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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 over 875 stores in 40 states, with ~650 of those owned and operated by the company. In recent years and quarters, the chain has seen a significant decline in per store sales and cash flow. Expansion has ended and management has undertaken a more price promotional repositioning effort and reduced operating and overhead costs. In more recent quarters this has allowed the company to begin to generate material free cash flow for debt repayment.
http://www.rubytuesday.com/

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