Ruby Tuesday Reports a Lousy Quarter

Ruby Tuesday (NYSE: RT), the struggling casual sit-down restaurant chain, has not managed to turn its business around. The company, which has closed locations and replaced its CEO, saw further declines in the first quarter of its fiscal 2017. Revenue for the 13-week period fell by 8.2% to $256.7 million, a decline driven largely by the chain having 109 fewer company-owned locations than it did during the same period a year ago. …read more

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Category: RT

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