Ruby Tuesday, Inc. (delisted) (RT) News

Ruby Tuesday Files For Bankruptcy Amid 'unprecedented Impact' Of COVID-19

6:10 am ET October 7, 2020 (MarketWatch)


Casual dining restaurant chain Ruby Tuesday filed for bankruptcy Wednesday, citing the "unprecedented impact" of the COVID-19 pandemic. The company said it has reached an understanding with its lenders to support its financial restructuring, which it plans to use strengthen its business by reducing debt. The restaurants will continue to operate "business as usual" through the bankruptcy process. "This announcement does not mean 'Goodbye, Ruby Tuesday,'" said Chief Executive Shawn Lederman. "Today's actions will allow us an opportunity to reposition the company for long-term stability as we recover from the unprecedented impact of COVID-19." Ruby Tuesday joins a list of companies that went bankrupt amid the pandemic, including fellow restaurant chain California Pizza Kitchen, Hertz Global Holdings Inc. (HTZ), Chesapeake Energy Corp. (CHKAQ) and J.C. Penney Co. Inc. (JCPNQ).

PRIVATE!!!

STock no longer listed under RT ticker...

LMFAO taken private is not dead.

sADLY THIS IS DEAD, JUST AS OTHERS WILL BE TOO. jUST WAY TOO DAMN MUCH RETAIL OVEREXPANSION IN PAST DECADE EVERYWHERE... TIME TO GET BACK TO MOM & POP CARING RESTURAUNTS LOCALLY AND TO HELL WITH CORPORATE UNDERTAKINGS...

8K out

SEC filing yesterday shows emergency proxy call as problems with RT Management wanting special meeting to take place... IN past when I have seen this and been part of, it always meant reverse stock split and worse sadly for the Shareholders...

You made no money. I bought 2.50 calls before the PR! LMAO Smoke another on I-Man

LOOK at the yearly chart! Ever see anything like this since the acquisition??? Stock is tied up in a tight line since going nowehere...

If you say so. I have no position in them. Only time I go there to eat is when I get a coupon in mail for 50% off 2nd meal if purchasing 1st meal at full price.

RT will not go bankrupt!!!

This reminds me of the MNRO merger and acquisition of Clark Tire in Hickory, NC and other regionals the lats few years, and all that has happened is their stock lost around 75% value since...

RT has a 335M$ valuation

I've never eaten at a Ruby Tuesdays and prob never will. I do like Taking the kids to Apple Bees.

Smitter, this earnings news is what made RT a buyout interest by this private firm recently ?? COME ON MAN !

This is very bad earnings again::

Fiscal First Quarter 2018 Highlights (13 weeks ended September 5, 2017, compared to the 13 weeks ended August 30, 2016):

Total revenue declined 15.3% to $217.3 million, which included a net reduction of seven Company-owned restaurants compared to the end of the first quarter of the prior fiscal year. As a reminder, 95 restaurants were closed in connection with our August 11, 2016 announcement and therefore we lacked the sales contributions of these restaurants from the year-ago period during the fiscal first quarter of 2018.
Same-restaurant sales declined 5.8% compared to a 2.7% decrease in the first quarter of the prior fiscal year.
Closures and Impairments expense, net of gains on property sales of $2.3 million, was $7.8 million, compared to $30.2 million in the first quarter of the prior fiscal year.
Net Loss was $9.8 million, or ($0.16) per diluted share, compared to Net Loss of $39.7 million, or ($0.66) per diluted share in the first quarter of the prior fiscal year.
Restaurant Level Margin* increased 250 basis points to 16.4%.
Adjusted Net Loss* was $0.7 million, or ($0.01) per diluted share, compared to an Adjusted Net Loss of $6.8 million, or ($0.11) per diluted share in the first quarter of the prior fiscal year.
Adjusted EBITDA* was $13.3 million compared to $4.9 million in the first quarter of the prior fiscal year.
As of September 5, 2017, the Company had cash and cash equivalents of $48.1 million.

Already two law firms launching investigation into this entire "merger deal"... Sounds like what POST did with Bob Evans (BOBE) recently too and screwed those shareholders and also economically ruined an entire region of SE Ohio depending on those annual fall festivals they had at the original Bob Evans farm property...

Nice Pop $RT

Ruby Tuesday Shareholders Upset Over Merger Bid - (via NewsPoints Desk)

October 16, 2017
Tags: NewsPoints Ruby Tuesday NRD United States Corporate Affairs Mergers & Acquisitions

Ruby Tuesday, Inc. shareholders are upset with the offer price and are attempting to block the $335 million purchase of the company by private equity firm NRD Capital.
The shareholders accuse Ruby’s board of breach of fiduciary duties, arguing that the purchase price is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders
allege that Ruby senior management may have received personal benefits for their own self interests in agreeing to sell the company that are not being shared by common stockholders.

Ruby did not immediately respond to requests for a comment.

To contact the law firm on behalf of shareholders of
Ruby for more information call toll free 800.511.7037 or contact@tripplevy.com

I got no more interest in this stock...

Price targets are 3-5$

LOL Pockets, I am not in this stock... I see it going the way of HH Gregg and Sears...

I-Man Qatar has a huge appetite for RT which serves food!

RT expanding into Qatar, thinking Middle East clientele will lift them???

RUE 21 just filed BK now and RT sadly soon will too. Sears and others are just overladen with debt in a time when we need to streamline and eliminate so much overdeveloped retail/restaurants across this nation...

Took 400% on my 2.50 calls$$$

Yes sadly, just like HH Gregg...

Goodbye Ruby Tuesday! Love that song...,the option chain is getting intense

Yesterday's News, April 13, 2017

1:46 pm ET
S&P: Downgrade of Ruby Tuesday Reflects View That Capital Structure Is Unsustainable in Long Run >RT

Dow Jones
1:45 pm ET
S&PGR Downgrades Ruby Tuesday To 'CCC+'; Outlook Negative

Dow Jones

I too am long but 1/2 my portfolio. Then 14 options and a 1/4 day trades. No one strategy is better than another. Money can be made with more or less risk. Don't hate on me cause I made money in a stock you thought was a POS. Also, if I'm interpreting your handle correct "I-Man" chill out on the grass.

I am an Investor. NOT a daytrader. I own a business and Invest long term into profitable ventures.

You missed 1.75--2.75 plus options contractx volatility not oftern seen! Smoke another one I man. RT IS NO PUNPJOB!

Missed what? I do not believe in shorting stocks. That is for commodities markets. I also do not believe in so much excessive daytrading going on these days and believe SEC needs to initiate limitations of all brokerages allowing such activities too...

RT reported additional negative revenue & losses again like SHLD and even HH Gregg (filing BK closing stores)....

I stand by what I have posted already regarding US retailers/restaurants...


10-Q
"Ruby Tuesday, Inc. (NYSE: RT) declined 13.6 percent to $2.42. Ruby Tuesday posted a wider loss for its third quarter, while total revenue dropped 16.8 percent to $225.7 million."

Smoke another on Bob Marley, pissed you missed the run$$$ RT IS A TAKE OVER TAEGET!!!$$$

Takeover BS postings !!

Ruby Tuesdays earnings Friday worse than ever, missed badly and higher losses reported, yet like Sears (Just as bad or worse), PPS moves higher and defies logic and SEC filings.

NO takeover target. Who wants this DEBTLOAD on books with so damn much restaurants out there struggling right now and Chili's so similar to RT today as well as others.

Just the entire retail/restaurant industry way overdue for major re-set and cutting as fewer with stronger plans and revenues will continue forward in 21st century IMHO...

2.94 AH$$$ RT is a take over target!

Earniings out. RT worse than before....


>>>>>>>>>>>>>>>>

Fiscal Third Quarter 2017 Highlights (13 weeks ended February 28, 2017, compared to the 13 weeks ended March 1, 2016):

Total revenue declined 16.8% to $225.7 million, which included a net reduction of 105 Company-owned Ruby Tuesday restaurants compared to the third quarter of the prior fiscal year.

95 of these restaurants were closed in connection with our Fresh Start Initiative announced on August 11, 2016.

Same-restaurant sales declined 4.0% compared to a 3.1% decrease in the third quarter of the prior fiscal year.

Closures and Impairments expense was $13.4 million compared to $6.1 million in the third quarter of the prior fiscal year.

Net Loss was $19.8 million, or ($0.33) per diluted share, compared to Net Loss of $3.1 million, or ($0.05) per diluted share in the third quarter of the prior fiscal year.

Restaurant level margin* declined 130 basis points to 15.8%.

Adjusted Net Loss* was $3.8 million, or ($0.06) per diluted share, compared to Adjusted Net Income of $1.6 million, or $0.03 per diluted share in the third quarter of the prior fiscal year.

Adjusted EBITDA* was $8.7 million compared to $20.3 million in the third quarter of the prior fiscal year.

As of February 28, 2017, the Company had cash on hand of $32.6 million.

Sold half my contracts for 300%+ RT
Calls with a 2.50 strike purchased for
.05 a month ago were gold all week. Trade the volatility not the story!

RT's earnings to be reported today after market close!

"Ruby Tuesday, Inc. (NYSE: RT) is projected to post earnings for its third quarter."

CAREFUL all. Hedge Fund can do many things with shares too retailers cannot....

RT$

SC13D RT$ is being front loaded!!!!!!

Ruby Tuesday, Inc. to Host Third Quarter Fiscal 2017 Earnings Conference Call

4:10 pm ET March 22, 2017 (BusinessWire)
Ruby Tuesday, Inc. (NYSE:RT) will release results for its fiscal third quarter after the close of financial markets on Thursday, April 6, 2017 which will be followed by a conference call to review its financial results at 5:00 p.m. Eastern time.

**problem here is CEO/CFO many well make announcement like Sears' BOD's did two days ago- that they cannot continue forward with quarterly losses, massive debtload and reduced sales revenues...

Epic call by Value$$$ RT$

RT defying ALL ODDS!!!!

New on the RT menu. LOL

SHAKE AND BAKE$$$$

Obtaining UBS as financial Advisor?? All they can do (for a BIG fee) is tell RT's CEO to do what George Economou of DRYS did to his "Shareholders" for some years now to "Preserve Shareholder Values"- and that is repeated reverse splits with dillutions to make $Billions of cash for CEO, and to buy (ships in his case), BUT at Shareholder expenses.

Many call "legal securities fraud" on Invested shareholders...

Today DRYS stock at about 2.00/share, and if none of the many RS's were done, would see those shares worth about 150K !!!

I'd take my profit on those RT options then... Options are very tricky-especially if this gets shortsold fast today or after...

My call options are up 300%+

Overbought right now plus earnings April 6th estimate time frame... Just a pump & dump IMO...

RT$$$