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Ruby Tuesday, Inc. Message Board

  • bluecheese4u bluecheese4u Oct 10, 2012 4:48 PM Flag

    Ruby Tuesday Reports First Quarter Fiscal 2013 Results

    Ruby Tuesday Reports First Quarter Fiscal 2013 Results

    Positive Same-Restaurant Sales of 1.9%
    Restaurant-Level Operating Margin Improvement of 400 Basis Points

    MARYVILLE, Tenn.--(BUSINESS WIRE)--Oct. 10, 2012-- Ruby Tuesday, Inc. (NYSE: RT) today reported financial results for the fiscal first quarter ended September 4, 2012.

    Results for first quarter 2013 compared to first quarter 2012 include:
    Same-restaurant sales increased 1.9% at Company-owned Ruby Tuesday restaurants
    Restaurant-level operating margin of 19.7%, compared to 15.7% for the prior year, an improvement of 400 basis points primarily driven by our restaurant-level margin cost savings. These savings, in addition to lower coupon expense, are largely funding our television marketing programs.
    Net income of $2.6 million, or net income of $2.9 million excluding CEO transition expenses primarily related to search fees. This compares to prior-year net income of $3.1 million.

    rt

 
RT
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