MARYVILLE, Tenn.--(BUSINESS WIRE)--Dec. 11, 2013--
The Company is aware of recent media reports suggesting it has hired
Goldman Sachs to evaluate strategic alternatives. While it is our
practice not to respond to market rumors and speculation, we believe it
is important to clarify that this rumor did not originate from Ruby
Tuesday. Ruby Tuesday’s management and teams are committed to the
Company’s previously-disclosed strategic plans and remain confident in
our brand transformation strategy and in our team’s ability to
successfully execute our plans.
About Ruby Tuesday
Ruby Tuesday, Inc. has 778 Company-owned and/or franchise Ruby Tuesday
brand restaurants in 45 states, the District of Columbia, 11 foreign
countries, and Guam, in addition to 29 Company-owned and/or franchise
Lime Fresh brand restaurants in six states, the District of Columbia,
and one foreign country. As of September 3, 2013, we owned and operated
703 Ruby Tuesday restaurants and franchised 75 Ruby Tuesday restaurants,
comprised of 33 domestic and 42 international restaurants. We also owned
and operated 21 Lime Fresh restaurants and franchised eight Lime Fresh
restaurants, comprised of six domestic and two international
restaurants. Our Company-owned and operated restaurants are concentrated
primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the
United States, which we consider to be our core markets.
Source: Ruby Tuesday, Inc.
Ruby Tuesday, Inc.
Natalie Spiro, 865-379-5700