Real Estate
As of Sep 5, 2017, the company operated 541 and franchised 58 Ruby Tuesday (RT) restaurants in 41 states, the District of Columbia, 14 foreign countries and Guam.
In fiscal 2017, the company closed 103 net RT corporate restaurants and franchisees closed 16 net RT restaurants. During the first quarter of fiscal 2018, the company closed 2 net corporate restaurants and franchisees closed 4 net restaurants.
At year-end, the company owned the land and buildings for 269 restaurants, owned the buildings and held non-cancelable long-term land leases for 205 restaurants, and held non-cancelable leases covering land and buildings for 69 restaurants.
Approximately 8% 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.
| TTM | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|
| Company-operated restaurants | 543 | 543 | 648 | 677 | 688 | 724 |
| Company-operated restaurant growth | -16.2% | -16.2% | -4.3% | -1.6% | -5.0% | -0.4% |
| Franchised restaurants | 62 | 62 | 78 | 85 | 85 | 83 |
| Franchised restaurant growth | -20.5% | -20.5% | -8.2% | 0.0% | 2.4% | 0.0% |
| Systemwide restaurants | 605 | 605 | 726 | 762 | 773 | 807 |
| Systemwide restaurant growth | -16.7% | -16.7% | -4.7% | -1.4% | -4.2% | -0.4% |
| Avg restaurant gross sq ft | 5,900 | 5,900 | 5,900 | 5,800 | 5,800 | 5,800 |
| Avg restaurant gross sq ft growth | -1.5% | -1.5% | 1.8% | -0.2% | -0.7% | -0.6% |