Ruby Tuesday Affirms Guidance
Same-store sales for the fourth quarter rise 2.9% in company-owned restaurants.
Restaurant operator
Ruby Tuesday
(RI)
reaffirmed its fourth-quarter earnings guidance of 50 cents to 52 cents a share, a bottom line that would be up 25% to 30% from the previous year.
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Analysts surveyed by Thomson First Call are expecting earnings of 51 cents a share.
Ruby Tuesday also said its same-store sales for the fourth quarter rose 2.9% in company-owned restaurants and surged 7.1% in domestic franchise restaurants. This year's fourth quarter contains 14 weeks, as compared with 13 weeks in the previous year.
Shares of Ruby Tuesday were at $24.97, down 63 cents, or 2.5% Wednesday.
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