Ruby Tuesday loses $2M in 2Q

Ruby Tuesday loses $2M in 2Q

Ruby Tuesday Inc. Thursday reported a $2 million net loss for its fiscal 2012 second quarter despite posting higher revenue numbers tied to its recent acquisition of restaurants from franchisees.

Citing higher interest expense and decreasing same-store sales at company locations, the Maryville, Tenn.-based operator and franchisor of casual-dining restaurants said it lost $2 million, or 3 cents per share, for the Nov. 29-ended quarter, compared with net income of $4.6 million, or 7 cent

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