EX-12.1 3 ex12-1.htm COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

Ruby Tuesday, Inc

                                       

Unaudited Computation of Ratio of Consolidated Earnings to Fixed Charges

                                       

(Dollar Amounts in Millions)

                                       
                                         
                                         
   

Fiscal Year Ended

 
   

May 1, 2016

   

June 2, 2015

   

June 3, 2014

   

June 4, 2013

   

June 5, 2012

 

Earnings before fixed charges:

                                       

Loss/(income) from continuing operations before income taxes

  $ (52.9 )   $ (5.1 )   $ (69.6 )   $ (21.9 )   $ (8.6 )
                                         

Add equity in losses (deduct equity in earnings) of equity interest

    -       -       -       -       0.6  
                                         

Less Capitalized interest

    0.6       0.5       0.5       0.5       0.5  
      (52.3 )     (4.6 )     (69.1 )     (21.4 )     (7.5 )
                                         

Fixed charges:

                                       
                                         

Interest expense

    21.8       22.8       25.0       26.7       23.5  
                                         

Interest portion of rent expense

    13.6       14.9       16.0       16.6       15.8  
                                         

Total fixed charges

    35.4       37.7       41.0       43.3       39.3  
                                         

Adjusted earnings from continuing operations before income taxes available to cover fixed charges

  $ (16.9 )   $ 33.1     $ (28.1 )   $ 21.9     $ 31.8  
                                         

Ratio of earnings to fixed charges

    (0.48 )     0.88       (0.69 )     0.51       0.81  
                                         

Amount by which earnings were insufficient to cover fixed charges

  $ (52.3 )   $ (4.6 )   $ (69.1 )   $ (21.4 )   $ (7.5 )
                                         

* We are presenting the ratio above solely pursuant to the requirement set forth in Item 503 of Regulation S-K. The earnings and fixed charges in the above ratio are calculated using the definitions as set for by Regulation S-K.