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Article: Ruby Tuesday, Inc. Reports First Quarter Diluted Earnings Per Share of $0.34; Announces Positive September Same-Store Sales Growth.
- Article from:
- Business Wire
- Article date:
- October 5, 2005
CopyrightCOPYRIGHT 2005 Business Wire. 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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MARYVILLE, Tenn. -- Ruby Tuesday, Inc. (NYSE:RI) today reported net income of $21.6 million, or $0.34 per diluted share, for the Company's first quarter of fiscal 2006 ended August 30, 2005. This compares to net income of $29.1 million, or $0.44 per diluted share, for the first quarter of the prior year.
Same-store sales at Company-owned Ruby Tuesday restaurants, which improved throughout the quarter and were in-line with the Company's previous guidance of down approximately 4.0%, decreased 3.9% for the quarter. Same-store sales at domestic franchise Ruby Tuesday restaurants decreased 6.4% during the quarter, which was better than the Company had anticipated.
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