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Ruby Tuesday Inc. Reports Operating Results (10-Q)

Jan 06, 2012 | About:
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Ruby Tuesday Inc. (RT) filed Quarterly Report for the period ended 2011-11-29.

Ruby Tuesday Inc. has a market cap of $449.6 million; its shares were traded at around $7.06 with a P/E ratio of 11.5 and P/S ratio of 0.4.


This is the annual revenues and earnings per share of RT over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RT.


Highlight of Business Operations:

Payroll and related costs increased $8.0 million (8.0%) to $107.8 million for the 13 weeks ended November 29, 2011, as compared to the corresponding period in the prior year. As a percentage of restaurant sales and operating revenue, payroll and related costs increased from 34.5% to 35.2%. Excluding the $11.7 million increase from the 109 restaurants acquired in fiscal 2011, payroll and related costs decreased $3.7 million.

Payroll and related costs increased $20.8 million (10.4%) to $220.8 million for the 26 weeks ended November 29, 2011, as compared to the corresponding period in the prior year. As a percentage of restaurant sales and operating revenue, payroll and related costs increased from 33.9% to 34.8%. Excluding the $26.6 million increase from the 109 restaurants acquired in fiscal 2011, payroll and related costs decreased $5.8 million.

Other restaurant operating costs increased $4.3 million (7.0%) to $65.4 million for the 13-week period ended November 29, 2011, as compared to the corresponding period in the prior year. As a percentage of restaurant sales and operating revenue, these costs increased from 21.2% to 21.4%. Excluding the $6.6 million increase from the 109 restaurants acquired in fiscal 2011, other restaurant operating costs decreased $2.3 million.

Other restaurant operating costs increased $13.3 million (11.0%) to $134.1 million for the 26-week period ended November 29, 2011, as compared to the corresponding period in the prior year. As a percentage of restaurant sales and operating revenue, these costs increased from 20.5% to 21.1%. Excluding the $15.7 million increase from the 109 restaurants acquired in fiscal 2011, other restaurant operating costs decreased $2.4 million.

Depreciation expense increased $2.0 million (6.4%) to $32.7 million for the 26-week period ended November 29, 2011, as compared to the corresponding period in the prior year. As a percentage of restaurant sales and operating revenue, this expense decreased from 5.2% to 5.1%. Excluding the $3.5 million increase from the 109 restaurants acquired in fiscal 2011, depreciation expense decreased $1.5 million.

Read the The complete Report

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