Ruby Tuesday, Inc. (NYSE:RT) casual-dining chain reported financial results for fiscal first quarter.
Earnings dropped 16% as the company was hurt by chief executive-search costs; however same-store sales posted the company's first upsurge in nearly two years. Company shares dropped after hours by 7.3% to $6.51 as earnings missed market expectations.
Net income for the first quarter remained $2.6 million or net income of $2.9 million without transition expenses of CEO mainly related to search fees.
Ruby Tuesday, Inc. (NYSE:RT) traded with volume of 1,383,200 shares in last session which was unexpectedly higher versus average trading capacity of 313,053.00 shares. The stock traded with opening bell at $6.86, gained the maximum price level of $7.09 and then finished the day at $7.06 by scoring +0.57%.
Ruby Tuesday, Inc. remained successful in generating revenue of $1.33 billion in the trailing twelve months and made net income of -$0.19 million. The Company maintained a negative -0.01% for the net profit margin and in its operating margin it scored -1.13%. Company’s yearly revenue change for the last five years was -1.23%.
The RT’s price to sales ratio is 0.34 and price to cash ratio is 9.37 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as -0.02%.
The stock showed downbeat performance of -2.22% for the week which was maintained for the month at -0.42%. Likewise the negative performance for the trailing 3 months was recorded as -2.49% and in last year was -9.60% while the performance so far in current year remains at +2.32%.
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