Ruby Tuesday to close seafood chain

By

SeafoodSource staff

Published on
January 9, 2013

In his first quarterly earnings call as president and CEO of Ruby Tuesday, J.J. Buettgen said Wednesday the Maryville-based company would immediately shutter its Marlin & Ray’s and Wok Hay restaurants.

The casual dining chain, which reported a second-quarter net loss of USD 15.1 million, or 24 cents per share, for the period ending 4 December, said it made the decision to close its 13 Marlin & Rays restaurants, including two in East Tennessee, to focus on turning sales around at its Ruby Tuesday brand.

“While this was a difficult decision to make, we have determined the Marlin & Ray’s brand is not an optimal conversion vehicle for us going forward,” Buettgen, a former Darden Restaurants executive, told analysts.

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