Ruby Tuesday swings to profit in 4Q

Ruby Tuesday swings to profit in 4Q

Casual-dining brand reports dip in sales, traffic

Ruby Tuesday Inc. swung to profit in the fourth quarter even though the casual-dining brand was facing same-store sales and traffic declines, the company said Thursday.

The Maryville, Tenn.-based company reported net income of $4.3 million, or seven cents a share, for the fourth quarter ended June 2, compared with a loss of $881,000, or one cent a share, for the same period last year.

Fourth-quarter revenue fell 3.4 percent, to $296.8 million, from $307.3 million in th

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