Ruby Tuesday Reports Positive Same-Restaurant Sales of 4.2%

Share Button

Ruby Tuesday on North Carolina Highway 54 in D...Image via WikipediaHighlights for the second quarter of 2011 compared to the second quarter of 2010 include:

  • Positive same-restaurant sales of 4.2% at Company-owned Ruby Tuesday restaurants
  • Restaurant-level operating margin of 15.1%, compared to 13.7% for the prior year, an improvement of 140 basis points
  • Net income of $4.6 million, compared to prior-year net income of $0.4 million
  • Diluted earnings per share of $0.07, compared to diluted earnings per share of $0.01 for the prior year
  • Negotiated a new five-year, $320 million revolving credit facility with attractive pricing and flexibility, which closed on December 1st
  • Book debt to EBITDA ratio of 2.03 represents an improvement over the prior-year ratio of 2.57

Read More:

Enhanced by Zemanta

About the Author