Ruby Tuesday (RT) Misses Q3 EPS by 2c; Cuts FY16 EPS Outlook

Ruby Tuesday (NYSE: RT) reported Q3 EPS of $0.03, $0.02 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $271.5 million versus the consensus estimate of $284.14 million.

Same-restaurant sales decreased 3.1%, which included a 140 basis point negative impact due to temporary store closures resulting from severe winter weather, compared to a 0.3% decline in the third quarter of the prior fiscal year.

GUIDANCE:

Ruby Tuesday sees FY2016 EPS of $0.05-$0.08, versus prior guidance of $0.12-$0.17 and the consensus of $0.12.

For earnings history and earnings-related data on Ruby Tuesday (RT) click here.

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