Ruby Tuesday Inc. swung to a loss for the third quarter ended March 4 as revenue fell 3.8 percent with the closure of two dozen restaurants in the period, the company reported Tuesday. The Maryville, Tenn.-based casual-dining operator reported a loss of $7.4 million, or 12 cents per share, from a profit of $2.2 million, or 4 cents a share, in the same quarter last year. Revenue fell to $295.6 million, from $307.4 million in last year’s quarter, with a reduction of 30 company-owned ...
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Contact: Desiree Torres Desiree.Torres@penton.com