Ruby Tuesday Inc. Thursday reported a $2 million net loss for its fiscal 2012 second quarter despite posting higher revenue numbers tied to its recent acquisition of restaurants from franchisees. Citing higher interest expense and decreasing same-store sales at company locations, the Maryville, Tenn.-based operator and franchisor of casual-dining restaurants said it lost $2 million, or 3 cents per share, for the Nov. 29-ended quarter, compared with net income of $4.6 million, or 7 cents a ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?