Can a Salad Bar Upgrade Revive Ruby Tuesday?

Ruby Tuesday (NYSE: RT) has been struggling with the same difficulties that have been plaguing much of the restaurant industry, but interim CEO Lane Cardwell expects its revamped Garden Bar to help lead a turnaround. The chain saw second-quarter fiscal 2017 same-restaurant sales decline 4.1%, which Cardwell noted during the earnings call was “below our expectations.” He did note that the company saw an improvement in customer traffic, which dropped only 2.8% — a smaller decline than the previous quarter. …read more

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