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Ruby Tuesday Inc (RT.N)

RT.N on New York Stock Exchange

2.11USD
22 Sep 2017
Change (% chg)

$0.01 (+0.48%)
Prev Close
$2.10
Open
$2.08
Day's High
$2.11
Day's Low
$2.08
Volume
26,785
Avg. Vol
85,239
52-wk High
$3.67
52-wk Low
$1.70

Latest Key Developments (Source: Significant Developments)

Ruby Tuesday reports Q4 loss per share $0.14
Monday, 21 Aug 2017 04:15pm EDT 

Aug 21 (Reuters) - Ruby Tuesday Inc :Ruby Tuesday Inc reports fourth quarter and fiscal year 2017 financial results.Q4 adjusted earnings per share $0.06.Q4 loss per share $0.14.Q4 revenue $254.9 million.Q4 same restaurant sales fell 1.6 percent.Ruby Tuesday Inc - ‍Expects to achieve year-over-year improvement in restaurant level margins and EBITDA in fiscal 2018​.Ruby Tuesday Inc - ‍ In light of ongoing strategic review process, board has postponed 2017 annual meeting of shareholders to January 22, 2018​.Ruby Tuesday Inc - ‍As of August 21, 2017, strategic alternatives review process is ongoing​.  Full Article

Ruby Tuesday enters into credit agreement
Friday, 26 May 2017 05:12pm EDT 

May 26 (Reuters) - Ruby Tuesday Inc :Ruby tuesday inc - on may 26, 2017, co entered into a $20.0 million 364-day senior secured revolving credit agreement - sec filing.Ruby tuesday inc - among other things, new credit facility replaces prior credit facility, which was paid off in full on may 26, 2017.Ruby tuesday inc - new credit facility reduces permitted indebtedness under its senior notes from $350.0 million to $212.5 million.Ruby tuesday inc - new credit facility is effective as of may 26, 2017.Ruby tuesday inc - as of may 26, 2017, company has no amounts drawn under revolving loan commitment under senior credit facility.Ruby tuesday inc - as of may 26, 2017 co has $10.9 million drawn under standby letters of credit under new credit facility.  Full Article

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

BRIEF-Ruby Tuesday reports Q4 loss per share $0.14

* Ruby Tuesday Inc reports fourth quarter and fiscal year 2017 financial results