Ruby Tuesday 1Q net plummets 75%

Ruby Tuesday 1Q net plummets 75%

Company plans new menu offers, TV ads to reverse negative trends

Ruby Tuesday Inc. is testing menu initiatives and planning TV commercials in an attempt to reverse declining net income and same-store sales from its fiscal 2012 first quarter.

For the first quarter ended Aug. 30, net income fell 75 percent to $3.1 million, compared with $12.4 million the previous year, the company reported. Earnings per share for the quarter were five cents, compared with 19 cents per share the previous year.

Same-store sales decreased 4.1 percent at company-

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