Ruby Tuesday, Inc. announced the appointment of Jeffrey C. Wood as Senior Vice President and Chief Development Officer. Wood, a restaurant development veteran with over 27 years of industry experience, joins Ruby Tuesday from his most recent role as the Chief Development Officer of Qdoba Restaurant Corp. Before joining Qdoba, Jeff worked in various senior real estate development roles for Dave & Buster's, Inc., Brinker International, Inc., and TGI Friday's, Inc., in addition to working in the restaurant leasing division of Simon Property Group, a leading shopping mall owner and real estate company. Wood joins two recent new hires to the Ruby Tuesday senior management team, Jill Golder and Mark Bibby.

Ruby Tuesday, Inc. reported unaudited earnings results for the third quarter nine months ended March 5, 2013. For the quarter, the company reported total revenue of $307,383,000 compared to $320,713,000 a year ago. Earnings from operations were $9,292,000 compared to $7,205,000 a year ago. Pre-tax income from continuing operations was $2,701,000 compared to $2,805,000 a year ago. Net income from continuing operations was $4,716,000 or $0.08 per basic and diluted share compared to $6,869,000 or $0.11 per basic and diluted share a year ago. Net income was $2,196,000 or $0.04 per basic and diluted share compared to $4,536,000 or $0.07 per basic and diluted share a year ago. Same-restaurant sales decreased 2.8% at company-owned Ruby Tuesday restaurants and decreased 1.7% at domestic Ruby Tuesday franchise restaurants. For the nine months, the company reported total revenue of $935,383,000 compared to $953,869,000 a year ago. Earnings from operations were $12,943,000 compared to $20,621,000 a year ago. Pre-tax loss from continuing operations was $7,048,000 compared to pre-tax income from continuing operations of $7,326,000 a year ago. Net income from continuing operations was $3,586,000 or $0.06 per basic and diluted share compared to $10,260,000 or $0.16 per basic and diluted share a year ago. Net loss was $10,273,000 or $0.16 per diluted share compared to net income of $5,628,000 or $0.09 per basic and diluted share a year ago. For the quarter, the company reported closures and impairments of $2,096,000 compared to $11,630,000 a year ago. The company plans to open eight to nine Lime Fresh restaurants, close two Lime Fresh restaurants. The company's domestic franchisees plan to open one Lime Fresh restaurant. The company's international franchisees plan to open four to five restaurants, two of which are Lime Fresh restaurants. The company plans to close six to seven company-owned Ruby Tuesday restaurants. The company's international franchisees plan to close four to five restaurants. The company's fiscal year 2013 guidance from continuing operations includes company-owned restaurant same-restaurant sales are estimated to be approximately flat for the year. Interest expense is estimated to be $27 million for the year. Diluted earnings per share from continuing operations are estimated to be in the $0.18 to $0.22 range for the year. Excluding the CEO pension settlement expense, new CEO transition expenses, and other closing-related costs primarily from its previously-announced non-core brand and Lime Fresh closures, diluted earnings per share for the year are estimated to be in the $0.28 to $0.32 range. Both guidance ranges above are exclusive of the net loss per share from discontinued operations for the year. Capital expenditures are estimated to be $38 million - $42 million for the year. Free cash flow is estimated to be $10 million - $15 million for the year. On an adjusted basis, free cash flow is estimated to be $22 million - $27 million after excluding the impact of former CEO's pension payout (approximately $8 million) and estimated lease reserve settlements from restaurants closed in the fourth quarter of fiscal year 2012 and the third and fourth quarters of fiscal 2013 (approximately $4 million). Depreciation estimated to be in the range of $59 million - $60 million for the year. Same-Restaurant Sales - company-owned restaurant same-restaurant sales are estimated to be approximately flat for the year.

Ruby Tuesday, Inc. reported consolidated revenue results for the third quarter of 2013. For the quarter, the company reported revenue of $1.3 billion. The company provides earnings guidance for the full year 2013. For the year, the company’s annual CapEx needs are approximately $20 million to $25 million a year. The CapEx requirements for new restaurants is about $800,000 to $850,000, with revenue targets of $1.2 million to $1.3 million, and EBITDA of $150,000 to $200,000, which the company believes will grow over time, similar to the fast casual concepts. The company plans on opening a another six restaurants over the remainder of fiscal 2013 to achieve its guidance of 10 to 12 openings on a full fiscal year basis.