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RT

Ruby Tuesday

$2.51

0.04 (1.62%)

16:21
10/06/16
10/06
16:21
10/06/16
16:21

Ruby Tuesday to discontinue providing guidance

Ruby Tuesday plans to accelerate the execution of its Fresh Start Initiatives under new leadership to better address the challenges currently facing the business, and as a result is discontinuing providing guidance so that it can focus on long-term strategic objectives. Interim president and CEO Lane Cardwell said, "We are embarking on a period of accelerated strategic change for Ruby Tuesday, and we believe that with a thoughtful but decisive approach, we can deliver improved profitability and enhance shareholder value. We are excited about the new products coming to market this fiscal year including our new menu in November, the relaunch of successful promotions, and the roll out of the enhanced Garden Bar system-wide in January. I am confident that these strategies coupled with our service improvements will bring same-restaurant sales back into positive territory in fiscal 2017."

  • 06

    Oct

RT Ruby Tuesday
$2.51

0.04 (1.62%)

12/08/15
TIGR
12/08/15
DOWNGRADE
TIGR
Underperform
Ruby Tuesday downgraded to Underperform from Neutral at Tigress Financial
02/18/16
SIDC
02/18/16
INITIATION
Target $6
SIDC
Neutral
Ruby Tuesday initiated with a Neutral at Sidoti
Target $6.
07/08/16
ADAM
07/08/16
NO CHANGE
ADAM
Casual dining checks point to significant deceleration in June, says Canaccord
Canaccord analyst Lynne Collier said the firm's checks indicate a material decline in sales and traffic trends in casual dining restaurants was seen in June. Among the reasons for the slowdown, Collier points to the reversal in gasoline prices, consumers eating at home and the uncertain political environment. The analyst projects same-store sales for the casual dining segment will decline 2%-2.5% in June. Publicly traded companies that own casual dining brands include Darden (DRI), Ruby Tuesday (RT), Bloomin' Brands (BLMN), DineEquity (DIN), Denny's (DENN), Brinker (EAT) and Buffalo Wild Wings (BWLD).

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MDLZ

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CARB

Carbonite

$21.70

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JMBA

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CHFC

Chemical Financial

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AMZN

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AA

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PG

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