Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, January 7, 2011

Article Excerpt

PLEASE NOTE: Next week, The Successful Investor, our newsletter that focuses on high-quality Canadian stocks, will reveal its #1 pick for 2011. If you’re not already a Successful Investor subscriber, click here to learn how you can get one month—including our 2011 stock of the year—FREE. RUBY TUESDAY INC., $14.84, symbol RT on New York, reported earnings that beat the consensus estimate this week. As a result, the stock jumped over 13%. Ruby Tuesday owns 676 of its U.S. restaurants; franchisees operate 140 outlets in the U.S. and 58 overseas. In the three months ended November 30, 2010, Ruby Tuesday’s revenue rose 6.2%, to $290.4 million from $273.4 million a year earlier. Same-restaurant sales rose 4.2%. The company’s new menu offerings were a big reason for the higher sales. The company’s fall menu contains a number of new offerings, including Fit & Trim entrees, complimentary garlic cheese biscuits, additional side items, an expanded Garden Bar, and an enhanced Sunday Brunch. Ruby…