Ruby Tuesday’s net plunges to a loss in 2nd Q

MARYVILLE Tenn. Ruby Tuesday Inc. reported on Thursday that it expects a net loss in its second quarter ended Dec. 4 as slumping sales and remodeling costs took a toll on the casual-dining company.

Preliminary results indicate that the company will post a per-share loss of between 18 cents and 21 cents, compared with a per-share profit of 28 cents in the year-ago second quarter.

Same-store store sales for the latest quarter fell 10.8 percent at