Ruby Tuesday 8-K Results of Operations and Financial Condition

RUBY TUESDAY, INC.

Quarterly Financial Results For Fiscal Year 2005
(Amounts in thousands except per share amounts)

Note> The purpose of the quarterly amounts presented below is to provide the readers of the Company’s press release with comparative quarterly income statement information for the Company’s fiscal 2005. The amounts for the 13 weeks ended August 31 and November 30, 2004 reflect the impact of the restatement of our financial statements as disclosed in the respective 10-Q/A’s for the quarters then ended and filed with the Securities and Exchange Commission on May 4, 2005.

	13 Weeks Ended August 31, 2004			13 Weeks Ended November 30, 2004		13 Weeks Ended March 1, 2005			13 Weeks Ended May 31, 2005			52 Weeks Ended May 31, 2005
Revenue:
Restaurant sales and operating revenue	$	262,854		$	254,664	$	285,552		$	291,421		$	1,094,491
Franchise revenue		4,669			3,554		3,611			3,969			15,803
Total operating revenue		267,523			258,218		289,163			295,390			1,110,294
Operating Costs and Expenses:
(as a percent of Restaurant sales and operating revenue)
Cost of merchandise		67,335			66,708		74,244			76,137			284,424
Payroll and related costs		80,103			81,089		88,245			91,458			340,895
Other restaurant operating costs		45,576			44,225		48,529			50,851			189,181
Depreciation and amortization		15,562			16,844		16,906			17,434			66,746
(as a percent of Total operating revenue)
Selling, general and administrative, net		14,828			17,701		19,879			20,081			72,489
Equity in (earnings)/loss of unconsolidated franchises		(1,764	)		219		(836	)		(348	)		(2,729	)
Total operating costs and expenses		221,640			226,786		246,967			255,613			951,006
Earnings before Interest and Taxes		45,883			31,432		42,196			39,777			159,288
Interest expense, net		592			1,167		1,361			1,222			4,342
Pre-tax Profit		45,291			30,265		40,835			38,555			154,946
Provision for income taxes		16,204			10,551		13,295			12,598			52,648
Net Income	$	29,087		$	19,714	$	27,540		$	25,957		$	102,298
Earnings Per Share:
Basic	$	0.45		$	0.30	$	0.43		$	0.41		$	1.59
Diluted	$	0.44		$	0.30	$	0.42		$	0.40		$	1.56
Shares:
Basic		65,244			64,603		64,168			64,137			64,538
Diluted		66,526			65,636		65,063			64,870			65,524