Chain posts best same-store sales in five years
Ruby Tuesday reported higher second-quarter profit and its best same-store sales result in five years, but the brand has no plans to declare its turnaround finished, chief executive Sandy Beall said. Beall told investors during a conference call Wednesday that Ruby Tuesday’s brand repositioning efforts, cost controls and newly secured credit facility would enable it to move forward with its growth plans. The chain plans to reinvest future cash flow into new products and marketing ...
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Contact: Desiree Torres Desiree.Torres@penton.com