Ruby Tuesday Inc. is counting on a conversion strategy and a deal to open Lime Fresh Mexican Grill units to drive sales in fiscal 2012, after reporting a first-quarter drop in net income and same-store sales Thursday. For the first quarter ended Aug. 31, Ruby Tuesday’s net income dropped 75 percent and same-store sales at company-owned stores fell 4.1 percent. On Wednesday, the Maryville, Tenn.-based company took a step to reverse those trends by opening its first Lime Fresh ...
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Contact: Desiree Torres Desiree.Torres@penton.com