Ruby Tuesday (restaurant)

Ruby Tuesday Operations LLC.
Ruby Tuesday Inc.
Company typePrivate
IndustryRestaurant
GenreCasual dining
Founded1972; 52 years ago (1972)
Knoxville, Tennessee, United States[1][2]
FounderSamuel E. Beall III
Headquarters333 East Broadway
Maryville, Tennessee, 37804
United States
Number of locations
209 (2021)[3]
Area served
Worldwide
Key people
Shawn Lederman (CEO)
ProductsAmerican cuisine
(burgers • chicken • pasta • ribs • salad bar • seafood • soup • steak)
RevenueUS$ 1.126566 billion (2015)
US$ 17.63 million (2015)[4][needs update]
Decrease US$ -3.194 million (2015)[needs update]
Total assetsUS$ 929.391 million (2015)[needs update]
Total equityUS$ 465.583 million (2015)[needs update]
OwnerTCW Direct Lending
Number of employees
32,100 (2015)[needs update]
Websiterubytuesday.com
Footnotes / references
[5]

Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall III.

The corporation was formed in 1996 as a reincorporation of Morrison Restaurants Inc. It is headquartered in Maryville, Tennessee and has 209 locations worldwide, with some temporarily closed due to the COVID-19 pandemic.[3][6]

Its flagship brand is an American cuisine casual dining restaurant chain with locations throughout the United States aside from the Pacific Coast states. Its greatest density of sites is along the eastern coast of the United States (aside from Boston) as it closed several locations in the Great Basin and Great Plains regions, including Chicago, in recent years. In 2016, Ruby Tuesday sold the Lime Fresh Mexican Grill rights to an undisclosed buyer to refocus on the main Ruby Tuesday brand. The company has closed all locations of Wok Hay and Marlin, and Ray's. Additionally, it holds development rights to Truffles Grill.

On June 6, 2012, founder and CEO Sandy Beall announced he would leave the company.[7][8] In October 2017, it announced that NRD Capital Management would be taking the company private through a $146 million deal in early 2018.

The company filed for Chapter 11 bankruptcy on October 7, 2020, stating it will permanently close 185 restaurants that had been shut down during the COVID-19 pandemic. After the closures, the company would have 236 company-owned and operated locations and an undisclosed number of sites run by ten franchisee groups.[9] Ruby Tuesday emerged from bankruptcy on February 24, 2021, with 209 restaurants, having closed more restaurants than initially planned.[3]

  1. ^ "Bob Evans Farms, Inc. Company Profile | New Albany, OH | Competitors, Financials & Contacts - Dun & Bradstreet". Archived from the original on 2021-01-16.
  2. ^ "Bob Evans Farms".
  3. ^ a b c "Ruby Tuesday Emerges from Voluntary Chapter 11 Restructuring". February 24, 2021. Retrieved February 27, 2021.
  4. ^ "638113 (RT) Stock Price, News, Quote & History - Yahoo Finance". finance.yahoo.com.
  5. ^ Ruby Tuesday, Inc. (August 1, 2011). "FY 2011 10-K". U.S. Securities and Exchange Commission. pp. 4–44. Retrieved May 24, 2012.
  6. ^ Salaky, Kristin (May 29, 2020). "Ruby Tuesday Has Reportedly Closed Almost 150 Locations Since The Beginning Of The Year". Delish.com. Retrieved July 3, 2020.
  7. ^ "Ruby Tuesday, Inc. Announces Chief Executive Officer's Intention to Step Down; Commences Search for Successor" (Press release). Ruby Tuesday Inc. June 6, 2012. Retrieved June 6, 2012.
  8. ^ Witkowski, Wallace (June 6, 2012). "Ruby Tuesday CEO, Chairman Beall to step down". Market Watch, the Wall Street Journal. Retrieved June 6, 2012.
  9. ^ Sprouse, William (October 7, 2020). "Ruby Tuesday Files for Chapter 11". CFO. Retrieved December 8, 2020.