MARYVILLE Tenn. Ruby Tuesday Inc., operator or franchisor of 942 casual-dining restaurants, posted a 59-percent plunge in its third-quarter net income as declines in sales and guest traffic continued to challenge the struggling chain. For the 13 weeks ended March 4, net income slipped to $11.7 million, or 23 cents per share, from $28.7 million, or 49 cents per share, in the year-earlier quarter.Revenue fell 7.1 percent in the latest quarter to $351.2 million. Same-store sales fell ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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!

Already registered? here.