More on Ruby Tuesday's (RT) FQ3 report: Gain in revenue primarily due to fiscal 2011 franchise...

|About: Ruby Tuesday, Inc. (RT)|By:, SA News Editor

More on Ruby Tuesday's (RT) FQ3 report: Gain in revenue primarily due to fiscal 2011 franchise partnership acquisitions, offset by a 5.0% same restaurant sales decrease. Plans to close 31-33 underperforming stores in FQ4. Lowers guidance for FY12 EPS to $0.43-$0.48 vs. $0.55-$0.65 prior. Sees same-store sales tailing off 4.0%-4.5%. Expects free cash flow to be $75M-$85M. Shares -10.1% AH. (PR)