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Ruby Tuesday, Inc. (RT)

Summary

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Business Description

Ruby Tuesday, Inc., headquartered in Maryville, Tennessee, develops, franchises, and operates casual dining restaurants under the Ruby Tuesday brand. Currently, the chain consists of ~875 stores in 40 states, with approximately 650 of those owned and operated by the company. The recent recession helped create a significant decline in per store sales and cash flow in recent years. Management responded by closing ~10% of the system's units and undertaking a more price promotional repositioning effort along with reduced operating and overhead costs. Per-store sales stabilized during FY10, creating strong free cash flow for debt reduction.
http://www.rubytuesday.com/

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