Ruby Tuesday reduces loss in 3Q

Ruby Tuesday reduces loss in 3Q

Restaurant closures weigh on revenue

Ruby Tuesday Inc. narrowed its loss in the third quarter ended March 1, the company reported Thursday.

The Maryville, Tenn.-based operator, which also owns Lime Fresh Mexican Grill, said it closed five company-owned Ruby Tuesday restaurants in the quarter. International franchisees closed three units and opened one new location.

The company said its revenue decline reflected $9.6 million from the closure of 22 restaurants from the same period last year and a quarterly same

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