MARYVILLE Tenn. A month after acknowledging it had “underestimated the impact” of higher gas prices and general economic factors on consumer spending, Ruby Tuesday Inc. on Wednesday reported a 48.5-percent plunge in first-quarter profit from a year earlier. The results reflected negative same-store sales and the costs of a two-year remodeling initiative. The operator or franchisor of 935 namesake casual-dining restaurants said it would attempt to firm up sales during the remainder of ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Questions about your account or how to access content?