Search
 

Ruby Tuesday Plans 100 Units

MARYVILLE, TN-The chain hopes to boost its franchisee activity, pushing total unit growth to 100 units per year for the next five years.

By Jennifer D. Duell | Updated on March 31, 2006

MARYVILLE, TN-Ruby Tuesday Inc. plans to open 50 company-owned stores per year for the next five years and is focusing on franchisee growth so systemwide, unit growth will exceed 100 stores per year. The company-owned store growth represents about 6% to 8% growth annually, according to chairman and CEO Sandy Beall.

“It’s slower but still respectable,” he said during the company’s earnings conference call. He noted that the slower expansion was part of the company’s overall strategy to get more from its existing assets.

During the most recent quarter, the chain opened 10 new restaurants and closed none. Franchisees opened five new restaurants and two were closed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.