Ruby Tuesday, Inc. (RT); Further To Go?

Since first highlighting the Ruby Tuesday, Inc. (NYSE:RT) opportunity last year, on October 17, the company’s shares have risen 27.3%, compared to the S&P 500’s gain of 19.7% over the same period. This gain has been driven by several catalysts and there could be further upside.

Ruby Tuesday's impressive first quarter

The company put in a solid fiscal first quarter, reporting widening margins, lower debt and a smaller loss after several years of restructuring. During the quarter, same-store sales increased by 1.1% overall, with same-store sales increasing by 6% at the company's 31 domestic Ruby Tuesday, Inc. (NYSE:RT) franchise restaurants compared to the same quarter of the prior year. Income from continuing from operations, adjusted for special items hit $2.6 million during...