Ruby Tuesday 8-K Results of Operations and Financial Condition

RUBY TUESDAY, INC.

Financial Results For the Fourth Quarter of Fiscal Year 2005
(Amounts in thousands except per share amounts)

	13 Weeks Ended May 31, 2005		Percent of Sales		13 Weeks Ended June 1, 2004		Percent of Sales		Percent Change		52 Weeks Ended May 31, 2005		Percent of Sales		52 Weeks Ended June 1, 2004		Percent of Sales		Percent Change
Revenue:				(as	restated)	*									(as restated)*
Restaurant sales and operating revenue	$291,421		98	.7	$ 270,164		98	.0			$ 1,094,491		98	.6	$ 1,023,342		98	.3
Franchise revenue	3,969		1	.3	5,374		2	.0			15,803		1	.4	18,017		1	.7
Total operating revenue	295,390		100	.0	275,538		100	.0	7	.2	1,110,294		100	.0	1,041,359		100	.0	6	.6
Operating Costs and Expenses:
(as a percent of Restaurant sales and operating revenue)
Cost of merchandise	76,137		26	.1	70,018		25	.9			284,424		26	.0	263,033		25	.7
Payroll and related costs	91,458		31	.4	82,926		30	.7			340,895		31	.1	320,413		31	.3
Other restaurant operating costs	50,851		17	.4	44,387		16	.4			189,181		17	.3	168,471		16	.5
Depreciation and amortization	17,434		6	.0	15,375		5	.7			66,746		6	.1	57,791		5	.6
(as a percent of Total operating revenue)
Selling, general and administrative, net	20,081		6	.8	16,582		6	.0			72,489		6	.5	63,292		6	.1
Equity in (earnings) of unconsolidated franchises	(348	)	(0	.1)	(2,034	)	(0	.7)			(2,729	)	(0	.2)	(5,913	)	(0	.6)
Total operating costs and expenses	255,613				227,254						951,006				867,087
Earnings before Interest and Taxes	39,777		13	.5	48,284		17	.5	(17	.6)	159,288		14	.3	174,272		16	.7	(8	.6)
Interest expense, net	1,222		0	.4	438		0	.2			4,342		0	.4	3,726		0	.4
Pre-tax Profit	38,555		13	.1	47,846		17	.4			154,946		14	.0	170,546		16	.4
Provision for income taxes	12,598		4	.3	17,017		6	.2			52,648		4	.7	60,699		5	.8
Net Income	$  25,957		8	.8	$   30,829		11	.2	(15	.8)	$   102,298		9	.2	$   109,847		10	.5	(6	.9)
Earnings Per Share:
Basic	$      0.41				$       0.47				(12	.8)	$       1.59				$       1.68				(5	.4)
Diluted	$      0.40				$       0.46				(13	.0)	$       1.56				$       1.64				(4	.9)
Shares:
Basic	64,137				66,073						64,538				65,510
Diluted	64,870				67,635						65,524				67,076

*-Amounts reflect the impact of the restatement of our financial statements as disclosed in our 10-K/A dated April 26, 2005.