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Ruby Tuesday profit plummets 97% in 1st-Q

MARYVILLE Tenn. Ruby Tuesday Inc., operator or franchisor to 941 namesake casual-dining restaurants, posted on Wednesday first quarter net income of $250,000, the company’s lowest quarterly profit since at least 1994, when public filings for the company begin.

While Ruby Tuesday had two instances of quarterly net losses -- once during the last fiscal year and another in 1996 -- its quarterly profit since 1994 had rarely dipped below the $5 million mark and

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