Ruby Tuesday Names Kimberly Grant Executive Vice President
14-Year Veteran of Operations and Finance Named To Senior Executive Position
MARYVILLE, Tenn.--(BUSINESS WIRE)--Ruby Tuesday, Inc. (NYSE: RT - News), one of the nation's leading casual-dining restaurant companies, has promoted Kimberly Grant to Executive Vice President, the senior executive who directs the operations of more than 650 company-owned Ruby Tuesday restaurants across the United States.
"Kimberly is a top performer and recognized leader," said Sandy Beall, Ruby Tuesday founder, CEO and Chairman. "She is a great 'people person' who has high standards, gets results, and is leading our brand and our company to a new position of simple, fresh, American dining that is of the highest quality."
Grant began her career 14 years ago with Ruby Tuesday in restaurant management, worked in the Restaurant Support Center as operations controller, and returned to operations leadership as a Regional Partner. She was promoted to Regional Vice President and, most recently, to Senior Vice President of Operations.
Ruby Tuesday, Inc. has Company-owned and/or franchise Ruby Tuesday brand restaurants in 44 states, the District of Columbia, Puerto Rico, and 13 foreign countries. As of March 6, 2007, the Company owned and operated 678 Ruby Tuesday restaurants, while domestic and international franchisees (including Hawaii) operated 196 and 52 restaurants, respectively. Ruby Tuesday, Inc. is traded on the New York Stock Exchange (Symbol: RT).
Special Note Regarding Forward-Looking Information
This press release contains various "forward-looking statements," which represent the Company's expectations or beliefs concerning future events, including one or more of the following: future financial performance and restaurant growth (both Company-owned and franchised), future capital expenditures, future borrowings and repayments of debt, payment of dividends, stock repurchases, and restaurant and franchise acquisitions and re-franchises. The Company cautions the reader that a number of important factors and uncertainties could, individually or in the aggregate, cause actual results to differ materially from those included in the forward-looking statements, including, without limitation, the following: changes in promotional, couponing and advertising strategies; guests' acceptance of changes in menu items; changes in our guests' disposable income; consumer spending trends and habits; mall-traffic trends; increased competition in the restaurant market; weather conditions in the regions in which Company-owned and franchised restaurants are operated; guests' acceptance of the Company's development prototypes; laws and regulations affecting labor and employee benefit costs, including potential increases in federally mandated minimum wage; costs and availability of food and beverage inventory; the Company's ability to attract qualified managers, franchisees and team members; changes in the availability and cost of capital; impact of adoption of new accounting standards; impact of food-borne illnesses resulting from an outbreak at either Ruby Tuesday or other restaurant concepts; effects of actual or threatened future terrorist attacks in the United States; significant fluctuations in energy prices; and general economic conditions.
Ruby Tuesday, Inc., Maryville
Rick Johnson, 865-379-5791
Source: Ruby Tuesday, Inc.