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Article: Ruby Tuesday, Inc. Reports First Quarter Results; * Diluted Earnings Per Share Up 19% * Same-Store Sales Building * Delays Fin 46 Adoption as FASB Proposes Changes.
- Article from:
- PR Newswire
- Article date:
- October 6, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. 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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Ruby Tuesday, Inc. today reported results for its first quarter of fiscal 2004, which ended September 2, 2003. For the quarter, revenues increased 12.3% to $249.9 million, pre-tax profit margins increased 140 basis points to 15.3%, and diluted earnings per share increased 19.4% to $0.37. Sandy Beall, the Company's Chairman and Chief Executive Officer commented, "We continue making significant investments in our business through an improved facilities program and focusing on team quality, to-go sales and various other service initiatives. Through these initiatives, we continue raising the bar on our standards and achieving solid financial results. For fiscal 2004, we ...