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Ruby Tuesday Responds to Recent Market Rumors


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