Second-Quarter Losses Lead To More Closings For Ruby Tuesday

WUOT | By Chrissy Keuper

Published January 9, 2014 at 9:37 AM EST

Maryville-based restaurant chain Ruby Tuesday has reported major second quarter losses.

The Knoxville News Sentinel reports that the Ruby Tuesday restaurant chain saw second-quarter net losses of $34.4 million, or 57 cents per share. That’s compared to a loss of $15 million, or 24 cents per share, during the same period last year. Total second-quarter revenue was $276.2 million, compared with over $300 million last year.

The company eliminated 70 job positions in November and December and now plans to close 30 restaurants this year.

Chrissy Keuper

Chrissy served as WUOT's News Director and host of monthly public affairs talk show Dialogue from late 2021 to early 2023. Her first job with the station was as weekend student announcer while earning her bachelor's in Anthropology from the University of Tennessee. She had previously been the station's local host for NPR's Morning Edition and All Things Considered news programs; occasionally filled in as host for WUOT's Morning and Afternoon Concerts; and won multiple awards for her interviews, feature stories, and Dialogue.

See stories by Chrissy Keuper