RISE - Menu Monitor

Technology |
Ruby Tuesday is launching an ultra-secure credit card processing system that will not leave credit card information with the
restaurant. The company is introducing this technology in an effort to protect customers paying with a debit or credit card. The
chain expects the new system to be installed at all of its 900 restaurants this spring. In related news, Ruby Tuesday also is
developing a credit card system to speed up its curbside takeout. The chain is working on a portable credit card machine that
employees can bring with them to swipe customers’ cards at the car. The company plans to roll out the devices systemwide
next year. (USAToday.com 3/05/07; NRN Daily NewsFax 3/07/07; Company Release 3/05/07; KnoxNews 2/28/07)
Personnel |
Sandy Beall, CEO/President/Chairman
Cindy Monzo, Purchasing Director
Margie Duffy, CFO
Kimberly Grant, E.V.P. of Operations
Kurt Juergens, V.P. of Development
Ruby Tuesday Inc. promoted Kimberly Grant to Executive Vice President. Previously, Grant served as Senior Vice President
of Operations for the company. Grant will direct the operations of more than 650 company-owned Ruby Tuesday locations
across the U.S. (Company Release 4/24/07)
News & Other |
Ruby Tuesday Inc. reported for the second quarter ended December 5 net earnings declined 4% to $16.7 million from $17.4
million for the same period last year. Revenues increased 14.2% to $336.8 million from $295 million. Same-store sales fell
0.2%. (Company Release 1/9/07)
Ruby Tuesday is slowing down its expansion efforts and revamping unit décor in an effort to upscale its concept. Over the next
five years, the chain will gradually slow expansion to 30 new stores annually. In 2007, Ruby Tuesday expects to open 45-50
company-owned units and 25-30 franchised outlets. Ruby Tuesday is also converting at least 50 stores from its bar-and-grill
format to a new dinnerhouse look. To date, the company has remodeled five restaurants and built one featuring the new look.
Ruby Tuesday also plans to upgrade its drink menu and add fresher, organic food as well as improve customer service.
(GlobeSt.com 1/10/07)
Ruby Tuesday Inc. reported for the third quarter ended March 6 net earnings fell 5% to $28.7 million from $30.2 million for the
same period last year. Revenues increased 11.6% to $378 million from $339 million. Same-store sales decreased 1% and
rose 1.8% at company-owned and domestic franchise restaurants. (Company Release 4/11/07)
Ruby Tuesday Inc. reported that for the fourth quarter ended June 5 net earnings fell 22% to $24.7 million from $31.7 million
for the same period last year. Revenues decreased 2.1% to $356.8 million from $364.3 million. Same-store sales declined
3.9% at company-owned locations and 2.1% at domestic franchises. For the year ended June 5, net earnings declined 8.3% to
$91.7 million from $100.1 million for 2006. Revenues increased 8.0% to $1.4 billion from $1.3 billion. (Company Release
7/11/07)
Ruby Tuesday Inc. reported that for the first quarter ended September 4, same-store sales at company-owned stores declined
4.8%. Same-store sales at domestic franchised restaurants fell 2.9%. (Restaurantnewsresource.com 9/21/07)
Ruby Tuesday Inc. purchased majority ownership of Wok Hay Fresh Asian Diner, a single-unit, fast-casual concept in
Knoxville, TN, for $1 million. The company currently has no plans to expand the concept, but will spend $250,000 to remodel it
into a full-service format. (NRN Daily NewsFax 10/12/07)
Ruby Tuesday Director James Haslam III bought 47,370 shares of stock on October 12 for $15.72–$16.12 per share.
(Associated Press 10/17/07)
Ruby Tuesday is shifting focus to remodels instead of developing new units. All company-owned units and some franchised
units are slated for remodeling as the company continues its rebranding process. The remodels aim to present a more upscale
look, says Sandy Beall, founder and CEO. Units that have already been remodeled have seen traffic increases. As the chain
focuses on remodeling existing restaurants, new company-owned units will decrease this year to between 20 and 25, down
from 65 last year. (globest.com 10/16/07)
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