Ruby Tuesday Swings to Q4 Profit Despite Decline in Comps and Traffic
SEAFOODNEWS.COM [Nation's Restaurant News] By Ron Ruggless - July 24, 2015 -
Ruby Tuesday Inc. swung to profit in the fourth quarter even though the casual-dining brand was facing same-store sales and traffic declines, the company said Thursday.
The Maryville, Tenn.-based company reported net income of $4.3 million for the fourth quarter ended June 2, compared with a loss of $881,000, or one cent a share, for the same period last year.
The company has been working on turning around the brand for the past year and a half.
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