Ruby Tuesday

(RI)

on Wednesday said that revenue rose almost 10% year over year and issued downside guidance for the next quarter.

The restaurant chain in the first quarter earned 37 cents a share, or $21.55 million, a penny better than what analysts were looking for, on revenue of $338.7 million. Consensus estimates called for sales of $337.9 million.

In the same quarter last year, Ruby earned $21.64 million, or 34 cents a share, on revenue of $308.2 million.

Same-store sales for the five-week September period were off 0.5%, but up 4.4% at co-owned and domestic franchise restaurants respectively, the company said.

Excluding charges, Ruby posted a profit of 39 cents a share.

The Tennessee-based company said that EPS for the coming quarter would range from 27 cents to 29 cents, lower than Street estimates of 30 cents a share.

For the full year, Ruby sees a profit of $1.70 to $1.75, on the low side of consensus of $1.71.

Company-owned and/or franchised Ruby Tuesday brand restaurants operate in 42 states, Washington, DC, Puerto Rico, and in 13 foreign countries.

Shares of the restaurant were off $1.09 in recent after-hours trade to $27.80.