Free Historical Stock Data on Ruby Tuesday
Stock Symbol: RI
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Business Description
Ruby Tuesday, Inc. owns and operates Ruby Tuesday casual dining restaurants and franchises the Ruby Tuesday concept in selected domestic and international markets. The Company owns and operates the Ruby Tuesday concept in the bar and grill segment of casual dining. It also offers franchises for the Ruby Tuesday concept in domestic and international markets. As of he fiscal year ended June 1, 2004 (fiscal 2004), the Company owned and operated 484 casual dining restaurants located in 26 states and the District of Columbia. During fiscal 2004, the franchise partnerships operated 209 restaurants located in 18 states and traditional franchisees operated seven domestic and 36 international restaurants. As of June 1, 2004, there were 252 franchise restaurants, including 209 operated by franchise partnerships.
Financial Information
For the 13 weeks ended 8/31/04, revenues increased 7% to $267.5 million. Net income increased 19% to $29.3M. Revenues reflect the addition of units and an increase in average unit volumes. Net income also reflects a decrease in restaurant operating costs as a percentage of revenues.
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