Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, October 12, 2012

Article Excerpt

RUBY TUESDAY INC., $7.10, symbol RT on New York, reports that its revenue rose 0.8% in the three months ended September 4, 2012, to $332.9 million from $330.3 million a year earlier. Revenue rose even though the company closed 27 less-profitable restaurants. Same-restaurant sales rose 1.9%. Excluding one-time items, the company earned $0.05 a share in the latest quarter, unchanged from a year earlier. That matched the consensus estimate. The company owns 712 of its U.S. restaurants; franchisees operate 78 outlets in the U.S. and overseas. Ruby Tuesday has developed a number of new restaurant concepts, including Marlin & Ray’s seafood restaurants and Lime Fresh Mexican Grills. The company feels these new layouts will help it compete in certain towns and cities. It’s now building new restaurants under these banners and converting underperforming outlets. More importantly, Ruby Tuesday remains strongly committed to TV advertising, which is key to attracting customers in its market. The company now aims to advertise on local and cable TV…

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