Ruby Tuesday Announces Promotion of Brett Patterson to Ruby Tuesday Concept President & Resignation of Todd Burrowes, Ruby Tu...
July 27 2015 - 4:20PM
Business Wire
Ruby Tuesday, Inc. (NYSE: RT) (the “Company”) today announced
the promotion of Brett Patterson to the role of Ruby Tuesday
Concept President and the resignation of Todd Burrowes, Ruby
Tuesday Concept President and Chief Operations Officer. These
changes are effective immediately.
JJ Buettgen, Chairman of the Board, President, and CEO stated,
“I am so pleased that Brett will assume the role of Ruby Tuesday
Concept President. Brett has been an invaluable member of our
leadership team since joining the Company two years ago. He is a
strong operator and has a solid track record of leading and
developing teams, enhancing efficiencies, streamlining processes,
and improving business results.”
Patterson is an accomplished restaurant executive with over 25
years of industry experience. He joined Ruby Tuesday as Vice
President of Operations in 2013 and was promoted to Senior Vice
President of Operations in September 2014. Between 1997 and 2013,
Patterson served in various roles of increasing responsibility with
Darden Restaurants including Director of Operations for Bahama
Breeze, Vice President of Operations for Longhorn Steakhouse, and
Senior Vice President of Operations for Olive Garden. Prior to
Darden, he was Managing Partner of Carrabba’s Italian Grill and an
Area Director with Steak and Ale.
Patterson will become a member of the Executive Team and will
report directly to Buettgen.
Burrowes is leaving the Company to pursue other interests. JJ
Buettgen, Chairman of the Board, President, and CEO, noted, “I want
to thank Todd for his contributions to Ruby Tuesday over the last
two years and wish him the best in the future.”
ABOUT RUBY TUESDAY
Ruby Tuesday, Inc. has 736 Company-owned and/or franchise Ruby
Tuesday brand restaurants in 44 states, 13 foreign countries, and
Guam, in addition to 26 Company-owned and/or franchise Lime Fresh
brand restaurants in six states and the District of Columbia. As of
June 2, 2015, we owned and operated 658 Ruby Tuesday restaurants
and franchised 78 Ruby Tuesday restaurants, comprised of 29
domestic and 49 international restaurants. We also owned and
operated 19 Lime Fresh restaurants and franchised seven Lime Fresh
domestic restaurants. Our Company-owned and operated restaurants
are concentrated primarily in the Southeast, Northeast,
Mid-Atlantic, and Midwest of the United States, which we consider
to be our core markets.
Ruby Tuesday, Inc. is traded on the New York Stock Exchange
(Symbol: RT).
Special Note Regarding Forward-Looking Information
This press release contains various forward-looking statements,
which represent our expectations or beliefs concerning future
events, including one or more of the following: future financial
performance (including our estimates of growth in same-restaurant
sales, average sales per restaurant, operating margins, expenses
and other items), future capital expenditures, the effect of
strategic initiatives (including statements relating to cost
savings initiatives and the benefits of our television marketing),
the opening or closing of restaurants by us or our franchisees,
sales of our real estate or purchases of new real estate, future
borrowings and repayments of debt, availability of financing on
terms attractive to the Company, compliance with financial
covenants in our debt instruments, payment of dividends, stock and
bond repurchases, restaurant acquisitions, and changes in senior
management and in the Board of Directors. We caution the reader
that a number of important factors and uncertainties could,
individually or in the aggregate, cause our actual results to
differ materially from those included in the forward-looking
statements, including, without limitation, the following: general
economic conditions; changes in promotional, couponing and
advertising strategies; changes in our customers’ disposable
income; consumer spending trends and habits; increased competition
in the restaurant market; governmental laws and regulations,
including those affecting labor and employee benefit costs, such as
further potential increases in state and federally mandated minimum
wages, and healthcare reform; the impact of pending litigation;
customers’ acceptance of changes in menu items; changes in the
availability and cost of capital; potential limitations imposed by
debt covenants under our debt instruments; weather conditions in
the regions in which Company-owned and franchised restaurants are
operated; costs and availability of food and beverage inventory,
including supply and delivery shortages or interruptions;
significant fluctuations in energy prices; security breaches of our
customers’ or employees’ confidential information or personal data
or the failure of our information technology and computer systems;
our ability to attract and retain qualified managers, franchisees
and team members; impact of adoption of new accounting standards;
impact of food-borne illnesses resulting from an outbreak at either
one of our restaurant concepts or other competing restaurant
concepts; and effects of actual or threatened future terrorist
attacks in the United States.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150727006280/en/
Ruby Tuesday, Inc.Corporate:Jill Golder, 865-379-5700EVP &
Chief Financial OfficerAnalysts:Dominique Piccolo,
865-379-5725Director, Treasury and Investor Relations
Ruby Tuesday, Inc. (NYSE:RT)
Historical Stock Chart
From Jan 2025 to Feb 2025
Ruby Tuesday, Inc. (NYSE:RT)
Historical Stock Chart
From Feb 2024 to Feb 2025