Ruby Tuesday Reports Q4 Profit From Cont. Ops. - Quick Facts

(RTTNews) - Ruby Tuesday, Inc. (RT) reported fourth-quarter net income from continuing operations of $4.3 million, or $0.07 per share, compared to a loss from continuing operations of $881 thousand or $0.01 per share, prior year. Adjusted net income from continuing operations was $7.2 million, or $0.12 per share, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $296.8 million compared to $307.3 million last year, a decrease of 3.4%, primarily due to a net reduction of 10 company-owned Ruby Tuesday restaurants compared to the fourth quarter last year and a same-restaurant sales decline of 1.7% at company-owned Ruby Tuesday restaurants. Analysts expected revenue of $302.18 million for the quarter.

For fiscal 2016, Ruby Tuesday estimates adjusted EPS to range from $0.12 to $0.17. Same-restaurant sales are expected to be in the range of flat to up 2%. Analysts expect the company to report earnings per share of $0.07.