Ruby Tuesday, Inc. F2Q09 (Qtr End 12/02/08) Earnings Call Transcript

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2009-01-07 16:21:15.0

Tags: Forward-looking Statement, Call Transcript, Earnings, Investor Relations, Senior Vice President, Ruby Tuesday Inc., Financial Accounting, Finance, Seeking Alpha

Earnings Call Excerpt

Ruby Tuesday, Inc. (RT)

F2Q09 Earnings Call

January 7, 2009 5:00 pm ET

Executives

Steve Rockwell - Vice President, Finance

Samuel E. Beall - Chairman of the Board, President, Chief Executive Officer

Marguerite N. Duffy - Chief Financial Officer, Senior Vice President

Mark Young - Senior Vice President, Marketing

Kimberly M. Grant - Executive Vice President

Analysts

Jeffrey Omohundro - Wachovia

Howard Penny - Research Edge

Sean Dodge – SunTrust Robinson Humphrey

Analyst for Keith Siegner - Credit Suisse

Peter Saleh – Telsey Advisory Group

Anthony Pisano – Trapeze Assets

Presentation

Operator

Greetings ladies and gentlemen and welcome to the Ruby Tuesday, Inc. second quarter fiscal year 2009 conference call. (Operator Instructions) It is now my pleasure to introduce your host, Steve Rockwell, Vice President of Finance for Ruby Tuesday.

Thank you, Mr. Rockwell, you may begin.

Steve Rockwell

Thank you and thanks to all of you for joining us this evening. With me today are Sandy Beall, Ruby Tuesday Chairman and CEO, and Margie Duffy, Chief Financial Officer. In addition, Kimberly Grant, our Executive Vice President of Operations and Mark Young, our Senior Vice President of Marketing are with us for the Q&A portion of the call.

I would like to remind you that there are likely to be forward-looking statements in our comments and I refer you to the note regarding forward-looking statements in our most recently filed Form 10Q. A copy of our press release can be found on the investor relations section of our website at www.rubytuesday.com. We plan to release third quarter fiscal ?09 earnings in early April. The second quarter earnings were released today after the market closed and were available on Businesswire, First Call and other wire services.

We would also like to mention that we will be presenting at the Seventh Annual Cowen Consumer Conference in New York City next Tuesday at 3:00 p.m. ET. If you are interested you can listen to the audio web cast via link on the Investor Relations page of our website.

Our format today includes an overview of our second fiscal quarter financial results and a discussion of our restructuring and impairment charges, our updated fiscal 2009 outlook including cost savings initiatives and a review of our plans and strategies. At the conclusion of our prepared remarks we will open the lines for questions.

I will now turn the call over to Margie.

Marguerite N. Duffy

 

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