Ruby Tuesday (RT) Q1 Earnings Preview: What's In Store?
Zacks Investment Research | Oct 03, 2016 09:54PM ET
TN-based casual dining foodservice retailer, Ruby Tuesday, Inc. (NYSE:RT) is scheduled to report its first-quarter fiscal 2017 figures on Oct 6, after market closes.
Let’s see how things are shaping up for this announcement.
Factors Likely to Influence this Quarter
The company recently announced preliminary results for first-quarter fiscal 2017. Ruby Tuesday expects adjusted loss in the range of 10 cents to 12 cents per share. Meanwhile, total revenue, including franchise revenue, is projected to come around $256.7 million. On the other hand, comps are anticipated to be down roughly 2.7% in the to-be-reported quarter.
The company has an Earnings ESP of 0.00% and the Zacks Consensus Estimate for the quarter is pegged at a loss of 11 cents per share. Notably, the company reported a loss of 3 cents per share in the year-ago quarter.
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