexican Grill brand for $4.6 MLN
Wednesday, 1 Jun 2016 08:56pm EDT 

Ruby Tuesday Inc : Ruby Tuesday Inc. announces sale of Lime Fresh Mexican Grill brand . Sale of Lime Fresh Mexican Grill brand to Everfresh Endeavors for $4.6 million .Agreement includes intellectual property rights and franchising rights for Lime Fresh Mexican Grill.  Full Article

Ruby Tuesday sells Lime Fresh Mexican Grill brand for $4.6 MLN
Wednesday, 1 Jun 2016 06:00pm EDT 

Ruby Tuesday Inc : Ruby Tuesday Inc. announces sale of Lime Fresh Mexican Grill brand . Sale of Lime Fresh Mexican Grill brand to Everfresh Endeavors for $4.6 million .Agreement includes intellectual property rights and franchising rights for Lime Fresh Mexican Grill.  Full Article

More From Around the Web

BRIEF-Ruby tuesday reports development agreement with Al Bairaq trading import & export

* Development agreement with Al Bairaq trading import & export to expand presence; franchise group to open five restaurants in Qatar over next five years Source text for Eikon: Further company coverage: