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Article: Maryville, Tenn.-Based Ruby Tuesday Reports 16.6 Percent Profit Increase.
- Article from:
- The Knoxville News-Sentinel (Knoxville, TN)
- Article date:
- January 10, 2003
CopyrightCOPYRIGHT 2003 The Knoxville News-Sentinel. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jan. 10--Ruby Tuesday Inc. reported Thursday that second-quarter profits rose 16.6 percent to $17.6 million, or 27 cents per share, compared with $15 million, or 23 cents per share, in the same period last year.
The Maryville-based chain opened 16 company-owned restaurants during the quarter and closed none.
The company's systemwide revenue rose 9.1 percent to $297.7 million in the quarter compared with $272.8 million in the same year-ago quarter.
However, same-store sales at company-owned stores were down 0.7 percent, and domestic franchise same-store sales decreased 1.2 percent in the quarter. Systemwide same-store sales, which measure sales ...