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Ruby Tuesday bucks industry trends

From Restaurant News’  “Breaking News” section:

MARYVILLE, Tenn. (July  8, 2009) Ruby Tuesday Inc. posted another quarter of financial results that topped both corporate and Wall Street expectations, as both cost cutting and improved consumer traffic paid dividends for the struggling casual-dining company.

For its fourth quarter ended June 2, profit rose to $14.4 million, or 28 cents per share, from $13.9 million, or 27 cents per share, in the same quarter a year ago. Fourth-quarter revenue fell 7.1 percent to $317.3 million, mainly because of 49 fewer restaurants in operations versus last year, including 48 restaurants that closed in the third quarter.

You can read the rest of the article here:

http://www.nrn.com/breakingNews.aspx?id=369532

Ruby%20Tuesday

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