Ruby Tuesday Inc. reported on Wednesday a net loss of $29 million during its fourth quarter ended June 4. The company is currently in a transition period, said chief executive James J. “JJ” Buettgen in a statement, as it jettisoned its non-core concepts earlier this year and vowed to refocus its efforts on reclaiming a space in the casual-dining segment.
NET INCOME Result: -$29 million, or -49 cents per share % Decrease: 401% (from -$5.8 million, or -9 cents per share)
REVENUE Result: $316.1 million % Decrease: 11.7% (from $357.9 million)
SAME-STORE SALES % Decrease: 3.1% at company-owned units,
5.1% at domestic franchised units
• Ruby Tuesday names new president, COO
• Ruby Tuesday to focus on casual after 'disappointing' 3Q
• Same-store sales at NRN.com
Contact Erin Dostal at email@example.com.
Follow her on Twitter: @erindostal