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
Source: Company report
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Contact Erin Dostal at [email protected].
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