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Ruby Tuesday's 3-Q profits drop 5%

MARYVILLE Tenn. Ruby Tuesday Inc., the operator or franchisor of 926 namesake casual-dining restaurants, said fiscal 2007 third-quarter earnings dropped 5 percent from the same period of a year earlier on a lease-related charge from a bankrupt franchisee and reduced sales that the company blamed on severe winter weather.

For the quarter ended March 6, net income totaled $28.7 million, or 49 cents per share, compared with profit of $30.2 million, or 50 cents

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