Get Stock Quote Here Ruby Tuesday Inc. (RT) is an American multinational food service retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall, III. The corporation was formed in 1996 as a reincorporation of Morrison Restaurants Inc. They are headquartered in Maryville, Tennessee, and operate 755 locations worldwide between their various concepts. Their flagship brand is an American cuisine casual dining restaurant chain that is primarily located along the eastern coast of the United States. The company also owns Lime Fresh Mexican Grill. The company has closed all locations of Wok Hay and Marlin and Ray's. Additionally, they hold development rights to Truffles Grill. On June 6, 2012, founder and long-time CEO Sandy Beall announced he would be leaving the company.
Ruby Tuesday, Inc. (RT) Stock Tanks on Earnings Miss RT missed EPS and revenue estimates Ruby Tuesday, Inc. (RT) stock fell hard on Tuesday following its fiscal Q3 2016 earnings report. Ruby Tuesday reported earnings per share of 3 cents for its third quarter of 2016. This is the same as it reported during the year prior, but it failed to meet analysts’ estimate of 5 cents per share. Revenue reported by Ruby Tuesday during Q3 2016 was $271.5 million, which is down roughly 5% from the third quarter of 2015. It also didn’t match up with the $284.1 million that Wall Street was expecting from the company. Ruby Tuesday also updated its fiscal 2016 EPS to between 5 cents and 8 cents. It’s previous expectation had EPS ranging from 12 cents to 17 cents. Analysts are expecting EPS of 12 cents for fiscal 2016. RT stock was down 12% as of Noon Friday. LINK - http://investorplace.com/2016/04/ruby-tuesday-rt-stock/#.VwkvkvkrIdV
Restaurant chain Ruby Tuesday ($RT) reported an adjusted third quarter loss compared to a year-ago profit and announced the appointment of James F. Hyatt, II as President and Chief Executive Officer.
