Ruby Tuesday Inc. is testing menu initiatives and planning TV commercials in an attempt to reverse declining net income and same-store sales from its fiscal 2012 first quarter. For the first quarter ended Aug. 30, net income fell 75 percent to $3.1 million, compared with $12.4 million the previous year, the company reported. Earnings per share for the quarter were five cents, compared with 19 cents per share the previous year. Same-store sales decreased 4.1 percent at company-owned ...
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Contact: Desiree Torres Desiree.Torres@penton.com