Struggling casual dining chain Ruby Tuesday is being purchased by private equity group NRD Capital in a deal valued at $146 million.The price, at $2.40 per share, is a 37 percent premium over Ruby Tuesday’s closing share price on March 13, the day before the company said it would explore strategic alternatives.
Ruby Tuesday announced that the company has signed a development agreement with Al Bairaq Trading Import & Export Co. W.L.L. to expand the brand’s presence into Qatar. The Qatari-based franchise group, owned and operated by Alaa Subhi Abbas, will open five restaurants in Qatar over the next five years.
After another quarter of declining sales and traffic, Ruby Tuesday is turning to a new president and CEO while focusing on its garden bar offerings in an attempt to turn the brand around.The company named former Church’s Chicken CEO James F.
In the wake of its preliminary third quarter fiscal results, Ruby Tuesday says it is ready to explore “strategic alternatives” as it looks to reverse an alarming downturn that included the closing of 95 restaurants in the first quarter of 2017.
Ruby Tuesday is now offering guests a chance to participate in the Miller Lite Hoops Instant Win Game, with over 25 chances to win a grand prize trip for two to Las Vegas during the opening weekend of March basketball 2018—plus thousands of other prizes.
Ruby Tuesday announced it has completed the remodels of all seven restaurants in the Charlotte, North Carolina area. The restaurants have undergone updates to better reflect the company's focus on fresh ingredients and appeal to today’s guests.
Ruby Tuesday announced a month-long “Sweet Sweeps” in February where five lucky sweepstakes entrants can win Free Ruby Tuesday for a Year. From February 1 through February 19, the company is also offering special pricing on entrée add-ons like lobster tail and grilled shrimp, bottles of featured wine, and $15 bonus cards for every $50 in Ruby Tuesday gift cards purchased.
Keeping those New Year’s resolutions just got a lot easier thanks to Ruby Tuesday’s new Endless Garden Bar. Ruby Tuesday has an all-new, expanded Endless Garden Bar with more than 55 ingredients—nearly double the number of items offered on the previous Garden Bar—at all locations.
Ruby Tuesday, Inc. announced financial results for the fiscal quarter ended November 29.Total revenue declined 17.7 percent to $214.7 million, which included a net reduction of 109 company-owned Ruby Tuesday restaurants compared to the second quarter of the prior fiscal year, including 95 restaurants closed in connection with the Fresh Start Initiative announced on August 11.
Ruby Tuesday today unveiled fresh new entrées, appetizers, drinks, and desserts all showcased in redesigned lunch, dinner, drink, and dessert menus.To better serve guests, Ruby Tuesday added 14 new menu items that feature high quality ingredients and intriguing flavor profiles, all aimed at offering guests better, and contemporary dining choices.
Ruby Tuesday lost nearly $40 million and closed 95 restaurants in the fiscal first quarter of 2017, the restaurant reported Friday.Since the first quarter of last year, Ruby Tuesday has closed 109 company-owned restaurants and seen its revenue fall by 8.
Ruby Tuesday, Inc. announced that it has entered into an agreement with Altar’d State to sell its Church Street property for $2.8 million. The 40,000-square-foot building is located at 150 W. Church Avenue in Maryville, Tennessee.
Ruby Tuesday, Inc. announced that, effective immediately, the board of directors appointed F. Lane Cardwell, Jr. as interim president and chief executive officer following the resignation of James J. “JJ” Buettgen.
“If you were a cheeseburger, what kind of cheeseburger would you be?” is what Ruby Tuesday Inc. is asking America as it prepares to celebrate National Cheeseburger Day and launch its six-week Burger Road Show with an interactive online quiz.
Ruby Tuesday Inc. offered non-alcoholic lemonades for just 25 cents with the purchase of an adult entrée in celebration of National Lemonade Day August 20. All Lemonade Day proceeds were donated to No Kid Hungry, a national movement aimed at ending childhood hunger by connecting kids with healthy food where they live, learn and play.