Real Estate
As of Feb 28, 2017, the company operated 544 and franchised 63 Ruby Tuesday (RT) restaurants in 42 states, the District of Columbia, 14 foreign countries and Guam.
In fiscal 2016, the company opened 1 RT restaurant, closed 13 RT restaurants, and closed all but 2 Lime Fresh restaurants. Franchisees opened 5 and closed 5 RT restaurants, in addition to closing the 7 remaining LF restaurants. During the first nine months of fiscal 2017, the company closed 102 company-owned RT restaurants and 12 franchised RT restaurants, and closed the remaining 2 Lime Fresh restaurants.
At year-end, the company owned the land and buildings for 303 restaurants, owned the buildings and held non-cancelable long-term land leases for 252 restaurants, and held non-cancelable leases covering land and buildings for 91 restaurants.
Approximately 14% of restaurants were mall-based, while the majority are freestanding buildings. Ruby Tuesday prototypes range in size from 4,600 to 5,400 square feet with seating for 162 to 230 guests. Lime Fresh Mexican Grills range in size from 2,200 to 3,200 square feet.
| TTM | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|
| Company-operated restaurants | 544 | 648 | 677 | 688 | 724 | 727 |
| Company-operated restaurant growth | -17.2% | -4.3% | -1.6% | -5.0% | -0.4% | -3.1% |
| Franchised restaurants | 63 | 78 | 85 | 85 | 83 | 83 |
| Franchised restaurant growth | -28.4% | -8.2% | 0.0% | 2.4% | 0.0% | -13.5% |
| Systemwide restaurants | 607 | 726 | 762 | 773 | 807 | 810 |
| Systemwide restaurant growth | -18.5% | -4.7% | -1.4% | -4.2% | -0.4% | -4.3% |
| Avg restaurant gross sq ft | 5,900 | 5,900 | 5,800 | 5,800 | 5,800 | 5,900 |
| Avg restaurant gross sq ft growth | -0.4% | 1.8% | -0.2% | -0.7% | -0.6% | -1.7% |