Ruby Tuesday (RT) Reports Q1 Loss of $0.11/Share; Updates on Fresh Start Initiatives
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Ruby Tuesday, Inc. Reports Fiscal First Quarter 2017 Financial Results
October 6, 2016 4:15 PM EDTProvides Updates on Fresh Start Initiatives and Fiscal 2017 Outlook
MARYVILLE, TN--(BUSINESS WIRE)-- Ruby Tuesday, Inc. (NYSE: RT) today announced financial results for the fiscal quarter ended August 30, 2016.
Fiscal First Quarter 2017 Highlights (13 weeks ended August 30, 2016, compared to the 13 weeks ended September 1, 2015):
Total revenue declined 8.2% to $256.7 million, which included a net reduction of 109 Company-owned Ruby Tuesday restaurants compared to the first quarter of the prior fiscal year, including 95 restaurants closed in the current quarter in connection with our previously-announced Fresh Start Initiative. Same-restaurant... More