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Ruby Tuesday, Inc. Message Board

  • mnicol1987 mnicol1987 Mar 13, 2011 11:51 AM Flag

    What happened in 2007?

    Hi all, I just opened up a portfolio recently and have started looking into food/restaurant stocks. Quite a few restaurant stocks, RT included, seem to have had a pretty significant dip in early/mid 2007, RT included. What happened back then that led to this sharp decline? Did the price of food dramatically increase or something, cutting into revenue?

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    • us10yrtreasury@rocketmail.com us10yrtreasury Apr 6, 2011 11:06 AM Flag

      Sales were a problem because operations were not living up to expectations. Even though the company was focusing on staffing their restaurants, they had poor training practices due to the crunch they put on labor. Service had become similar to their competitors and they could not distinguish themselves. Ruby Tuesday's revenue was already dropping long before the financial crisis that hit a year later. Reducing their benefits package and not compensating very well to make profit did not help establish a dream team either.

    • You've got to be crazy to invest in anything that is consumer dependent. Look at the headlines today, food prices up most since 1974...I guess you just want to throw away your money.

 
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