Ruby Tuesday (RT) Misses Street's Q1 Views; Guides FY09 EPS Below the Street
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Ruby Tuesday (NYSE: RT) reports Q1 EPS of $0.01, versus the analyst estimate of $0.11. Revenues for the quarter were $324 million, versus the consensus of $329.81 million.
Same store sales for the quarter fell 10.8% at company-owned restaurants and 7.9% at domestic franchises.
Sees FY09 EPS in the range of $0.30-$0.35, versus the consensus of $0.54. Comps for the year are expected to fall at a rate in the mid-single digits.
Ruby Tuesday, Inc., together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants under the Ruby Tuesday brand name in the United States and internationally.
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