As of Tuesday, May 8, 2012
© Copyright 2013
Gwinnett Daily Post
SNELLVILLE -- Ruby Tuesday on US Highway 78 has closed its doors for good, along with the Cartersville and Griffin locations, because they were stores that were "underperforming" within the company.
Closing 25 to 27 stores is estimated to increase the company's annual incremental earnings before interest, taxes, depreciation and amortization approximately $1.5 to $2 million.
"We believe the steps we have taken this quarter will enable us to positively impact our future sales and profits," Ruby Tuesday's Founder, Chairman and CEO Sandy Beall said in a press release. "While we were pleased with our earnings performance given our lower sales levels, we are clearly disappointed in our same-restaurant sales results for the third quarter."
On Sunday, Snellville's employees were told about the store's closure.
"Team members were notified during a team meeting that was held at the restaurant yesterday," said Meridith Hammond, Ruby Tuesday's communications manager. "Almost all team members have been placed at nearby locations."
Although a few Ruby Tuesdays have closed in metro Atlanta, Hammond explains that the other locations are doing fine and will be serving guests for many more years.
"The closed restaurants represent a small percentage of the total that remain open," she said. "Ruby Tuesday has more than 800 domestic and international locations."