Restaurant Stocks to Sell – Ruby Tuesday (RT)
I have been in a Ruby Tuesday (RT) three times in my life. Based on those three experience, I am not shocked that the company is losing money or that investors are dumping the stock following the recent earnings release. Ruby Tuesday lost less money this year in the second quarter than it did back in 2013, but that’s not much to get excited about considering revenues shrank by 6.6% while same-store revenues were down by 5.3%.
Rather than expanding, the chain is closing locations to get control of costs and profit margins. There is nothing special about this chain, and I see no reason to own RT stock right now.