Ruby Tuesday's Q4 Doesn't Change The Core Problem [Seeking Alpha]
RUBY TUESDAY (RT)
US:NYSE Investor Relations:
rubytuesday.com/investors/ir-home
Company Research
Source: Seeking Alpha
Summary I've argued for several quarters now that the problem with Ruby Tuesday ( RT ) is that the numbers just don't work . The operating business is in a multi-year decline. The real estate is supposed to support the current share value, if not some upside, but that case has been made for so long that even I argued for it on this site nearly five years ago. The Q4 report from Ruby Tuesday, which has sent shares 13% higher as of this writing, doesn't do enough to change the core problems here. An adjusted profit in the quarter was a nice win for Ruby Tuesday. But the report still shows a business in the midst of a multi-year decline. Discussion on the Q4 conference call of new initiatives and a promise to increase margins and profitability in FY18 sound like "deja vu all over again" for a company that has unveiled multiple turnaround strategies, none of which have made a dent. A strategic alternatives process continues, and it only takes one bidder/buyer for the
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