RUBY TUESDAY, INC. (NYSE:RT) Files An 8-K Results of Operations and Financial Condition
Item 2.02
|
Results of Operations and Financial Condition |
On March 13, 2017, Ruby Tuesday, Inc., a Georgia corporation,
(the Company), issued a press release announcing that the
Companys Board of Directors is exploring strategic alternatives
in order to maximize shareholder value and position the business
for long-term success. The Company announced that it has retained
UBS as its financial advisor to assist in its evaluation. The
Company further stated that it is in the beginning stage of the
strategic and financial review, and no assurance can be given as
to its outcome or timing. The Company does not intend to make any
further public comment regarding the review until it has been
completed.
Additionally, the Company announced preliminary financial results
for the fiscal third quarter ended February 28, 2017.A copy of
the press release is attached hereto as Exhibit 99.1
| Item 7.01 | Regulation FD Disclosure |
The information set forth under Item 2.02 above is incorporated
by reference into this Item 7.01.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 |
Press Release dated March 13, 2017 (this press release is being furnished to Item 2.02 and Item 7.01 of Form 8-K). |
About RUBY TUESDAY, INC. (NYSE:RT)
Ruby Tuesday, Inc. owns and operates Ruby Tuesday casual dining and Lime Fresh Mexican Grill (Lime Fresh) casual restaurants. The Company also franchises the Ruby Tuesday concept in selected domestic and international markets, and the Lime Fresh concept in selected domestic markets. Its segments include Ruby Tuesday concept and Lime Fresh concept. As of March 1, 2016, the Company operated 729 Ruby Tuesday restaurants in 44 states, 13 foreign countries, and Guam, and there were 16 Lime Fresh restaurants in two states. Of those restaurants, it owned and operated approximately 649 Ruby Tuesday restaurants and franchised over 80 Ruby Tuesday restaurants, which consisted of 28 domestic and 52 international restaurants. It also owned and operated over eight Lime Fresh restaurants and franchised eight Lime Fresh domestic restaurants. The Company’s corporate-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic and Midwest of the United States. RUBY TUESDAY, INC. (NYSE:RT) Recent Trading Information
RUBY TUESDAY, INC. (NYSE:RT) closed its last trading session down -0.01 at 1.74 with 342,026 shares trading hands.