Article: Ruby Tuesday, Inc. Reports Third Quarter Results; - DILUTED EARNINGS PER SHARE INCREASED 23% - COMPANY-OWNED RUBY TUESDAY SAME-STORE SALES INCREASED 4.1% - DOMESTIC FRANCHISE SAME-STORE SALES INCREASED 6.8%.

Ruby Tuesday, Inc. today reported results for its third quarter of fiscal 2004, which ended March 2, 2004. For the quarter, diluted earnings per share increased 23.1% to $0.48, while net income increased 27.6% to $32.4 million. Total operating revenues increased 16.4% to $271.0 million, and pre-tax profit margin increased 190 basis points to 18.6%. Same-store sales at Company-owned Ruby Tuesday restaurants increased 4.1%, while same-store sales at domestic franchise restaurants (including restaurants owned by businesses in which the Company holds an equity interest as well as restaurants owned by traditional franchisees) increased 6.8% during the quarter.

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