----

| x      | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---------------------------------------------------------------------------------------|
|   | For the Fiscal Year Ended: June 1, 2010                                               |

| o      | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|-------------------------------------------------------------------------------------------|
|   | For the transition period from __________ to _________                                    |

| GEORGIA                                                        |   | 63-0475239                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

|                                    |                                      |
|-----------------------------------------|-------------------------------------------|
| Title of each class                     | Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | New York Stock Exchange                   |

----

  

| Index      |                                                                                                             |
|------------|------------------------------------------------------------------------------------------------------------------|
|       |                                                                                                             |
| PART I     |                                                                                                             |   |
|       |                                                                                                             |   |
| Item 1.    | Business                                                                                                         | 4-9 |
| Item 1A.   | Risk Factors                                                                                                     | 10-16 |
| Item 1B.   | Unresolved Staff Comments                                                                                        | 16 |
| Item 2.    | Properties                                                                                                       | 16-18 |
| Item 3.    | Legal Proceedings                                                                                                | 18 |
| Item 4.    | Reserved                                                                                                         | 18 |
|       |                                                                                                             |   |
| PART II    |                                                                                                             |   |
|       |                                                                                                             |   |
| Item 5.    | Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |  19 |
| Item 6.    | Selected Financial Data                                                                                          | 20 |
| Item 7.    | Management's Discussion and Analysis of Financial Condition and Results of Operations                            | 21-41 |
| Item 7A.   | Quantitative and Qualitative Disclosure About Market Risk                                                        | 41 |
| Item 8.    | Financial Statements and Supplementary Data                                                                      | 42-78 |
| Item 9.    | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                             | 79 |
| Item 9A.   | Controls and Procedures                                                                                          | 79 |
| Item 9B.   | Other Information                                                                                                | 79 |
|       |                                                                                                             |   |
| PART III   |                                                                                                             |   |
|       |                                                                                                             |   |
| Item 10.   | Directors, Executive Officers and Corporate Governance                                                           | 80 |
| Item 11.   | Executive Compensation                                                                                           | 80 |
| Item 12.   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                   | 80 |
| Item 13.   | Certain Relationships and Related Transactions, and Director Independence                                        | 80 |
| Item 14.   | Principal Accounting Fees and Services                                                                           | 80 |
|       |                                                                                                             |   |
| PART IV    |                                                                                                             |   |
|       |                                                                                                             |   |
| Item 15.   | Exhibits and Financial Statement Schedule                                                                        | 81 |
| Signatures |                                                                                                             | 82 |

----

Special Note Regarding Forward-Looking Information

| ·   | general economic conditions; |
|--------------------|------------------------------|

| ·   | changes in promotional, couponing and advertising strategies; |
|--------------------|---------------------------------------------------------------|

| ·   | changes in our guests’ disposable income; |
|--------------------|-------------------------------------------------|

| ·   | consumer spending trends and habits; |
|--------------------|--------------------------------------|

| ·   | increased competition in the restaurant market; |
|--------------------|-------------------------------------------------|

| ·   | laws and regulations affecting labor and employee benefit costs, including further potential increases in state and federally mandated minimum wages; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | guests’ acceptance of changes in menu items; |
|--------------------|----------------------------------------------------|

| ·   | guests’ acceptance of our development prototypes and remodeled restaurants; |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | mall-traffic trends; |
|--------------------|----------------------|

| ·   | changes in the availability and cost of capital; |
|--------------------|--------------------------------------------------|

| ·   | weather conditions in the regions in which Company-owned and franchised restaurants are operated; |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | costs and availability of food and beverage inventory; |
|--------------------|--------------------------------------------------------|

| ·   | our ability to attract qualified managers, franchisees and team members; |
|--------------------|--------------------------------------------------------------------------|

| ·   | impact of adoption of new accounting standards; |
|--------------------|-------------------------------------------------|

| ·   | impact of food-borne illnesses resulting from an outbreak at either Ruby Tuesday or other restaurant concepts; |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | effects of actual or threatened future terrorist attacks in the United States; and |
|--------------------|------------------------------------------------------------------------------------|

| ·   | significant fluctuations in energy prices. |
|--------------------|--------------------------------------------|

----

Item 1. Business

----

----

----

----

----

| Name                 | Age    | Position                                                     |
|----------------------|--------|--------------------------------------------------------------|
|                 |   |                                                         |
| Samuel E. Beall, III | 60     | Chairman of the Board, President and Chief Executive Officer |
| Kimberly M. Grant    | 39     | Executive Vice President                                     |
| Marguerite N. Duffy  | 49     | Senior Vice President, Chief Financial Officer               |
| Nicolas N. Ibrahim   | 49     | Senior Vice President, Chief Technology Officer              |
| Robert F. LeBoeuf    | 48     | Senior Vice President, Chief People Officer                  |
| Mark D. Young        | 43     | Senior Vice President, Chief Marketing Officer               |

----

Item 1A. Risk Factors

----

| ·   | the hiring, training, and retention of excellent restaurant managers and staff;  |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | the ability to timely and effectively meet customer demands and maintain our strong customer base;  |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | the ability to manage costs and prudently allocate capital resources;  |
|--------------------|-----------------------------------------------------------------------------|

| ·   | the ability to create and implement an effective marketing/advertising strategy;  |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | the ability to leverage sales following the completion of our re-imaging initiative; and  |
|--------------------|------------------------------------------------------------------------------------------------|

| ·   | the ability to provide menu items with strong customer preference at attractive prices. |
|--------------------|-----------------------------------------------------------------------------------------|

----

  Alternatively, should we opt to not provide requested support, our franchisees’ financial struggles could accelerate and possibly, in a worst case, lead certain of them to bankruptcy, at which point we would likely be required to make payments according to the terms of any loans for which we had previously provided a guarantyin addition to payments on any leases subleased to franchisees for which we remain primarily liable. 

----

| ·   | economic factors (including economic slowdowns or other inflation-related issues);  |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | demographic changes, particularly with regard to dining and discretionary spending habits, in the areas in which our restaurants are located;  |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes in consumer preferences; |
|--------------------|----------------------------------|

----

| ·   | changes in federal or state income tax laws;  |
|--------------------|----------------------------------------------------|

| ·   | seasonal fluctuations due to the days of the week on which holidays occur, which may impact spending patterns;  |
|--------------------|----------------------------------------------------------------------------------------------------------------------|

| ·   | natural disasters such as hurricanes, tornados, blizzards, floods, or other severe weather;  |
|--------------------|---------------------------------------------------------------------------------------------------|

| ·   | effects of war or terrorist activities and any governmental responses thereto; and  |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | increased insurance and/or self-insurance costs. |
|--------------------|--------------------------------------------------|

----

----

Item 1B. Unresolved Staff Comments 

Item 2. Properties

----

|                    | Number of Restaurants |
|-------------------------|-----------------------|
| State                   | Company               |   | Franchise |   | Total System |
|                    |                  |   |   |   |   |
| Domestic:               |                  |   |   |   |   |
| Alabama                 | 44                    |   | – |   | 44 |
| Arizona                 | 7                     |   | – |   | 7 |
| Arkansas                | –               |   | 7 |   | 7 |
| California              | 1                     |   | 3 |   | 4 |
| Colorado                | –               |   | 11 |   | 11 |
| Connecticut             | 17                    |   | – |   | 17 |
| Delaware                | 7                     |   | – |   | 7 |
| Florida                 | 80                    |   | 1 |   | 81 |
| Georgia                 | 59                    |   | – |   | 59 |
| Idaho    | –               |   | 1 |   | 1 |
| Illinois                | –               |   | 24 |   | 24 |
| Indiana                 | 4                     |   | 9 |   | 13 |
| Iowa                    | –               |   | 5 |   | 5 |
| Kansas                  | –               |   | 2 |   | 2 |
| Kentucky                | 5                     |   | 4 |   | 9 |
| Louisiana               | 5                     |   | – |   | 5 |
| Maine                   | –               |   | 10 |   | 10 |
| Maryland                | 32                    |   | – |   | 32 |
| Massachusetts           | 10                    |   | – |   | 10 |
| Michigan                | 25                    |   | 1 |   | 26 |
| Minnesota               | –               |   | 12 |   | 12 |
| Mississippi             | 8                     |   | – |   | 8 |
| Missouri                | –               |   | 27 |   | 27 |
| Nebraska                | –               |   | 8 |   | 8 |
| Nevada                  | –               |   | 2 |   | 2 |
| New Hampshire           | 5                     |   | – |   | 5 |
| New Jersey              | 26                    |   | – |   | 26 |
| New Mexico              | –               |   | 1 |   | 1 |
| New York                | 25                    |   | 10 |   | 35 |
| North Carolina          | 56                    |   | – |   | 56 |
| North Dakota            | –               |   | 4 |   | 4 |
| Ohio                    | 36                    |   | – |   | 36 |
| Oklahoma                | –               |   | 3 |   | 3 |
| Oregon                  | –               |   | 3 |   | 3 |
| Pennsylvania            | 44                    |   | – |   | 44 |
| Rhode Island            | 3                     |   | – |   | 3 |
| South Carolina          | 34                    |   | – |   | 34 |
| South Dakota            | –               |   | 3 |   | 3 |
| Tennessee               | 41                    |   | – |   | 41 |
| Texas                   | 2                     |   | 2 |   | 4 |
| Utah                    | –               |   | 6 |   | 6 |
| Virginia                | 68                    |   | – |   | 68 |
| Washington              | –               |   | 5 |   | 5 |
| Washington, DC          | 3                     |   | – |   | 3 |
| West Virginia           | 8                     |   | – |   | 8 |
| Wisconsin               | 1                     |   | 1 |   | 2 |
| Total Domestic          | 656                   |   | 165 |   | 821 |

----

|                                                                            |                  |
|---------------------------------------------------------------------------------|-----------------------|
|                                                                            | Number of Restaurants |
| Country                                                                         | Company               |   | Franchise |   | Total System |
|                                                                            |                  |   |   |   |   |
| International:                                                                  |                  |   |   |   |   |
| Canada                                                                          | –               |   | 1 |   | 1 |
| Chile                                                                           | –               |   | 10 |   | 10 |
| Egypt                                                                           | –               |   | 2 |   | 2 |
| Greece                                                                          | –               |   | 4 |   | 4 |
| Guam*                                                                           | –               |   | 1 |   | 1 |
| Hawaii*                                                                         | –               |   | 4 |   | 4 |
| Honduras                                                                        | –               |   | 1 |   | 1 |
| Hong Kong                                                                       | –               |   | 4 |   | 4 |
| Iceland                                                                         | –               |   | 2 |   | 2 |
| India                                                                           | –               |   | 11 |   | 11 |
| Jordan                                                                          | –               |   | 1 |   | 1 |
| Kuwait                                                                          | –               |   | 6 |   | 6 |
| Romania                                                                         | –               |   | 3 |   | 3 |
| Saudi Arabia                                                                    | –               |   | 2 |   | 2 |
| Trinidad                                                                        | –               |   | 3 |   | 3 |
| United Arab Emirates                                                            | –               |   | 3 |   | 3 |
| Total International                                                             | –               |   | 58 |   | 58 |
|                                                                            | 656                   |   | 223 |   | 879 |
|                                                                            |                  |   |
| * Guam and Hawaii are treated as international locations for internal purposes. |                  |

Item 3. Legal Proceedings

Item 4. Reserved

  

----

Item 5. Market for the Registrant's Common Equity,

| Fiscal Year Ended June 1, 2010       |                           | Fiscal Year Ended June 2, 2009 |
|--------------------------------------|--------------------------------|--------------------------------|
|                                 |                           |                           | Per Share |   |   |   |   | Per Share |
|                                 |                           |                           | Cash |   |   |   |   | Cash |
| Quarter                              | High                           | Low                            | Dividends |   | Quarter | High | Low | Dividends |
| First                                | $8.16                          | $5.81                          | -- |   | First | $8.65 | $5.07 | -- |
| Second                               | $9.38                          | $6.12                          | -- |   | Second | $8.84 | $0.96 | -- |
| Third                                | $8.40                          | $6.37                          | -- |   | Third | $2.00 | $1.00 | -- |
| Fourth      |  $12.55    |  $8.12               | -- |   | Fourth |  $8.58  |  $0.85  |      -- |

Issuer Purchases of Equity Securities 

As of June1, 2010, we have achieved the required thresholds for two consecutive fiscal quarters, and thus are now allowed, if our Board of Directors so chooses, to repurchase our stock. 

----

Item 6. Selected Financial Data

|                                                                                                                                   |   | Fiscal Year |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|
|                                                                                                                                   |   |        | 2010  |   |   |   | 2009  |   |   |   | 2008  |   |   |   | 2007  |   |   |   | 2006  |   |
|  Revenue                                                                                                                          |   | $           | 1,194,796 |   |   | $ | 1,248,556 |   |   | $ | 1,360,304 |   |   | $ | 1,410,227 |   |   | $ | 1,306,240 |   |
|                                                                                                                                   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income/(loss) before income taxes (a)                                                                                                  |   | $           | 57,758 |   |   | $ | (42,866 | )  |   | $ | 23,699 |   |   | $ | 132,398 |   |   | $ | 150,958 |   |
| Provision/(benefit) for income taxes                                                                                                   |   |        | 12,414 |   |   |   | (24,948 | )  |   |   | (2,678 | )  |   |   | 40,730 |   |   |   | 49,981 |   |
|                                                                                                                                   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income/(loss)                                                                                                                      |   | $           | 45,344 |   |   | $ | (17,918 | )  |   | $ | 26,377 |   |   | $ | 91,668 |   |   | $ | 100,977 |   |
|                                                                                                                                   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings/(loss) per share:                                                                                                             |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                                                                                          |   | $           | 0.74 |   |   | $ | (0.35 | )  |   | $ | 0.51 |   |   | $ | 1.60 |   |   | $ | 1.67 |   |
|     Diluted                                                                                                        |   | $           | 0.73 |   |   | $ | (0.35 | )  |   | $ | 0.51 |   |   | $ | 1.59 |   |   | $ | 1.65 |   |
|                                                                                                                                   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common and                                                                                                            |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     common equivalent shares:                                                                                      |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                                                                                          |   |        | 61,533 |   |   |   | 51,395 |   |   |   | 51,572 |   |   |   | 57,204 |   |   |   | 60,544 |   |
|     Diluted                                                                                                        |   |        | 61,870 |   |   |   | 51,395 |   |   |   | 51,688 |   |   |   | 57,633 |   |   |   | 61,307 |   |
|                                                                                                                                   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fiscal years 2010, 2009, 2008, and 2007 each included 52 weeks. Fiscal 2006 included 53 weeks. The extra week in fiscal 2006 |
| added $24.5 million to revenue and $0.04 to diluted earnings per share.                                                                |   |        |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other financial data:                                                                                                                  |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Total assets                                                                                                         |   | $           | 1,064,029 |   |   | $ | 1,124,196 |   |   | $ | 1,271,937 |   |   | $ | 1,230,256 |   |   |  $ | 1,171,568 |   |
|    Long-term debt and capital leases, less current                                                                      |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       maturities                                                                                         |   | $           | 276,490 |   |   | $ | 476,566 |   |   | $ | 588,142 |   |   | $ | 512,559 |   |   |  $ | 375,639 |   |
|    Shareholders’ equity                                                                                           |   | $           | 538,100 |   |   | $ | 416,366 |   |   | $ | 431,518 |   |   | $ | 439,326 |   |   |  $ | 527,158 |   |
|    Cash dividends per share of common stock                                                                             |   |        | -- |   |   |   | -- |   |   | $ | 0.25 |   |   | $ | 0.50 |   |   |  $ | 0.045 |   |
|    Closures and impairments (a)                                                                                         |   | $           | 3,776 |   |   | $ | 54,951 |   |   | $ | 6,453 |   |   | $ | 6,140 |   |   |  $ | 1,073 |   |
|    Company same-restaurant sales change                                                                                 |   |        | (1.3 | )% |   |   | (7.9 | )% |   |   | (9.8 | )% |   |   | (1.4 | )% |   |   | 1.4  | % |
|    Net cash provided by operating activities                                                                            |   | $           | 140,264 |   |   | $ | 102,569 |   |   | $ | 101,889 |   |   | $ | 184,662 |   |   |  $ | 191,697 |   |
|    Purchases of property and equipment                                                                                  |   | $           | 17,672 |   |   | $ | 17,186 |   |   | $ | 116,918 |   |   | $ | 125,827 |   |   |  $ |  171,640 |   |

(a) See Note 8 to the Consolidated Financial Statements for a description of closures and impairments expenses in fiscal 2010, 2009, and 2008 and discussion of  a goodwill impairment charge recorded in fiscal 2009.

----

Item 7. Management's Discussion and Analysis

| ·   | Sales initiatives.  Our Ruby Tuesday concept sales initiatives aim to increase guest traffic by focusing primarily on two areas, menu and marketing.  We have evolved our existing menu items to support our high-quality casual dining position, broaden our appeal with product extensionsoffering more variety and cravability, and provide our guests with compelling value.  Our newest menu introduced late in the second |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Cost savings.  In the second half of fiscal 2009, we implemented initiatives focused on driving substantial cost savings at no dilution to the overall guest experience.  These cost savings were the result of labor initiatives, including new scheduling systems and the realignmentof field supervisors, which together accounted for approximately half of the savings.  Disciplined food cost management, improved operating efficiencies, and the closing of certain underperforming restaurants accounted for the remainder.  These initiatives resulted in cost savings of approximately $20.0 million in the second half of fiscal 2009 alone.  Furthermore, our low level of management and labor turnover during fiscal 2010 and 2009 benefitted us two-fold: first, a more experiencedwork force resulted in improved customer service, and second, training costs were greatly reduced. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Restaurant closings.  During our second quarter of fiscal 2009 we conducted an analysis of all our Company-operated restaurants based on profitability, brand image, location, and other factors and identified 73 restaurants to close, 43 of which we closed in the third quarter of fiscal2009 and 16 since.  The remaining 14 restaurants will be closed over the next several years as their leases expire, or possibly converted to other high-quality casual dining concepts as part of our conversion strategy outlined above. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Generate free cash flow and improve our balance sheet.  Because of our high leverage, we have been focused on maximizing our cash flow and paying down our debt.  If we are successful in continuing to stabilize same-restaurant sales and maintainingor lowering our cost structure, we have the opportunity to generate substantial levels of free cash flow.  Furthermore, our near-term capital requirements are relatively modest as we anticipate only opening one or two new Ruby Tuesday restaurants in fiscal 2011, and our maintenance capital spending needs are low because we have remodeled virtually all the Company-owned restaurants within the last two fiscal years.  We define “free cash flow” to be the net amount remainingwhen purchases of property and equipment are subtracted from net cash provided by operating activities. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  Fiscal Year |  Company-Owned |  Domestic Franchise | International Franchise |  Total |
|-------------------|---------------------|--------------------------|-------------------------|-------------|
| 2010              |  656      |  165           | 58                      | 879         |
| 2009              |  672      |  173           | 56                      | 901         |
| 2008              |  721      |  170           | 54                      | 945         |
| 2007              |  680      |  199           | 54                      | 933         |
| 2006              |  629      |  204           | 47                      | 880         |

| ·   | No Company-owned Ruby Tuesday restaurants were opened;  |
|--------------------|--------------------------------------------------------------|

| ·   | 16 Company-owned Ruby Tuesday restaurants were closed;  |
|--------------------|--------------------------------------------------------------|

| ·   | Six (two domestic and four international) franchise restaurants were opened and 12 (10 domestic and two international) were closed;  |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We sold 11.5 million shares of Ruby Tuesday, Inc. common stock in an underwritten public offering, receiving approximately $73.1 million in net proceeds from the sale of the shares, after deducting underwriting discounts and offering expenses. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Five Company-owned Ruby Tuesday restaurants were opened or acquired, including one purchased from a Texas franchisee;  |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------|

| ·   | 54 Company-owned Ruby Tuesday restaurants were closed; |
|--------------------|--------------------------------------------------------|

----

| ·   | Aside from one restaurant sold to the Company, 19 (10 domestic and nine international) franchise restaurants were opened and 13 (six domestic and seven international) were closed;  |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | One Wok-Hay restaurant was opened in a previously-closed Ruby Tuesday location;  |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | We formulated a plan to restructure our property portfolio, which included the closing of 43 restaurants in the third quarter of fiscal 2009 and the planned closing of approximately 30 additional restaurants over the next several years, and wrote-down properties held for sale to facilitate their disposal resulting in closures and impairments expenses asfollows: impairments, $41.1 million; closed restaurant lease reserves, $10.3 million; dead site write-offs, $2.2 million; (gain)/loss on the sale of surplus properties, ($0.7) million; and other adjustments, $2.1 million; and  |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We wrote-off our goodwill of $19.0 million as a result of the overall poor economic conditions, declines in fair value, same-restaurant sales trends at Company-owned restaurants, and weak industry conditions. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fiscal Year | Company-Owned                                                                                                                                                                                                       | Franchise (a)       |
|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|
| 2010        |               $ 1,188.0                                  | $ 368.9   |
| 2009        |                  1,239.1                  |  383.7         |
| 2008        | 1,346.7                                                                                                                                                                                                             |  412.0         |
| 2007        | 1,395.2                                                                                                                                                                                                             |  471.6         |
| 2006        | 1,290.5                                                                                                                                                                                                             |  458.7         |

| (a)   | Includes sales of all domestic and international franchised Ruby Tuesday restaurants. |
|-----------------|---------------------------------------------------------------------------------------|

|                                                 | 2010                      |   | 2009                      | 2008                     |   |
|------------------------------------------------------|---------------------------|--------|---------------------------|--------------------------|--------|
| Company restaurant sales (in thousands)              | $1,188,043                |   | $1,239,104                | $1,346,721               |   |
| Company restaurant sales growth-percentage           |   (4.1)%        |   |   (8.0)%        |   (3.5)%       |   |
|                                                 |                      |   |                      |                     |   |
| Franchise revenue (in thousands) (a)                 | $6,753                    |   | $9,452                    | $13,583                  |   |
| Franchise revenue growth-percentage                  |    (28.6)% |   |    (30.4)% |    (9.5)% |   |
|                                                 |                      |   |                      |                     |   |
| Total revenue (in thousands)                         | $1,194,796                |   | $1,248,556                | $1,360,304               |   |
| Total revenue growth-percentage                      |   (4.3)%        |   |   (8.2)%        |   (3.5)%       |   |
|                                                 |                      |   |                      |                     |   |
| Company same-restaurant sales growth percentage      |   (1.3)%        |   | (7.9)%                    | (9.8)%                   |   |
|                                                 |                      |   |                      |                     |   |
| Company average restaurant volumes                   | $1.79 million             |   | $1.80 million             | $1.90 million            |   |
| Company average restaurant volumes growth percentage |  (0.9)%              |   |  (5.1)%              |  (9.5)%             |   |

| (a)   | Franchise revenue includes royalty, license, and development fees paid to us by our franchisees, exclusive of support service fees of $4.6 million, $6.3 million, and $6.5 million, in fiscal years 2010, 2009, and 2008, respectively, which are recorded as an offset to selling, general, and administrative expenses. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                          | 2010         |   | 2009         | 2008          |   |
|-----------------------------------------------|--------------|--------|--------------|---------------|--------|
| Franchise restaurant sales (in thousands) (a) | $368,937     |   | $383,738     | $411,968      |   |
| Franchise restaurant sales growth-percentage  |  (3.9)% |   |  (6.9)% |  (12.7)% |   |

| (a)   |  Includes sales of all domestic and international franchised Ruby Tuesday restaurants. |
|-----------------|---------------------------------------------------------------------------------------------|

----

|                                                                                   | 2010   |   | 2009   |   | 2008   |   |
|----------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Restaurant sales and operating revenue                                                 | 99.4   | %      | 99.2   | %      | 99.0   | %      |
| Franchise revenue                                                                      | 0.6    |   | 0.8    |   | 1.0    |   |
|    Total revenue                                                        | 100.0  |   | 100.0  |   | 100.0  |   |
| Operating costs and expenses:                                                          |   |   |   |   |   |   |
|    (As a percentage of restaurant sales and operating                   |   |   |   |   |   |   |
|      revenue):                                                |   |   |   |   |   |   |
|      Cost of merchandise                                      | 29.0   |   | 28.2   |   | 27.5   |   |
|      Payroll and related costs                                | 33.4   |   | 34.0   |   | 33.2   |   |
|      Other restaurant operating costs                         | 20.3   |   | 20.7   |   | 20.0   |   |
|      Depreciation and amortization                            | 5.4    |   | 6.1    |   | 7.0    |   |
|    (As a percentage of total revenue):                                  |   |   |   |   |   |   |
|      Selling, general, and administrative, net of support     |   |   |   |   |   |   |
|        service fees                                 | 5.9    |   | 6.6    |   | 8.4    |   |
|      Closures and impairments                                 | 0.3    |   | 4.4    |   | 0.5    |   |
|      Goodwill impairment                                      |   |   | 1.5    |   |   |   |
|      Equity in losses/(earnings) of unconsolidated franchises |   |   |   |   | 0.3    |   |
|      Interest expense, net                                    | 1.4    |   | 2.7    |   | 2.3    |   |
| Total operating costs and expenses                                                     | 95.2   |   | 103.4  |   | 98.3   |   |
| Income/(loss) before income taxes                                                      | 4.8    |   | (3.4   | )      | 1.7    |   |
| Provision/(benefit) for income taxes                                                   | 1.0    |   | (2.0   | )      | (0.2   | )      |
| Net income/(loss)                                                                      | 3.8    | %      | (1.4   | )%     | 1.9    | %      |

----

|                                 | 2009                            |   | 2008                                  |   |
|--------------------------------------|---------------------------------|--------|---------------------------------------|--------|
|                                 |                            |   |                                  |   |
| Total revenue                        | $    29,358 |   | $    65,252       |   |
|                                 |                            |   |                                  |   |
| Cost of merchandise                  | 8,802                           |   | 18,512                                |   |
| Payroll and related costs            | 14,172                          |   | 27,361                                |   |
| Other restaurant operating costs     | 10,129                          |   | 18,365                                |   |
| Depreciation and amortization        | 2,000                           |   | 4,988                                 |   |
| Selling, general, and administrative | 2,098                           |   | 5,021                                 |   |
|                                 | 37,201                          |   | 74,247                                |   |
| Net loss                             |  $   (7,843 | )      |  $    (8,995 | )      |

----

| Utilities                            |   | $      | 3,277  |   |
|--------------------------------------|--------|--------|--------|--------|
| Bad debt expense                     |   |   | 1,960  |   |
| Rent and leasing                     |   |   | 1,535  |   |
| Supplies                             |   |   | 1,050  |   |
| Visa/MasterCard antitrust settlement |   |   | 922    |   |
| Other                                |   |   | 889    |   |
| Repairs                              |   |   | (3,069 | )      |
| Insurance                            |   |   | (1,578 | )      |
| Net reductions                       |   | $      | 4,986  |   |

----

| Repairs          |   | $      | 5,580  |   |
|------------------|--------|--------|--------|--------|
| Supplies         |   |   | 4,819  |   |
| Other            |   |   | 594    |   |
| Utilities        |   |   | (3,025 | )      |
| Bad debt expense |   |   | (2,853 | )      |
|             |   | $      | 5,115  |   |

----

----

|                                             | 2010   | 2009   | 2008     |
|--------------------------------------------------|--------|--------|----------|
| Net cash provided by operating activities        |   | $      | 140,264  |   |   | $ | 102,569 |   |   | $ | 101,889 |   |
| Net cash (used)/provided by investing activities |   |   | (9,439   | ) |   |   | 3,195 |   |   |   | (104,219 | ) |
| Net cash used by financing activities            |   |   | (131,016 | ) |   |   | (112,036 | ) |   |   | (7,530 | ) |
| Net decrease in cash and short-term investments  |   | $      | (191     | ) |   | $ | (6,272 | ) |   | $ | (9,860 | ) |

----

----

----

|                                       |   | June 1, 2010 |    |
|--------------------------------------------|--------|--------------|---------|
| Current portion of long-term debt,         |   |         |    |
|    including capital leases |   | $            | 12,776  |   |
| Long-term debt and capital leases,         |   |         |    |   |
|    less current maturities  |   |         | 276,490 |   |
| Total long-term debt and capital leases    |   |         | 289,266 |   |
| Present value of operating leases*         |   |         | 186,604 |   |
| Letters of credit*                         |   |         | 20,082  |   |
| Guarantees*                                |   |         | 48,032  |   |
| Adjusted Total Debt                        |   | $            | 543,984 |   |

|                                |   | Twelve Months |    |
|-------------------------------------|--------|---------------|---------|
|                                |   | Ended         |    |
|                                |   | June 1, 2010  |    |
| Net income                          |   | $             | 45,344  |   |
| Interest expense                    |   |          | 17,345  |   |
| Income taxes                        |   |          | 12,414  |   |
| Depreciation                        |   |          | 63,767  |   |
| Amortization of intangibles         |   |          | 652     |   |
| Rent expense                        |   |          | 42,460  |   |
| Share-based compensation expense    |   |          | 7,266   |   |
| Asset impairments                   |   |          | 3,181   |   |
| Equity in losses of subsidiaries    |   |          | 328     |   |
| Bad debt expense                    |   |          | 1,730   |   |
| Amortization of debt issuance costs |   |          | 1,941   |   |
| Non-cash accruals                   |   |          | 3,584   |   |
| Other                               |   |          | 582     |   |
| Consolidated EBITDAR                |   | $             | 200,594 |   |

| Adjusted Total Debt to Consolidated EBITDAR – Actual | 2.71x |
|------------------------------------------------------------|-------|
| Maximum allowed per covenant (1)                           | 3.75x |

----

|                 | Twelve Months |   |
|----------------------|---------------|--------|
|                 | Ended         |   |
|                 | June 1, 2010  |   |
| Consolidated EBITDAR |          | $      | 200,594 |   |
|                 |          |   |   |   |
| Interest expense     |          | $      | 17,345 |   |
| Cash rents*          |          |   | 39,551 |   |
| Total                |          | $      | 56,896 |   |

| Fixed Charge Covenant – Actual | 3.53x |
|--------------------------------------|-------|
| Minimum allowed per covenant (2)     | 2.25x |

----

| Cash rents                                                        |   | $      | 39,551 |    |
|-------------------------------------------------------------------|--------|--------|--------|---------|
| Change in rent accruals                                           |   |   | 1,260  |    |
| Change in closed restaurant lease reserve – rent  |   |   | (4,634 | )  |
| Rent settlement payments on closed restaurants                    |   |   | 6,283  |    |
| GAAP-based rent expense                                           |   | $      | 42,460 |    |

|                                                               |  Payments Due By Period     |
|--------------------------------------------------------------------|----------------------------------|
|                                                               |                             | Less than | 1-3 | 3-5 | More than 5 |
|                                                               | Total                            | 1 year | years | years | years |
| Notes payable and other   long-term debt, including |                             |   |   |   |   |   |   |   |   |   |
|    current maturities (a)                      | $     37,024 |   | $      4,552 |   | $     10,446 |   | $      7,154 |   | $     14,872 |   |
| Revolving credit facility (a)                                      | 203,800                          |   |   |   | 203,800 |   |   |   |   |   |
| Senior notes (Series B) (a)                                        | 48,442                           |   | 8,224 |   | 40,218 |   |   |   |   |   |
| Interest (b)                                                       | 24,586                           |   | 6,473 |   | 9,648 |   | 3,241 |   | 5,224 |   |
| Operating leases (c)                                               | 335,608                          |   | 39,408 |   | 71,410 |   | 58,492 |   | 166,298 |   |
| Purchase obligations (d)                                           | 114,419                          |   | 56,684 |   | 25,867 |   | 21,292 |   | 10,576 |   |
| Pension obligations (e)                                            | 37,362                           |   | 10,612 |   | 6,070 |   | 5,426 |   | 15,254 |   |
|    Total (f)                                        | $  801,241             |   | $  125,953 |   | $  367,459 |   | $   95,605 |   | $  212,224 |   |

| (a)   | See Note 7 to the Consolidated Financial Statements for more information on our debt. |
|-----------------|---------------------------------------------------------------------------------------|

| (b)   | Amounts represent contractual interest payments on our fixed-rate debt instruments.  Interest payments on our variable-rate revolving credit facility and variable-rate notes payable with balances of $203.8 million and $2.3 million, respectively, as of June 1, 2010 have been excluded from the amounts shown above, primarily because the balanceoutstanding under our revolving credit facility, described further in Note 7 of the Consolidated Financial Statements, fluctuates daily.  Additionally, the amounts shown above include interest payments on the Series B Notes at the current interest rate of 7.17%.  This rate could be different in the future based upon certain leverage ratios. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | This amount includes operating leases totaling $18.2 million for which sublease income from franchisees or others is expected.  Certain of these leases obligate us to pay maintenance costs, utilities, real estate taxes, and insurance, which are excluded from the amounts shown above.  See Note 6 to the Consolidated Financial Statementsfor more information. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | The amounts for purchase obligations include cash commitments under contract for food items and supplies, utility contracts, and other miscellaneous commitments. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | See Note 9 to the Consolidated Financial Statements for more information. |
|-----------------|---------------------------------------------------------------------------|

| (f)   | This amount excludes $3.4 million of unrecognized tax benefits due to the uncertainty regarding the timing of future cash outflows associated with such obligations. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                          |  Payments Due By Period    |
|-------------------------------|---------------------------------|
|                          |                            | Less than | 1-3 | 3-5 | More than 5 |
|                          | Total                           | 1 year | years | years | years |
| Letters of credit (a)         | $    20,082      |   | $    19,782 |   | $        300 |   | $             |   | $             |   |
| Franchise loan guarantees (a) | 48,029                          |   | 47,321 |   | 708 |   |   |   |   |   |
| Divestiture guarantees        | 6,479                           |   | 480 |   | 984 |   | 995 |   | 4,020 |   |
|    Total       | $    74,590 |   | $    67,583 |   | $     1,992 |   | $      995 |   | $   4,020 |   |

| (a)   | Includes a $3.7 million letter of credit which secures franchisees’ borrowings for construction of restaurants being financed under a franchise loan facility.  The franchise loan guarantees totaling $48.0 million also shown in the table exclude the guarantee of $3.7 million for construction to date on the restaurants being financed underthe facility. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

Share-based compensation expense is estimated for equity awards at fair value at the grant date.  We determine the fair value of restricted stock awards based on the closing price of our common stock on the date prior to approval of the award by our Board of Directors.  We determine the fair value of stockoption awards using the Black-Scholes option pricing model.  The Black-Scholes option pricing model requires various highly judgmental assumptions including the expected dividend yield, stock price volatility and life of the award.  If any of the assumptions used in the model change significantly, share-based compensation expense may differ materially in the future from that recorded in the current period.  See Note 11 to the Consolidated Financial Statements for further discussionof share-based employee compensation. 

----

| ·   | terms (including interest rate, original note date, payoff date, and principal and interest start dates); |
|--------------------|-----------------------------------------------------------------------------------------------------------|

| ·   | note amounts (including the original balance, current balance, associated debt guarantees, and total exposure); and |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | other relevant information including whether the borrower is making timely interest, principal, royalty, and support payments, the borrower’s debt coverage ratios, the borrower’s current financial condition and sales trends, the borrower’s additional borrowing capacity, and, as appropriate, management’s judgment on the qualityof the borrower’s operations. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

Item 7A. Quantitative and Qualitative

----

Item 8. Financial Statements and Supplementary Data

|                                                                                                  |   |
|-------------------------------------------------------------------------------------------------------|--------|
| Consolidated Statements of Operations for the Fiscal Years Ended                                      |   |
|       June 1, 2010, June 2, 2009, and June 3, 2008                      | 43     |
|                                                                                                  |   |
| Consolidated Balance Sheets as of June 1, 2010 and June 2, 2009                                       | 44     |
|                                                                                                  |   |
| Consolidated Statements of Shareholders' Equity and Comprehensive Income/(Loss)                       |   |
|      for the Fiscal Years Ended June 1, 2010, June 2, 2009, and June 3, 2008 | 45     |
|                                                                                                  |   |
| Consolidated Statements of Cash Flows for the Fiscal Years Ended                                      |   |
|      June 1, 2010, June 2, 2009, and June 3, 2008                            | 46     |
|                                                                                                  |   |
| Notes to Consolidated Financial Statements                                                            | 47-76  |
|                                                                                                  |   |
| Reports of Independent Registered Public Accounting Firm                                              | 77-78  |

----

|  Ruby Tuesday, Inc. and Subsidiaries                                             |   |                      |        |
|---------------------------------------------------------------------------------------|--------|---------------------------|-------------|
| Consolidated Financial Statements                                                     |   |                      |        |
| Consolidated Statements of Operations                                                 |   |                      |        |
| (In thousands, except per-share data)                                                 |   |                      |        |
|                                                                                  |   |                      |        |
|                                                                                  |   | For the Fiscal Year Ended |        |
|                                                                                  |   | June 1,                   |        |   | June 2, |   |   | June 3, |   |
|                                                                                  |   | 2010                      |        |   | 2009 |   |   | 2008 |   |
|                                                                                  |   |                      |        |   |   |   |   |   |   |
| Revenue:                                                                              |   |                      |        |   |   |   |   |   |   |
|  Restaurant sales and operating revenue                                          |   | $                         | 1,188,043   |   |   | $ | 1,239,104 |   |   | $ | 1,346,721 |   |
|  Franchise revenue                                                               |   |                      | 6,753       |   |   |   | 9,452 |   |   |   | 13,583 |   |
|                                                                                  |   |                      | 1,194,796   |   |   |   | 1,248,556 |   |   |   | 1,360,304 |   |
|                                                                                  |   |                      |        |   |   |   |   |   |   |   |   |   |
| Operating costs and expenses:                                                         |   |                      |        |   |   |   |   |   |   |   |   |   |
|  Cost of merchandise                                                             |   |                      | 344,462     |   |   |   | 349,362 |   |   |   | 370,693 |   |
|  Payroll and related costs                                                       |   |                      | 396,877     |   |   |   | 421,023 |   |   |   | 446,910 |   |
|  Other restaurant operating costs                                                |   |                      | 240,947     |   |   |   | 256,063 |   |   |   | 269,414 |   |
|  Depreciation and amortization                                                   |   |                      | 63,767      |   |   |   | 74,973 |   |   |   | 93,845 |   |
|  Selling, general, and administrative, net of support service                    |   |                      |        |   |   |   |   |   |   |   |   |   |
|     fee income totaling $4,610 in 2010, $6,295 in 2009            |   |                      |        |   |   |   |   |   |   |   |   |   |
|     and $6,511 in 2008                                            |   |                      | 70,526      |   |   |   | 82,167 |   |   |   | 114,403 |   |
|  Closures and impairments                                                        |   |                      | 3,776       |   |   |   | 54,951 |   |   |   | 6,453 |   |
|  Goodwill impairment                                                             |   |                      |        |   |   |   | 18,957 |   |   |   |   |   |
|  Equity in losses/(earnings) of unconsolidated franchises                        |   |                      | 328         |   |   |   | (14 | ) |   |   | 3,535 |   |
|  Interest expense, net of interest income totaling                               |   |                      |        |   |   |   |   |   |   |   |   |   |
|     $990 in 2010, $1,052 in 2009 and $1,411 in 2008               |   |                      | 16,355      |   |   |   | 33,940 |   |   |   | 31,352 |   |
|                                                                                  |   |                      | 1,137,038   |   |   |   | 1,291,422 |   |   |   | 1,336,605 |   |
|                                                                                  |   |                      |        |   |   |   |   |   |   |   |   |   |
| Income/(loss) before income taxes                                                     |   |                      | 57,758      |   |   |   | (42,866 | ) |   |   | 23,699 |   |
| Provision/(benefit) for income taxes                                                  |   |                      | 12,414      |   |   |   | (24,948 | ) |   |   | (2,678 | ) |
|                                                                                  |   |                      |        |   |   |   |   |   |   |   |   |   |
| Net income/(loss)                                                                     |   | $                         | 45,344      |   |   | $ | (17,918 | ) |   | $ | 26,377 |   |
|                                                                                  |   |                      |        |   |   |   |   |   |   |   |   |   |
| Earnings/(loss) per share:                                                            |   |                      |        |   |   |   |   |   |   |   |   |   |
|     Basic                                                         |   | $                         |   0.74 |   |   | $ | (0.35 | ) |   | $ | 0.51 |   |
|     Diluted                                                       |   | $                         |   0.73 |   |   | $ | (0.35 | ) |   | $ | 0.51 |   |
|                                                                                  |   |                      |        |   |   |   |   |   |   |   |   |   |
| Weighted average shares:                                                              |   |                      |        |   |   |   |   |   |   |   |   |   |
|     Basic                                                         |   |                      | 61,533      |   |   |   | 51,395 |   |   |   | 51,572 |   |
|     Diluted                                                       |   |                      | 61,870      |   |   |   | 51,395 |   |   |   | 51,688 |   |
|                                                                                  |   |
| The accompanying notes are an integral part of the consolidated financial statements. |   |

----

Ruby Tuesday, Inc. and Subsidiaries

|                                                                                                                                   |   | June 1,2010 |      |   | June 2,2009 |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|-----------|--------|-------------|--------|
| Assets:                                                                                                                                |   |        |      |   |        |   |
| Current assets:                                                                                                                        |   |        |      |   |        |   |
|     Cash and short-term investments                                                                                |   | $           | 9,569     |   |        | $      | 9,760 |   |
|     Accounts and notes receivable, net                                                                             |   |        | 9,746     |   |        |   | 8,095 |   |
|     Inventories:                                                                                                   |   |        |      |   |        |   |   |   |
|          Merchandise                                                                      |   |        | 21,145    |   |        |   | 12,838 |   |
|          China, silver and supplies                                                       |   |        | 7,668     |   |        |   | 8,187 |   |
|     Income tax receivable                                                                                          |   |        |      |   |        |   | 8,632 |   |
|     Deferred income taxes                                                                                          |   |        | 13,794    |   |        |   | 15,918 |   |
|     Prepaid rent and other expenses                                                                                |   |        | 11,154    |   |        |   | 13,423 |   |
|     Assets held for sale                                                                                           |   |        | 3,234     |   |        |   | 16,120 |   |
|          Total current assets                                                             |   |        | 76,310    |   |        |   | 92,973 |   |
|                                                                                                                                   |   |        |      |   |        |   |   |   |
| Property and equipment, net                                                                                                            |   |        | 943,486   |   |        |   | 985,099 |   |
| Notes receivable, net                                                                                                                  |   |        | 269       |   |        |   | 713 |   |
| Other assets                                                                                                                           |   |        | 43,964    |   |        |   | 45,411 |   |
| Total assets                                                                                                                           |   | $           | 1,064,029 |   |        | $      | 1,124,196 |   |
|                                                                                                                                   |   |        |      |   |        |   |   |   |
| Liabilities and Shareholders' Equity:                                                                                                  |   |        |      |   |        |   |   |   |
| Current liabilities:                                                                                                                   |   |        |      |   |        |   |   |   |
|     Accounts payable                                                                                                    |   | $           | 22,951    |   |        | $      | 21,859 |   |
|     Accrued liabilities:                                                                                           |   |        |      |   |        |   |   |   |
|          Taxes, other than income taxes                                                   |   |        | 19,905    |   |        |   | 19,120 |   |
|          Payroll and related costs                                                             |   |        | 22,425    |   |        |   | 12,688 |   |
|          Insurance                                                                             |   |        | 8,219     |   |        |   | 8,369 |   |
|          Deferred revenue – gift cards                                                   |   |        | 8,473     |   |        |   | 8,046 |   |
|          Rent and other                                                                        |   |        | 18,983    |   |        |   | 27,076 |   |
|      Current maturities of long-term debt, including capital leases                                           |   |        | 12,776    |   |        |   | 16,841 |   |
|      Income tax payable                                                                                       |   |        | 1,049     |   |        |   |   |   |
|          Total current liabilities                                                        |   |        | 114,781   |   |        |   | 113,999 |   |
|                                                                                                                                   |   |        |      |   |        |   |   |   |
| Long-term debt and capital leases, less current maturities                                                                             |   |        | 276,490   |   |        |   | 476,566 |   |
| Deferred income taxes                                                                                                                  |   |        | 40,010    |   |        |   | 20,706 |   |
| Deferred escalating minimum rent                                                                                                       |   |        | 42,305    |   |        |   | 41,010 |   |
| Other deferred liabilities                                                                                                             |   |        | 52,343    |   |        |   | 55,549 |   |
| Total liabilities                                                                                                                      |   |        | 525,929   |   |        |   | 707,830 |   |
|                                                                                                                                   |   |        |      |   |        |   |   |   |
| Commitments and contingencies (Note 12)                                                                                                |   |        |      |   |        |   |   |   |
|                                                                                                                                   |   |        |      |   |        |   |   |   |
| Shareholders’ equity:                                                                                                            |   |        |      |   |        |   |   |   |
|      Common stock, $0.01 par value; (authorized:  100,000  shares;                        |   |        |      |   |        |   |   |   |
|           issued:  2010 – 64,492 shares, 2009 – 52,806 shares) |   |        | 645       |   |        |   | 528 |   |
|      Capital in excess of par value                                                                           |   |        | 98,337    |   |        |   | 20,804 |   |
|      Retained earnings                                                                                        |   |        | 452,295   |   |        |   | 406,951 |   |
|      Deferred compensation liability payable in Company stock                                                 |   |        | 2,036     |   |        |   | 2,200 |   |
|      Company stock held by Deferred Compensation Plan                                                         |   |        | (2,036    | )      |        |   | (2,200 | ) |
|      Accumulated other comprehensive loss                                                                     |   |        | (13,177   | )      |        |   | (11,917 | ) |
|                                                                                                                                   |   |        | 538,100   |   |        |   | 416,366 |   |
| Total liabilities and shareholders' equity                                                                                             |   | $           | 1,064,029 |   |        | $      | 1,124,196 |   |

----

| Ruby Tuesday, Inc. and Subsidiaries                                           |
|-------------------------------------------------------------------------------|
| Consolidated Statements of Shareholders’ Equity                         |
| and Comprehensive Income/(Loss)                                               |
| (In thousands, except per-share data)                                         |
|                                                                          |   |   |   |   |   |   |   |   |   |   | Company Stock |   |   |   |   |   |   |
|                                                                          |   |   |   |   |   |   |   |   | Held by the |   | Accumulated |   |   |   |   |
|                                                                          | Common Stock |   | Capital In |   |   |   | Deferred |   | Deferred |   | Other |   | Total |   |   |
|                                                                          | Issued |   | Excess of |   | Retained |   | Compensation |   | Compensation |   | Comprehensive |   | Shareholders’ |   |   |
| Shares                                                                        |   | Amount | Par Value | Earnings | Liability | Plan | Loss | Equity |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, June 6, 2007                                                         | 53,240 |   | $532 |   | $2,246 |   | $446,584 |   | $3,861 |   | $(3,861 | ) | $(10,036 | ) | $439,326 |   |   |
|    Net income                                                  |   |   |   |   |   |   | 26,377 |   |   |   |   |   |   |   | 26,377 |   |   |
|    Pension and post-retirement                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        benefit plans, net of taxes         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        of $223                             |   |   |   |   |   |   |   |   |   |   |   |   | 339 |   | 339 |   |   |
|    Comprehensive income                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 26,716 |   |   |
|    Adjustment to initially apply                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        FIN 48                              |   |   |   |   |   |   | (34 | ) |   |   |   |   |   |   | (34 | ) |   |
|    Issuance of restricted stock                                | 1,073 |   | 11 |   | (11 | ) |   |   |   |   |   |   |   |   | 0 |   |   |
|    Shares issued for stock option                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        exercises                           | 124 |   | 1 |   | 4,741 |   |   |   |   |   |   |   |   |   | 4,742 |   |   |
|    Share-based compensation                                    |   |   |   |   | 13,385 |   |   |   |   |   |   |   |   |   | 13,385 |   |   |
|    Cash dividends of $0.25                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        per common share                    |   |   |   |   |   |   | (13,126 | ) |   |   |   |   |   |   | (13,126 | ) |   |
|    Stock repurchases                                           | (1,665 | ) | (16 | ) | (5,280 | ) | (34,195 | ) |   |   |   |   |   |   | (39,491 | ) |   |
|    Changes in Deferred                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Compensation Plan                   |   |   |   |   |   |   |   |   | (984 | ) | 984 |   |   |   | 0 |   |   |
| Balance, June 3, 2008                                                         | 52,772 |   | 528 |   | 15,081 |   | 425,606 |   | 2,877 |   | (2,877 | ) | (9,697 | ) | 431,518 |   |   |
|    Net loss                                                    |   |   |   |   |   |   | (17,918 | ) |   |   |   |   |   |   | (17,918 | ) |   |
|    Pension and post-retirement                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        benefit plans, net of taxes         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        of $1,372                           |   |   |   |   |   |   |   |   |   |   |   |   | (2,085 | ) | (2,085 | ) |   |
|    Comprehensive loss                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (20,003 | ) |   |
|    Adjustment to change measurement                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        date of pension and post-retirement |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        benefit plans, net of taxes of $237 |   |   |   |   |   |   | (360 | ) |   |   |   |   | (135 | ) | (495 | ) |   |
|        and $89, respectively               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Adjustment to split-dollar life                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        insurance, net of taxes of $248     |   |   |   |   |   |   | (377 | ) |   |   |   |   |   |   | (377 | ) |   |
|    Shares issued pursuant to                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        compensation plans, net of          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        cancellations                       | 34 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Share-based compensation, net of                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        taxes of $274                       |   |   |   |   | 5,723 |   |   |   |   |   |   |   |   |   | 5,723 |   |   |
|    Changes in Deferred                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Compensation Plan                   |   |   |   |   |   |   |   |   | (677 | ) | 677 |   |   |   | 0 |   |   |
| Balance, June 2 2009                                                          | 52,806 |   | 528 |   | 20,804 |   | 406,951 |   | 2,200 |   | (2,200 | ) | (11,917 | ) | 416,366 |   |   |
|    Net income                                                  |   |   |   |   |   |   | 45,344 |   |   |   |   |   |   |   | 45,344 |   |   |
|    Pension and post-retirement                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        benefit plans, net of taxes         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        of $829                             |   |   |   |   |   |   |   |   |   |   |   |   | (1,260 | ) | (1,260 | ) |   |
|    Comprehensive income                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 44,084 |   |   |
|    Common stock offering                                       | 11,500 |   | 115 |   | 73,010 |   |   |   |   |   |   |   |   |   | 73,125 |   |   |
|    Shares issued pursuant to                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        compensation plans, net of          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        cancellations                       | 186 |   | 2 |   | (2 | ) |   |   |   |   |   |   |   |   | 0 |   |   |
|    Share-based compensation, net of                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        taxes of $2,741                     |   |   |   |   | 4,525 |   |   |   |   |   |   |   |   |   | 4,525 |   |   |
|    Changes in Deferred                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        Compensation Plan                   |   |   |   |   |   |   |   |   | (164 | ) | 164 |   |   |   | 0 |   |   |
| Balance, June 1, 2010                                                         | 64,492 |   | $645 |   | $98,337 |   | $452,295 |   | $2,036 |   | $(2,036) |   | $(13,177 | ) | $538,100 |   |   |

----

Ruby Tuesday, Inc. and Subsidiaries

| (In thousands)                                                                                                                                        |   | For the Fiscal Year Ended |     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|----------|
|                                                                                                                                                  |   | June 1, 2010              |     |   | June 2, 2009 |   |   | June 3, 2008 |   |
| Operating activities:                                                                                                                                 |   |                      |     |   |   |   |   |   |   |
|      Net income/(loss)                                                                                                       |   | $                         | 45,344   |   |   | $ | (17,918 | ) |   | $ | 26,377 |   |
|      Adjustments to reconcile net income/(loss) to net                                                                       |   |                      |     |   |   |   |   |   |   |   |   |   |
|         cash provided by operating activities:                                                                |   |                      |     |   |   |   |   |   |   |   |   |   |
|             Depreciation and amortization                                                 |   |                      | 63,767   |   |   |   | 74,973 |   |   |   | 93,845 |   |
|             Amortization of intangibles                                                   |   |                      | 652      |   |   |   | 726 |   |   |   | 716 |   |
|              Provision for bad debts                                                 |   |                      | 1,730    |   |   |   | 3,690 |   |   |   | 837 |   |
|              Deferred income taxes                                                   |   |                      | 19,516   |   |   |   | (16,315 | ) |   |   | (5,679 | ) |
|              Loss on impairments, including disposition of assets                    |   |                      | 3,059    |   |   |   | 42,500 |   |   |   | 4,172 |   |
|              Goodwill impairment                                                     |   |                      |     |   |   |   | 18,957 |   |   |   |   |   |
|              Equity in losses/(earnings) of unconsolidated franchises                |   |                      | 328      |   |   |   | (14 | ) |   |   | 3,535 |   |
|              Share-based compensation expense                                        |   |                      | 7,266    |   |   |   | 6,007 |   |   |   | 12,989 |   |
|              Distributions received from unconsolidated franchises                   |   |                      |     |   |   |   |   |   |   |   | 68 |   |
|              Excess tax benefits from share-based compensation                       |   |                      |     |   |   |   |   |   |   |   | (384 | ) |
|              Other                                                                   |   |                      | 1,941    |   |   |   | 1,869 |   |   |   | 653 |   |
|              Changes in operating assets and liabilities:                            |   |                      |     |   |   |   |   |   |   |   |   |   |
|                  Receivables                                     |   |                      | (2,748   | ) |   |   | 33 |   |   |   | 5,268 |   |
|                  Inventories                                     |   |                      | (7,788   | ) |   |   | 329 |   |   |   | (247 | ) |
|                  Income taxes                                    |   |                      | 9,681    |   |   |   | (924 | ) |   |   | (13,054 | ) |
|                  Prepaid and other assets                        |   |                      | (2,281   | ) |   |   | 6,911 |   |   |   | (3,390 | ) |
|                  Accounts payable, accrued and other liabilities |   |                      | (203     | ) |   |   | (18,255 | ) |   |   | (23,817 | ) |
| Net cash provided by operating activities                                                                                                             |   |                      | 140,264  |   |   |   | 102,569 |   |   |   | 101,889 |   |
|                                                                                                                                                  |   |                      |     |   |   |   |   |   |   |   |   |   |
| Investing activities:                                                                                                                                 |   |                      |     |   |   |   |   |   |   |   |   |   |
|      Purchases of property and equipment                                                                                     |   |                      | (17,672  | ) |   |   | (17,186 | ) |   |   | (116,918 | ) |
|      Acquisition of franchise and other entities                                                                             |   |                      |     |   |   |   | (673 | ) |   |   | (2,464 | ) |
|      Proceeds from disposal of assets                                                                                        |   |                      | 5,479    |   |   |   | 11,660 |   |   |   | 8,395 |   |
|      Insurance proceeds from property claims                                                                                 |   |                      |     |   |   |   |   |   |   |   | 511 |   |
|      Reductions in Deferred Compensation Plan assets                                                                         |   |                      | 694      |   |   |   | 6,643 |   |   |   | 8,220 |   |
|      Other, net                                                                                                              |   |                      | 2,060    |   |   |   | 2,751 |   |   |   | (1,963 | ) |
| Net cash (used)/provided by investing activities                                                                                                      |   |                      | (9,439   | ) |   |   | 3,195 |   |   |   | (104,219 | ) |
|                                                                                                                                                  |   |                      |     |   |   |   |   |   |   |   |   |   |
| Financing activities:                                                                                                                                 |   |                      |     |   |   |   |   |   |   |   |   |   |
|      Net (payments)/proceeds on revolving credit facility                                                                    |   |                      | (115,300 | ) |   |   | (95,300 | ) |   |   | 68,412 |   |
|      Principal payments on other long-term debt                                                                              |   |                      | (88,841  | ) |   |   | (16,736 | ) |   |   | (21,220 | ) |
|      Proceeds from issuance of stock, net of fees                                                                            |   |                      | 73,125   |   |   |   |   |   |   |   | 2,225 |   |
|      Excess tax benefits from share-based compensation                                                                       |   |                      |     |   |   |   |   |   |   |   | 384 |   |
|      Stock repurchases                                                                                                       |   |                      |     |   |   |   |   |   |   |   | (39,491 | ) |
|      Dividends paid                                                                                                          |   |                      |     |   |   |   |   |   |   |   | (13,126 | ) |
|      Payments for debt issuance costs                                                                                        |   |                      |     |   |   |   |   |   |   |   | (4,714 | ) |
| Net cash used by financing activities                                                                                                                 |   |                      | (131,016 | ) |   |   | (112,036 | ) |   |   | (7,530 | ) |
|                                                                                                                                                  |   |                      |     |   |   |   |   |   |   |   |   |   |
| Decrease in cash and short-term investments                                                                                                           |   |                      | (191     | ) |   |   | (6,272 | ) |   |   | (9,860 | ) |
| Cash and short-term investments:                                                                                                                      |   |                      |     |   |   |   |   |   |   |   |   |   |
|      Beginning of year                                                                                                       |   |                      | 9,760    |   |   |   | 16,032 |   |   |   | 25,892 |   |
|      End of year                                                                                                             |   | $                         | 9,569    |   |   | $ | 9,760 |   |   | $ | 16,032 |   |
|                                                                                                                                                  |   |                      |     |   |   |   |   |   |   |   |   |   |
| Supplemental disclosure of cash flow information-                                                                                                     |   |                      |     |   |   |   |   |   |   |   |   |   |
|      Cash paid/(received) for:                                                                                               |   |                      |     |   |   |   |   |   |   |   |   |   |
|       Interest, net of amount capitalized                                                                               |   | $                         | 18,944   |   |   | $ | 34,171 |   |   | $ | 34,234 |   |
|       Income taxes, net                                                                                                 |   | $                         | (14,100  | ) |   | $ | (7,050 | ) |   | $ | 19,666 |   |
| Significant non-cash investing and financing activities-                                                                                              |   |                      |     |   |   |   |   |   |   |   |   |   |
|      Retirement of fully depreciated assets                                                                                  |   | $                         | 27,491   |   |   | $ | 45,445 |   |   | $ | 20,531 |   |
|      Reclassification of properties to assets held for sale or receivables                                                   |   | $                         | (8,175   | ) |   | $ | 9,580 |   |   | $ | 9,080 |   |
|      Assumption of debt and capital leases related to franchise                                                              |   |                      |     |   |   |   |   |   |   |   |   |   |
|         partnership acquisitions                                                                              |   |                      |     |   |   |   |   |   |   | $ | 43,914 |   |
|      Liability for claim settlements and insurance receivables                                                               |   | $                         | 2,607    |   |   | $ | (660 | ) |   | $ | (4,453 | ) |
|                                                                                                                                        |   |                      |     |   |   |   |   |   |   |
| The accompanying notes are an integral part of the consolidated financial statements.                                                                 |   |                      |     |   |   |   |   |   |   |

----

Ruby Tuesday, Inc. and Subsidiaries

|                                    | 2009                                                  | 2008                                     |
|-----------------------------------------|-------------------------------------------------------|------------------------------------------|
|                                    | As presented                                          | Reclassification                         | As adjusted | As presented | Reclassification | As adjusted |
| (Income)/loss from Specialty            |                                                  |                                     |   |   |   |   |
|    Restaurant Group, LLC |                                                  |                                     |   |   |   |   |
|    bankruptcy costs      | $        (52) | $     52        | $            – | $              288 | $    (288) | $            – |
| Closures and impairments                |     55,003                        |       (52) |       54,951 |              6,165 |       288 |         6,453 |

----

----

----

| Balance at June 3, 2008            |  $   18,927                                                        |
|------------------------------------|----------------------------------------------------------------------------------------|
| Acquisitions                       |              30       |
| Impairment                         |      (18,957)                                                 |
| Balance at June 2, 2009            |                                                                                   |
|    and June 1, 2010 |  $            – |

----

|                        | 2010                |   | 2009                          |
|-----------------------------|---------------------|--------|-------------------------------|
|                        | GrossCarryingAmount |   |  AccumulatedAmortization |   | GrossCarryingAmount |   |  AccumulatedAmortization |
|                        |                |   |                          |   |   |   |   |
| Trademarks                  | $ 1,659             |   | $ 1,222                       |   | $ 1,648 |   | $ 1,087 |
| Reacquired franchise rights |    4,658  |   | 1,780                         |   |    4,809 |   | 1,364 |
|                        | $ 6,317             |   | $ 3,002                       |   | $ 6,457 |   | $ 2,451 |

| ·   | Level 1 – Observable inputs such as quoted prices in active markets for identical assets or liabilities; |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 3 – Unobservable inputs which require the reporting entity to develop its own assumptions. |
|--------------------|--------------------------------------------------------------------------------------------------------|

----

----

| Fiscal Year |   | Franchise Partnerships |   | Other Domestic |   | International |   | Total |
|-------------|--------|------------------------|--------|----------------|--------|---------------|--------|-------|
| 2010        |   | –                |   | 2              |   | 4             |   | 6     |
| 2009        |   | –                |   | 10             |   | 9             |   | 19    |
| 2008        |   | 5                      |   | 4              |   | 5             |   | 14    |

----

|                                                    | 2010   |   | 2009   |
|---------------------------------------------------------|--------|--------|--------|
|                                                    |   |   |   |   |   |
| Rebates receivable                                      | $      | 643    |   | $ | 590 |
| Amounts due from franchisees                            |   | 5,439  |   |   | 3,797 |
| Other receivables                                       |   | 3,508  |   |   | 1,822 |
| Current portion of notes receivable                     |   | 4,603  |   |   | 6,434 |
|                                                    |   | 14,193 |   |   | 12,643 |
| Less allowances for doubtful notes and equity           |   |   |   |   |   |
|        method losses |   | 4,447  |   |   | 4,548 |

|   | $ | 9,746 |   | $ | 8,095 |
|--------|---|-------|--------|---|-------|

----

|                                                                | 2010   |   | 2009   |
|---------------------------------------------------------------------|--------|--------|--------|
|                                                                |   |   |   |   |   |
| Notes receivable from domestic franchisees                          | $      | 7,026  |   | $ | 9,644 |
| Less current maturities (included in accounts and                   |   |   |   |   |   |
|        notes receivable)         |   | 4,603  |   |   | 6,434 |
|                                                                |   | 2,423  |   |   | 3,210 |
| Less allowances for doubtful notes and equity                       |   |   |   |   |   |
|        method losses, noncurrent |   | 2,154  |   |   | 2,497 |
| Total notes receivable, net -- noncurrent                      | $      | 269    |   | $ | 713 |

  During the fourth quarter of fiscal2010, the note associated with one of our 1%-owned franchise partnerships was restructured to extend the maturity date from May 10, 2010 to May 10, 2011.  All of the refranchising notes accrue interest at 10.0% per annum. 

----

| 2011             |   | $   4,603 |
|------------------|--------|---------------------|
| 2012             |   | 744                 |
| 2013             |   | 530                 |
| 2014             |   | 410                 |
| 2015             |   | 453                 |
| Subsequent years |   | 286                 |
|             |   | $  7,026  |

|                                           |   | 2010   |      |   | 2009   |   |
|------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Land                                           |   | $      | 218,806   |   |   | $      | 218,452 |   |
| Buildings                                      |   |   | 461,159   |   |   |   | 459,335 |   |
| Improvements                                   |   |   | 399,874   |   |   |   | 407,962 |   |
| Restaurant equipment                           |   |   | 268,071   |   |   |   | 274,922 |   |
| Other equipment                                |   |   | 90,411    |   |   |   | 90,684 |   |
| Construction in progress and other*            |   |   | 27,898    |   |   |   | 20,164 |   |
|                                           |   |   | 1,466,219 |   |   |   | 1,471,519 |   |
| Less accumulated depreciation and amortization |   |   | 522,733   |   |   |   | 486,420 |   |
|                                           |   | $      | 943,486   |   |   | $      | 985,099 |   |

----

|                         |                             |
|------------------------------|----------------------------------|
| 2011                         | $     39,408 |
| 2012                         | 36,977                           |
| 2013                         | 34,433                           |
| 2014                         | 30,984                           |
| 2015                         | 27,508                           |
| Subsequent years             | 166,298                          |
| Total minimum lease payments | $   335,608       |

|                             | Franchisees                          | Others                                                     | Total                                 |
|----------------------------------|--------------------------------------|------------------------------------------------------------|---------------------------------------|
| 2011                             | $     2,690 | $         255 | $      2,945 |
| 2012                             | 2,384                                | 259                                                        | 2,643                                 |
| 2013                             | 2,161                                | 196                                                        | 2,357                                 |
| 2014                             | 1,769                                | 179                                                        | 1,948                                 |
| 2015                             | 1,642                                | 157                                                        | 1,799                                 |
| Subsequent years                 | 6,398                                | 73                                                         | 6,471                                 |
| Total minimum sub-lease payments | $   17,044            | $      1,119                 | $    18,163       |

|                   | 2010                            |   | 2009                            |   | 2008                       |   |
|------------------------|---------------------------------|--------|---------------------------------|--------|----------------------------|--------|
| Minimum rent           | $    42,153 |   | $    43,520 |   | $   47,666       |   |
| Contingent rent        | 1,745                           |   | 4,316                           |   | 2,198                      |   |
|                   | 43,898                          |   | 47,836                          |   | 49,864                     |   |
| Sublease rental income | (3,218                          | )      | (3,752                          | )      | (3,963                     | )      |
|                   |  $   40,680      |   |  $   44,084      |   |  $   45,901 |   |

----

|                                             |   | 2010    |   |   | 2009    |
|--------------------------------------------------|--------|---------|--------|--------|---------|
| Revolving credit facility                        | $      | 203,800 |   | $      | 319,100 |
| Senior notes:                                    |   |    |   |   |    |
|     Series A, due April 2010 |   | – |   |   | 77,146  |
|     Series B, due April 2013 |   | 48,442  |   |   | 55,646  |
| Mortgage loan obligations                        |   | 36,834  |   |   | 41,326  |
| Capital lease obligations                        |   | 190     |   |   | 189     |
|                                             |   | 289,266 |   |   | 493,407 |
| Less current maturities                          |   | 12,776  |   |   | 16,841  |
|                                             | $      | 276,490 |   | $      | 476,566 |

| 2011             | $      | 12,776  |
|------------------|--------|---------|
| 2012             |   | 218,624 |
| 2013             |   | 35,840  |
| 2014             |   | 4,109   |
| 2015             |   | 3,045   |
| Subsequent years |   | 14,872  |
|             | $      | 289,266 |

----

|                                                      |   | 2010   |    |   | 2009   |   |   | 2008   |   |
|-----------------------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|
| Impairments for:                                          |   |   |    |   |   |   |   |   |   |
|   Restaurants closed during current fiscal year |   | $      | – |   |   | $      | 18,319 |   |   | $ | 48 |   |
|   Open restaurants                              |   |   | 2,240   |   |   |   | 12,138 |   |   |   | 2,975 |   |
|   Surplus properties                            |   |   | 941     |   |   |   | 8,954  |   |   |   | 1,020 |   |
|   Company airplane                              |   |   | – |   |   |   | 1,231  |   |   |   | 256 |   |
|   Other                                         |   |   | – |   |   |   | 501    |   |   |   | 5 |   |
|                                                      |   |   | 3,181   |   |   |   | 41,143 |   |   |   | 4,304 |   |
|   Dead site costs                               |   |   | 258     |   |   |   | 2,159  |   |   |   | 1,287 |   |
|   Closed restaurant lease reserves              |   |   | 756     |   |   |   | 10,254 |   |   |   | 658 |   |
|   Other closing expense                         |   |   | 601     |   |   |   | 2,113  |   |   |   | 216 |   |
|   Gain on sale of surplus properties            |   |   | (1,020  | )      |   |   | (718   | )      |   |   | (12 | ) |
|                                                      |   | $      | 3,776   |   |   | $      | 54,951 |   |   | $ | 6,453 |   |

----

|                                                                                   | 2010   | 2009    |
|----------------------------------------------------------------------------------------|--------|---------|
|   Beginning of year                                                          | $      | 11,128  | $ | 3,683 |
|     Closing expense including rent and other lease charges         |   | 756     |   | 10,254 |
|     Transfer of deferred escalating minimum rent liability balance |   | – |   | 3,522 |
|     Payments                                                       |   | (6,915  | ) | (6,219) |
|     Other adjustments                                              |   | – |   | (112) |
|   End of year                                                                | $      | 4,969   | $ | 11,128 |

|                      | TargetAllocation | 2010 Allocation | 2009Allocation  |
|---------------------------|------------------|-----------------|-----------------|
| Equity securities         | 60-80%           |   67% |   60% |
| Fixed income securities   | 20-40%           |   30% |   37% |
| Cash and cash equivalents | 0%               |   3%  |   3%  |
|                      |             |            |            |
| Total                     | 100%             | 100%            | 100%            |

----

|                                            | Fair Value Measurements |   |
|-------------------------------------------------|-------------------------|--------|
|                                            | Total Fair Value        |   | Quoted Prices in Active Markets for Identical Assets (Level 1) |   | Significant Other Observable  Inputs (Level 2) |   | Significant Unobservable Inputs(Level 3) |   |
| Cash and cash equivalents                       | $                       | 182    |   | $ | – |   | $ | 182 |   | $ | – |   |
| Equity securities                               |                    |   |   |   |   |   |   |   |   |   |   |   |
|    U.S.-based companies          |                    | 3,368  |   |   | 3,368 |   |   | – |   |   | – |   |
|    International-based companies |                    | 609    |   |   | 609 |   |   | – |   |   | – |   |
| Fixed income securities                         |                    | 1,770  |   |   | 1,770 |   |   |   |   |   |   |   |
|    Total                         | $                       | 5,929  |   | $ | 5,747 |   | $ | 182 |   | $ | – |   |

----

|                                   |   | Pension Benefits  |
|----------------------------------------|--------|-------------------|
|                                   |   | 2010              |   | 2009 |   | 2008 |
|                                   |   |              |   |   |   |   |
| Service cost                           | $      |   450   | $ |   410 | $ |   365 |
| Interest cost                          |   | 2,490             |   | 2,412 |   | 2,263 |
| Expected return on plan assets         |   |   (422) |   |   (673) |   |   (745) |
| Amortization of prior service cost (a) |   |   327   |   |   327 |   |   327 |
| Recognized actuarial loss              |   | 1,385             |   |   967 |   |   975 |
| Net periodic benefit cost              | $      | 4,230             | $ | 3,443 | $ | 3,185 |

|                                   |   | Postretirement Medical and Life Benefits |
|----------------------------------------|--------|------------------------------------------|
|                                   |   | 2010                                     |   | 2009 |   | 2008 |
|                                   |   |                                     |   |   |   |   |
| Service cost                           | $      |   10                           | $ |   9 | $ | 10 |
| Interest cost                          |   |   85                           |   |  86 |   | 95 |
| Amortization of prior service cost (a) |   |  (64)                               |   |  (64) |   | (32) |
| Recognized actuarial loss              |   | 102                                      |   | 105 |   | 96 |
| Net periodic benefit cost              | $      | 133                                      | $ | 136 | $ | 169 |

|                                           |   | Pension Benefits |   |   | Postretirement Medicaland Life Benefits |
|------------------------------------------------|--------|------------------|--------|--------|-----------------------------------------|
|                                           |   | 2010             |   |   | 2009                                    |   |   | 2010 |   |   | 2009 |   |
| Prior service cost                             |   | $                | 0      |   |                                    | $ | 0 |   |   | $ | 0 |   |   | $ | 0 |   |
| Net actuarial loss                             |   |             | 3,648  |   |                                    |   | 5,165 |   |   |   | 191 |   |   |   | 74 |   |
| Amortization of prior service cost             |   |             | (327   | )      |                                    |   | (382 | )  |   |   | 64 |   |   |   | 75 |   |
| Amortization of actuarial gain                 |   |             | (1,385 | )      |                                    |   | (1,128 | )  |   |   | (102 | ) |   |   | (123 | )  |
| Total recognized in accumulated                |   |             |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|    other comprehensive income/(loss) |   | $                | 1,936  |   |                                    | $ | 3,655 |   |   | $ | 153 |   |   | $ | 26 |   |
|                                           |   |             |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|                                           |   |             |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|                                           |   |             |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |

----

| Total recognized in net periodic               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|    benefit cost and accumulated |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    other comprehensive income/(loss) |   | $      | 6,166  |   |   | $      | 7,673  |   |   | $      | 286    |   |   | $      | 185    |   |

|                                   |  Pension Benefits | Postretirement Medicaland Life Benefits |
|----------------------------------------|------------------------|-----------------------------------------|
|                                   |                   | 2010                                    |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Change in benefit obligation:          |                   |                                    |   |   |   |   |   |   |   |   |   |   |
| Beginning projected benefit obligation | $                      | 40,314                                  |   | $ | 39,551 |   | $ | 1,368 |   | $ | 1,402 |   |
| Service cost (1)                       |                   | 450                                     |   |   | 478 |   |   | 10 |   |   | 11 |   |
| Interest cost (1)                      |                   | 2,490                                   |   |   | 2,814 |   |   | 85 |   |   | 100 |   |
| Actuarial loss (1)                     |                   | 3,836                                   |   |   | 2,634 |   |   | 191 |   |   | 75 |   |
| Benefits paid (1)                      |                   | (4,488                                  | ) |   | (5,163 | ) |   | (231 | ) |   | (212 | ) |
| Change in plan provisions              |                   |                                    |   |   |   |   |   |   |   |   | (8 | ) |
| Benefit obligation at end of year      | $                      | 42,602                                  |   | $ | 40,314 |   | $ | 1,423 |   | $ | 1,368 |   |
|                                   |                   |                                    |   |   |   |   |   |   |   |   |   |   |
| Change in plan assets:                 |                   |                                    |   |   |   |   |   |   |   |   |   |   |
| Beginning fair value of plans assets   | $                      | 5,780                                   |   | $ | 8,963 |   | $ | 0 |   | $ | 0 |   |
| Actual return on plan assets (1)       |                   | 603                                     |   |   | (2,014 | ) |   |   |   |   |   |   |
| Employer contributions (1)             |                   | 4,034                                   |   |   | 3,994 |   |   | 231 |   |   | 212 |   |
| Benefits paid (1) (2)                  |                   | (4,488                                  | ) |   | (5,163 | ) |   | (231 | ) |   | (212 | ) |
| Fair value of plan assets at           |                   |                                    |   |   |   |   |   |   |   |   |   |   |
|    end of year               | $                      | 5,929                                   |   | $ | 5,780 |   | $ | 0 |   | $ | 0 |   |
|                                   |                   |                                    |   |   |   |   |   |   |   |   |   |   |

| (1) 2009 amounts are for the 14-month period from the 2008 measurement date (March 31) to the 2009                |
|-------------------------------------------------------------------------------------------------------------------|
| year-end.                                                                                                         |
| (2) Benefits paid during fiscal 2010 and 2009 include lump-sum payouts of accrued benefits to three               |
| executives who retired under the provisions of the Executive Supplemental Pension Plan between June               |
| and January 2009.  Fiscal 2010 and 2009 benefits paid to these executives totaled $1.8 million and $1.9 |
| million, respectively.                                                                                            |

|                                                                 |   |    |   |   |    |   |   |   |   |   |   |   |
|----------------------------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|
| Funded status at end of year                                         | $      | (36,673 | )*     | $      | (34,534 | )*     | $      | (1,423 | )      | $      | (1,368 | )      |
|                                                                 |   |    |   |   |    |   |   |   |   |   |   |   |
| Amounts recognized in the Consolidated Balance Sheets:               |   |    |   |   |    |   |   |   |   |   |   |   |
| Accrued liabilities – payroll and related                      |   |    |   |   |    |   |   |   |   |   |   |   |
|    Costs                                              | $      | (9,592  | )      | $      | (3,249  | )      | $      | (129   | )      | $      | (125   | )      |
| Other deferred liabilities                                           |   | (27,081 | )      |   | (31,285 | )      |   | (1,294 | )      |   | (1,243 | )      |
| Net amount recognized at year-end                                    | $      | (36,673 | )      | $      | (34,534 | )      | $      | (1,423 | )      | $      | (1,368 | )      |
| Amounts recognized in accumulated other comprehensive income/(loss): |   |    |   |   |    |   |   |   |   |   |   |   |
| Prior service (cost) credit                                          | $      | (698    | )      | $      | (1,025  | )      | $      | 217    |   | $      | 281    |   |
| Net actuarial loss                                                   |   | (20,132 | )      |   | (17,869 | )      |   | (1,236 | )      |   | (1,146 | )      |
| Total amount recognized                                              | $      | (20,830 | )      | $      | (18,894 | )      | $      | (1,019 | )      | $      | (865   | )      |

| * | The funded status reflected above includes the liabilities attributable to all of the Pension Plans but only the assets of the Retirement Plan as the other plans are not considered funded for ERISA purposes. To provide a source for the payment of benefits under the Executive Supplemental Pension Planand the Management Retirement Plan, we own whole-life insurance contracts on some of the participants. The |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|    | cash value of these policies net of policy loans was $25.2 million and $27.3 million at June 1, 2010 and June 2, 2009, respectively.  In addition, we held in trust $2.4 million and $2.8 million of cash and cash equivalents as of June 1, 2010 and June 2, 2009, respectively, relating to these policies.  We maintain a rabbi trust to hold the policies and death benefits as they are received.  |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                         |   | Pension Benefits |   |   | Postretirement Medicaland Life Benefits |   |
|------------------------------|--------|------------------|--------|--------|-----------------------------------------|--------|
|                         |   | June 1, 2010     |   |   | June 2, 2009                            |   |   | June 1, 2010 |   |   | June 2, 2009 |   |
| Projected benefit obligation |   | $                | 42,602 |   |                                    | $      | 40,314 |   |   | $ | 1,423 |   |   | $ | 1,368 |   |
| Accumulated benefit          |   |             |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|    obligation |   |             | 41,233 |   |                                    |   | 38,453 |   |   |   | 1,423 |   |   |   | 1,368 |   |
| Fair value of plan assets    |   |             | 5,929  |   |                                    |   | 5,780 |   |   |   | 0 |   |   |   | 0 |   |

|                           | Pension Benefits                         |
|--------------------------------|------------------------------------------|
|                           | 2010                                     | 2009 | 2008 |
| Discount rate                  | 6.5%                                     | 6.4% | 6.0% |
| Expected return on plan assets | 8.0%                                     | 8.0% | 8.0% |
| Rate of compensation increase  | 3.1%                                     | 3.6% | 4.0% |
|                           |                                     |   |   |
|                           | Postretirement Medical and Life Benefits |
|                           | 2010                                     | 2009 | 2008 |
| Discount rate                  | 6.5%                                     | 6.4% | 6.0% |
| Rate of compensation increase  | 3.0%                                     | 3.5% | 4.0% |

|                          | Pension Benefits                         |
|-------------------------------|------------------------------------------|
|                          | 2010                                     | 2009 |   |
| Discount rate                 | 5.5%                                     | 6.5% |   |
| Rate of compensation increase | 2.0%                                     | 3.1% |   |
|                          |                                     |   |   |
|                          | Postretirement Medical and Life Benefits |
|                          | 2010                                     | 2009 |   |
| Discount rate                 | 5.5%                                     | 6.5% |   |
| Rate of compensation increase | 2.0%                                     | 3.0% |   |

----

|      |  Pension Benefits | Postretirement Medicaland Life Benefits                                                                                                                                              |
|-----------|------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2011      | $                      |        10,483 (1)                                                                                                                  | $ | 129 |
| 2012      |                   | 2,758                                                                                                                                                                                |   | 124 |
| 2013      |                   | 3,061                                                                                                                                                                                |   | 127 |
| 2014      |                   | 2,883                                                                                                                                                                                |   | 124 |
| 2015      |                   | 2,301                                                                                                                                                                                |   | 118 |
| 2016-2020 |                   |               14,653                |   | 601 |

----

|      |   | 2010   |   |   | 2009   |   |    | 2008   |   |
|-----------|--------|--------|--------|--------|--------|--------|---------|--------|--------|
| Current:  |   |   |   |   |   |   |    |   |   |
| Federal   |   | $      | (6,387 | )      |   | $      | (9,134  | )      |   | $ | 2,270 |   |
| State     |   |   | (822   | )      |   |   | 300     |   |   |   | 605 |   |
| Foreign   |   |   | 107    |   |   |   | 201     |   |   |   | 126 |   |
|      |   |   | (7,102 | )      |   |   | (8,633  | )      |   |   | 3,001 |   |
| Deferred: |   |   |   |   |   |   |    |   |   |   |   |   |
| Federal   |   |   | 16,900 |   |   |   | (10,499 | )      |   |   | (3,667 | ) |
| State     |   |   | 2,616  |   |   |   | (5,816  | )      |   |   | (2,012 | ) |
|      |   |   | 19,516 |   |   |   | (16,315 | )      |   |   | (5,679 | ) |
|      |   | $      | 12,414 |   |   | $      | (24,948 | )      |   | $ | (2,678 | ) |

|                                                                       |   |   |     |   |   |   |
|----------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                                       |   | 2010   |     |   | 2009   |   |
| Deferred tax assets:                                                       |   |   |     |   |   |   |
|    Employee benefits                                        |   | $      | 29,516   |   |   | $      | 29,957 |   |
|    Escalating minimum rents                                 |   |   | 17,242   |   |   |   | 16,756 |   |
|    General business credits carryforward                    |   |   | 7,976    |   |   |   | 11,022 |   |
|    State net operating losses                               |   |   | 5,996    |   |   |   | 5,803 |   |
|    Insurance reserves                                       |   |   | 4,809    |   |   |   | 5,177 |   |
|    Closed restaurant lease reserves                         |   |   | 1,711    |   |   |   | 3,947 |   |
|    Goodwill                                                 |   |   | 1,904    |   |   |   | 1,848 |   |
|    Gift certificate income                                  |   |   | 1,403    |   |   |   | 1,280 |   |
|    Unearned income                                          |   |   | 1,633    |   |   |   | 1,054 |   |
|    Other                                                    |   |   | 4,174    |   |   |   | 5,473 |   |
| Total deferred tax assets                                                  |   |   | 76,364   |   |   |   | 82,317 |   |
|                                                                       |   |   |     |   |   |   |   |   |
| Deferred tax liabilities:                                                  |   |   |     |   |   |   |   |   |
|    Depreciation                                             |   |   | (89,542  | )      |   |   | (76,814 | ) |
|    Smallwares                                               |   |   | (2,340   | )      |   |   | (2,496 | ) |
|    Prepaid deductions                                       |   |   | (1,864   | )      |   |   | (2,370 | ) |
|    Partnership investments                                  |   |   | (5,156   | )      |   |   | (2,131 | ) |
|    Other                                                    |   |   | (3,678   | )      |   |   | (3,294 | ) |
| Total deferred tax liabilities                                             |   |   | (102,580 | )      |   |   | (87,105 | ) |
| Net deferred tax liability                                                 |   | $      | (26,216  | )      |   | $      | (4,788 | ) |
|                                                                       |   |   |     |   |   |   |   |   |
| Reported in Consolidated Balance Sheets as:                                |   |   |     |   |   |   |   |   |
|     Deferred income taxes – current asset        |   | $      | 13,794   |   |   | $      | 15,918 |   |
|     Deferred income taxes – noncurrent liability |   |   | (40,010  | )      |   |   | (20,706 | ) |
|                                                                       |   | $      | (26,216  | )      |   | $      | (4,788 | ) |
|                                                                       |   |   |     |   |   |   |   |   |

----

|                                                                   |   | 2010   |    |   | 2009   |   |    | 2008   |   |
|------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                                   |   |   |    |   |   |   |    |   |   |
| Statutory federal income taxes                                         |   | $      | 20,215  |   |   | $      | (15,003 | )      |   | $ | 8,295 |   |
| State income taxes, net of federal income   tax benefit |   |   | 955     |   |   |   | (3,586  | )      |   |   | (914 | ) |
| FICA tip credit                                                        |   |   | (7,735  | )      |   |   | (6,321  | )      |   |   | (6,348 | ) |
| Work opportunity tax credit                                            |   |   | (1,352  | )      |   |   | (1,443  | )      |   |   | (1,068 | ) |
| Other federal tax credits                                              |   |   | (179    | )      |   |   | (241    | )      |   |   | (197 | ) |
| Goodwill impairment                                                    |   |   | – |   |   |   | 2,571   |   |   |   | – |   |
| Other, net                                                             |   |   | 510     |   |   |   | (925    | )      |   |   | (2,446 | ) |
|                                                                   |   | $      | 12,414  |   |   | $      | (24,948 | )      |   | $ | (2,678 | ) |

|                                                                 |   | 2010   |   |   | 2009   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Beginning of year                                                    |   | $      | 4,505  |   |   | $      | 4,376 |   |
|   Additions for tax positions related to the current year  |   |   | 666    |   |   |   | 778 |   |
|   Reductions for tax positions related to the current year |   |   | (98    | )      |   |   |   |   |
|   Additions for tax positions of prior years               |   |   | 107    |   |   |   | 79 |   |
|   Reductions for tax positions of prior years              |   |   | (366   | )      |   |   | (154 | ) |
|   Reductions for settlements with taxing authorities       |   |   | (459   | )      |   |   | (59 | ) |
|   Reductions due to statute settlements                    |   |   | (940   | )      |   |   | (515 | ) |
| End of year                                                          |   | $      | 3,415  |   |   | $      | 4,505 |   |

----

----

|                    |    Options | WeightedAverageExercisePrice |  Weighted Average Remaining Contractual Term (years) |   Aggregate Intrinsic Value |    |
|-------------------------|---------------------------|------------------------------|-----------------------------------------------------------|---------------------------------------|--------------|
| Balance at June 5, 2007 | 6,928                     |                         | $                                                         | 26.56                                 |         |   |   |
| Granted                 | 806                       |                         | $                                                         | 7.82                                  |         |   |   |
| Exercised               | (124                      | )                            | $                                                         | 17.96                                 |         |   |   |
| Forfeited               | (775                      | )                            | $                                                         | 19.00                                 |         |   |   |
|                    |                      |                         |                                                      |                                  |         |   |   |
| Balance at June 3, 2008 | 6,835                     |                         | $                                                         | 25.36                                 |         |   |   |
| Granted                 | 282                       |                         | $                                                         | 6.50                                  |         |   |   |
| Exercised               | –                   |                         | $                                                         | –                               |         |   |   |
| Forfeited               | (2,315                    | )                            | $                                                         | 27.84                                 |         |   |   |
|                    |                      |                         |                                                      |                                  |         |   |   |
| Balance at June 2, 2009 | 4,802                     |                         | $                                                         | 23.06                                 |         |   |   |
| Granted                 | 622                       |                         | $                                                         | 6.58                                  |         |   |   |
| Exercised               | –                   |                         | $                                                         | –                               |         |   |   |
| Forfeited               | (1,378                    | )                            | $                                                         | 25.46                                 |         |   |   |
| Balance at June 1, 2010 | 4,046                     |                         | $                                                         | 19.70                                 | 2.42         | $ 5,391 |   |
|                    |                      |                         |                                                      |                                  |         |   |   |
| Exercisable             | 2,422                     |                         | $                                                         | 27.15                                 | 1.57         | $    845 |   |
|                    |                      |                         |                                                      |                                  |         |

----

|                            | 2010                                 | 2009                                      | 2008                                      |
|---------------------------------|--------------------------------------|-------------------------------------------|-------------------------------------------|
|                            |                                 |                                      |                                      |
| Risk-free interest rate         |      2.20%  |       2.83% |       2.14% |
| Expected dividend yield         |      0%     |       0%    |       0%    |
| Expected stock price volatility |      0.6945 |       0.404 |       0.357 |
| Expected life (in years)        |      4.50   |       3.97  |       3.96  |

|                            | 2010   | 2009            | 2008   |
|---------------------------------|--------|-----------------|--------|
|                            |   | WeightedAverage |   | WeightedAverage |   | WeightedAverage |
|                            | Shares | Fair Value      | Shares | Fair Value | Shares | Fair Value |
| Performance-Based Vesting:      |   |            |   |   |   |   |   |   |   |   |   |   |
| Non-vested at beginning of year | 1,195  |            | $      | 7.64 | 1,285 |   | $ | 12.06 | 267 |   | $ | 28.19 |
| Granted                         | 348    |            | $      | 6.58 | 279 |   | $ | 7.00 | 1,018 |   | $ | 7.82 |
| Vested                          | (186   | )               | $      | 7.64 |   |   |   |   |   |   |   |   |
| Forfeited                       | (636   | )               | $      | 7.64 | (369 | ) | $ | 22.50 |   |   |   |   |
| Non-vested at end of year       | 721    |            | $      | 7.13 | 1,195 |   | $ | 7.64 | 1,285 |   | $ | 12.06 |
|                            |   |            |   |   |   |   |   |   |   |   |   |   |
| Time-Based Vesting:             |   |            |   |   |   |   |   |   |   |   |   |   |
| Non-vested at beginning of year | 208    |            | $      | 8.97 | 105 |   | $ | 15.67 | 50 |   | $ | 21.13 |
| Granted                         | 299    |            | $      | 7.01 | 127 |   | $ | 5.41 | 55 |   | $ | 10.70 |
| Vested                          | (78    | )               | $      | 9.99 | (21 | ) | $ | 20.67 |   |   |   |   |
| Forfeited                       | (2     | )               | $      | 7.63 | (3 | ) | $ | 7.81 |   |   |   |   |
| Non-vested at end of year       | 427    |            | $      | 7.42 | 208 |   | $ | 8.97 | 105 |   | $ | 15.67 |

----

----

----

|                          |   | Fair Value Measurements |    |
|-------------------------------|--------|-------------------------|---------|
|                          |   | Carrying Value          |    |   | Quoted Prices in Active Markets for Identical Assets (Level 1) |   |   | Significant Other Observable Inputs (Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| Deferred compensation plan -  |   |                    |    |   |   |   |   |   |   |   |   |   |
|    Assets      |   | $                       | 7,684   |   |   | $ | 7,684 |   |   | $ | – |   |   | $ | – |   |
| Deferred compensation plan -  |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Liabilities |   |                    | (7,684  | ) |   |   | (7,684 | ) |   |   | – |   |   |   | – |   |
|    Total       |   | $                       | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |

----

|                              | Fair Value Measurements |
|-----------------------------------|-------------------------|
|                              |  Carrying          |   | QuotedPrices inActiveMarkets forIdenticalAssets |   | SignificantOtherObservableInputs |   | SignificantUnobservableInputs |   |   |   |
|                              | Value                   |   | (Level 1) |   | (Level 2) |   | (Level 3) |   | Losses |
| Long-lived assets held for sale * | $                       | 28,015 |   | $ | – |   | $ | 28,015 |   | $ | – |   | $ | 941 |
| Long-lived assets held for use    |                    | 3,685 |   |   | – |   |   | 3,685 |   |   | – |   |   | 2,240 |
|    Total           | $                       | 31,700 |   | $ | – |   | $ | 31,700 |   | $ | – |   | $ | 3,181 |

----

|                                       |   | June 1, 2010   |    |   | June 2, 2009 |    |
|--------------------------------------------|--------|----------------|---------|--------|--------------|---------|
|                                       |   | CarryingAmount |    |   | Fair Value   |    |   | CarryingAmount |   |   | FairValue |   |
| Deferred Compensation Plan                 |   |           |    |   |         |    |   |   |   |   |   |   |
|   investment in RTI common stock |   | $              | 2,036   |   |         | $       | 1,760 |   |   | $ | 2,200 |   |   | $ | 1,318 |   |
| Notes receivable, gross*                   |   |           | 7,026   |   |         |    | 7,016 |   |   |   | 9,644 |   |   |   | 10,100 |   |
| Long-term debt and capital leases          |   |           | 289,266 |   |         | 291,512 |   |   |   | 493,407 |   |   |   | 491,575 |   |
| Franchise partnership guarantees           |   |           | 791     |   |         |    | 817 |   |   |   | 1,034 |   |   |   | 1,057 |   |
| Letters of credit                          |   |           | – |   |         |    | 329 |   |   |   | – |   |   |   | 370 |   |

|                            |   | For the Year Ended June 1, 2010 |    |
|---------------------------------|--------|---------------------------------|---------|
|                            |   | FirstQuarter                    |    |   | SecondQuarter |   |   | ThirdQuarter |   |   | FourthQuarter |   |   | Total |   |
|                            |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                        |   | $                               | 300,612 |   |   | $ | 273,464 |   |   | $ | 307,265 |   |   | $ | 313,455 |   |   | $ | 1,194,796 |   |
| Gross profit*                   |   | $                               | 48,949  |   |   | $ | 38,802 |   |   | $ | 61,149 |   |   | $ | 63,610 |   |   | $ | 212,510 |   |
| Income before income taxes      |   | $                               | 7,442   |   |   | $ | 820 |   |   | $ | 22,272 |   |   | $ | 27,224 |   |   | $ | 57,758 |   |
| Provision for income taxes      |   |                            | 1,298   |   |   |   | 389 |   |   |   | 4,473 |   |   |   | 6,254 |   |   |   | 12,414 |   |
| Net income                      |   | $                               | 6,144   |   |   | $ | 431 |   |   | $ | 17,799 |   |   | $ | 20,970 |   |   | $ | 45,344 |   |
|                            |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share:             |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic** |   | $                               | 0.11    |   |   | $ | 0.01 |   |   | $ | 0.28 |   |   | $ | 0.33 |   |   | $ | 0.74 |   |
|     Diluted |   | $                               | 0.11    |   |   | $ | 0.01 |   |   | $ | 0.28 |   |   | $ | 0.33 |   |   | $ | 0.73 |   |
|                            |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                 |   | For the Year Ended June 2, 2009 |    |
|--------------------------------------|--------|---------------------------------|---------|
|                                 |   | FirstQuarter                    |    |   | SecondQuarter |   |   | ThirdQuarter |   |   | FourthQuarter |   |   | Total |   |
|                                 |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                             |   | $                               | 324,001 |   |   | $ | 289,778 |   |   | $ | 317,522 |   |   | $ | 317,255 |   |   | $ | 1,248,556 |   |
| Gross profit*                        |   | $                               | 57,961  |   |   | $ | 40,846 |   |   | $ | 61,690 |   |   | $ | 61,611 |   |   | $ | 222,108 |   |
| Income/(loss) before income taxes    |   | $                               | 362     |   |   | $ | (69,891 | ) |   | $ | 5,038 |   |   | $ | 21,625 |   |   | $ | (42,866 | ) |
| Provision/(benefit) for income taxes |   |                            | 77      |   |   |   | (32,472 | ) |   |   | 268 |   |   |   | 7,179 |   |   |   | (24,948 | ) |
| Net income/(loss)                    |   | $                               | 285     |   |   | $ | (37,419 | ) |   | $ | 4,770 |   |   | $ | 14,446 |   |   | $ | (17,918 | ) |
|                                 |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings/(loss) per share:           |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|     Basic   |   | $ | 0.01 |   |   | $ | (0.73 | ) |   | $ | 0.09 |   |   | $ | 0.28 |   |   | $ | (0.35 | ) |
|---------------------------------|--------|---|------|--------|--------|---|-------|---|--------|---|------|--------|--------|---|------|--------|--------|---|-------|---|
|     Diluted |   | $ | 0.01 |   |   | $ | (0.73 | ) |   | $ | 0.09 |   |   | $ | 0.28 |   |   | $ | (0.35 | ) |

----

15.  Subsequent Events 

----

Report of Independent Registered PublicAccounting Firm

----

----

Item 9. Changes in and Disagreements With Accountants on

Item 9A. Controls and Procedures

Item 9B. Other Information

----

Item 10. Directors, Executive Officers and Corporate Governance 

Item 11. Executive Compensation

Item 12. Security Ownership of Certain Beneficial Owners

Item 13. Certain Relationships and Related Transactions, and Director Independence

Item 14. Principal Accounting Fees and Services

----

Item 15. Exhibits and Financial Statement Schedule 

|                           |                     |   | Charged/                      |   | Charged/                  |   |                                      |   |                     |   |
|--------------------------------|--------------------------|--------|-------------------------------|--------|---------------------------|--------|-------------------------------------------|--------|--------------------------|--------|
|                           | Balance at               |   | (Credited)                    |   | (Credited)                |   |                                      |   |                     |   |
|                           | Beginning                |   | to Costs                      |   | to other                  |   |                                      |   | Balance at               |   |
| Description                    | of Period                |   | and Expenses                  |   | Accounts                  |   | Write-offs                                |   | End of Period            |   |
|                           |                     |   |                          |   | (a)                       |   | (b)                                       |   |                     |   |
| Allowance for Doubtful Notes   |                     |   |                          |   |                      |   |                                      |   |                     |   |
|                           |                     |   |                          |   |                      |   |                                      |   |                     |   |
| Fiscal Year Ended June 1, 2010 | $   6,052 |   | $   1,730      |   |                      |   | $   (2,705                 | )      | $   5,077 |   |
|                           |                     |   |                          |   |                      |   |                                      |   |                     |   |
| Fiscal Year Ended June 2, 2009 |    3,027  |   |     3,690 |   |                      |   | $      (665 | )      |   6,052        |   |
|                           |                     |   |                          |   |                      |   |                                      |   |                     |   |
| Fiscal Year Ended June 3, 2008 |    5,421  |   |     837   |   | $   (3,231 | )      |                                      |   |   3,027        |   |

| (a)   | In fiscal 2008, the Company acquired the remaining 99% and 50% of the membership interests of RT Michigan Franchise, LLC (“RT Michigan”) and RT Detroit Franchise, LLC (“RT Detroit”), respectively.  The $3.2 million combined allowance for doubtful notes as well as the corresponding notes receivable from RT Michigan andRT Detroit were eliminated as part of the purchase price allocation. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | In fiscal 2010, the Company forgave various debts owed by its Utah, Minneapolis, and Seattle franchises. |
|-----------------|----------------------------------------------------------------------------------------------------------|

|   |      |
|--------|--------------------------|

----

SIGNATURES

|                      | RUBY TUESDAY, INC. |                                |
|---------------------------|--------------------|-------------------------------------|
|                      |               |                                |   |
| Date: August 2, 2010 | By:                |  /s/ Samuel E. Beall, III |   |
|                      |               | Samuel E. Beall, III                |   |
|                      |               | Chairman of the Board, President    |   |
|                      |               | and Chief Executive Officer         |   |
|                      |               |                                |   |

|                       Name | Position                                                                        | Date                 |
|------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|----------------------|
| /s/ Samuel E. Beall, IIISamuel E. Beall, III                                                                                             | Chairman of the Board, President and Chief Executive Officer                    | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ Marguerite N. DuffyMarguerite N. Duffy                                                                                               | Senior Vice President,Chief Financial Officer, and Principal Accounting Officer | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ Claire L. ArnoldClaire L. Arnold                                                                                                     | Director                                                                        | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ Kevin T. ClaytonKevin T. Clayton                                                                                                     | Director                                                                        | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ James A. Haslam, IIIJames A. Haslam, III                                                                                             | Director                                                                        | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ Bernard Lanigan Jr.Bernard Lanigan Jr.                                                                                               | Director                                                                        | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ R. Brad MartinR. Brad Martin                                                                                                         | Director                                                                        | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ Dr. Donald RatajczakDr. Donald Ratajczak                                                                                             | Director                                                                        | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |
| /s/ Stephen I. SadoveStephen I. Sadove                                                                                                   | Director                                                                        | Date: August 2, 2010 |
|                                                                                                                                     |                                                                            |                 |

----

| ExhibitNumber |   |                                                    Descriptionof Exhibit |
|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| *             |   | Management contract or compensatory plan or arrangement.                                                                                                                                                                                                                                                                                |
| +             |   | Filed herewith.                                                                                                                                                                                                                                                                                                                         |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 3.1           |   | Articles of Incorporation, as amended, of Ruby Tuesday, Inc. (incorporated by reference from Exhibit 3.1 to Form 8-B filed on March 15, 1996 (File No. 1-12454)).                                                                                                                                                                       |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 3.2           |   | Bylaws, as amended and restated, of Ruby Tuesday, Inc. (incorporated by reference from Exhibit 3.1 to Form 8-K filed on October 8, 2009 (File No. 1-12454)).                                                                                                                                                                            |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 4.1           |   | Specimen Common Stock Certificate. (incorporated by reference from Exhibit 4.1 to Form 8-B filed on March 15, 1996 (File No. 1-12454)).                                                                                                                                                                                                 |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.1          |   | Ruby Tuesday, Inc. Executive Supplemental Pension Plan, amended and restated as of January 1, 2007. (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 5, 2007 (File No. 1-12454)).*                                                                      |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.2     |   | First Amendment, dated as of April 2, 2008, to the Ruby Tuesday, Inc. Executive Supplemental Pension Plan (Amended and Restated as of January 1, 2007) (incorporated by reference from Exhibit 10.6 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended March 4, 2008 (File No. 1-12454)).*                   |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.3          |   | Second Amendment, dated as of December 31, 2008, to the Ruby Tuesday, Inc. Executive Supplemental Pension Plan (Amended and Restated as of January 1, 2007) (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 2, 2008 (File No. 1-12454)).*           |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.4          |   | Third Amendment, dated as of January 6, 2010, to the Ruby Tuesday, Inc. Executive Supplemental Pension Plan (Amended and Restated as of January 1, 2007) (incorporated by reference from Exhibit 10.3 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 1, 2009 (File No. 1-12454)).*              |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.5          |   | Morrison Restaurants Inc. Stock Incentive and Deferred Compensation Plan for Directors together with First Amendment, dated as of June 29, 1995 (incorporated by reference from Exhibit 10(c) to the Morrison Restaurants Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 1995 (FileNo. 1-12454)).*                   |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.6          |   | Form of Second Amendment to Stock Incentive and Deferred Compensation Plan for Directors (incorporated by reference from Exhibit 10.29 to Form 8-B filed on March 15, 1996 (File No. 1-12454)).*                                                                                                                                        |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.7          |   | Form of Third Amendment to Stock Incentive and Deferred Compensation Plan for Directors (incorporated by reference from Exhibit 10.6 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 2003 (File No. 1-12454)).*                                                                                  |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.8          |   | Fourth Amendment, dated as of July 8, 2002, to the Stock Incentive and Deferred Compensation Plan for Directors (incorporated by reference from Exhibit 99.5 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 3, 2002 (File No. 1-12454)).*                                                       |
|          |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.9          |   | Fifth Amendment, dated as of July 6, 2005, to the Stock Incentive and Deferred Compensation Plan for Directors (incorporated by reference from Exhibit 10.8 to the Ruby Tuesday, Inc. Annual Report on                                                                                                                                  |

----

|   |   | Form 10-K for the fiscal year ended May 31, 2005 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.10  |   | Sixth Amendment, dated as of July 11, 2006, to the Stock Incentive and Deferred Compensation Plan for Directors (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 5, 2006 (File No. 1-12454)).*                                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.11  |   | Seventh Amendment, dated as of July 11, 2007, to the Stock Incentive and Deferred Compensation Plan for Directors (incorporated by reference from Exhibit 10.8 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 5, 2007 (File No. 1-12454)).*                                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.12  |   | Ruby Tuesday, Inc. 2003 Stock Incentive Plan (formerly the 1996 Non-Executive Stock Incentive Plan (formerly the Morrison Restaurants Inc. 1993 Non-Executive Stock Incentive Plan)) (incorporated by reference from Exhibit 10(h) to the Morrison Restaurants Inc. Annual Report on Form 10-K for the fiscal year ended June 5, 1993 (File No. 0-1750)and by reference from Exhibit 10.10 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 1, 2004 (File No. 1-12454)).* |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.13  |   | First Amendment, dated as of July 6, 2005, to the 2003 Stock Incentive Plan (incorporated by reference from Exhibit 10.14 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 6, 2006 (File No. 1-12454)).*                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.14  |   | Second Amendment, dated as of July 11, 2006, to the 2003 Stock Incentive Plan (incorporated by reference from Exhibit 10.3 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 5, 2006 (File No. 1-12454)).*                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.15  |   | Ruby Tuesday, Inc. 2006 Executive Incentive Compensation Plan (incorporated by reference from Exhibit 10.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 5, 2006 (File No. 1-12454)).*                                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.16  |   | Morrison Restaurants Inc. Deferred Compensation Plan, as restated effective January 1, 1994, together with amended and restated Trust Agreement, dated as of December 1, 1992, to Deferred Compensation Plan (incorporated by reference from Exhibit 10(i) to the Morrison Restaurants Inc. Annual Report on Form 10-K for the fiscal year ended June5, 1993 (File No. 0-1750)).*                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.17  |   | Morrison Restaurants Inc. Management Retirement Plan together with First Amendment, dated as of June 30, 1994 and Second Amendment, dated as of July 31, 1995 (incorporated by reference from Exhibit 10(n) to the Morrison Restaurants Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 1995 (File No. 1-12454)).*                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.18  |   | Form of Third Amendment to Management Retirement Plan (incorporated by reference from Exhibit 10.32 to Form 8-B filed on March 15, 1996 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.19  |   | Form of Fourth Amendment to Management Retirement Plan (incorporated by reference from Exhibit 10.14 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 2003 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.20  |   | Form of Fifth Amendment to Management Retirement Plan (incorporated by reference from Exhibit 10.15 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 2003 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.21  |   | Sixth Amendment, dated as of April 9, 2001, to the Ruby Tuesday, Inc. Management Retirement Plan (incorporated by reference from Exhibit 10.41 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 5, 2001 (File No. 1-12454)).*                                                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.22  |   | Seventh Amendment (dated as of October 5, 2004) to the Ruby Tuesday, Inc. Management                                                                                                                                                                                                                                                                                                                                                                                                                         |

----

|   |   | Retirement Plan (incorporated by reference from Exhibit 99.5 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended November 30, 2004 (File No. 1-12454)).*                                                                                                                                                         |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.23  |   | Morrison Retirement Plan, amended and restated as of October 7, 2009 (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 1, 2009 (File No. 1-12454)).*                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.24  |   | Executive Group Life and Executive Accidental Death and Dismemberment Plan (incorporated by reference from Exhibit 10(q) to the Morrison Restaurants Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 1989 (File No. 0-1750)).*                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.25  |   | Morrison Restaurants Inc. Executive Life Insurance Plan (incorporated by reference from Exhibit 10(a)(a) to the Morrison Restaurants Inc. Annual Report on Form 10-K for the fiscal year ended June 4, 1994 (File No. 1-12454)).*                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.26  |   | Form of First Amendment to the Morrison Restaurants Inc. Executive Life Insurance Plan (incorporated by reference from Exhibit 10.25 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 2003 (File No. 1-12454)).*                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.27  |   | Second Amendment (dated as of January 1, 2004) to the Ruby Tuesday Inc. Executive Life Insurance Plan (formerly the Morrison Restaurants Inc. Executive Life Insurance Plan) (incorporated by reference from Exhibit 99.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended November 30, 2004 (File No. 1-12454)).* |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.28  |   | Ruby Tuesday Inc. Executive Life Insurance Premium Plan dated as of January 1, 2004 (incorporated by reference from Exhibit 99.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended November 30, 2004 (File No. 1-12454)).*                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.29  |   | Ruby Tuesday, Inc. 1996 Stock Incentive Plan, restated as of September 30, 1999 (incorporated by reference from Exhibit 99.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended September 3, 2000 (File No. 1-12454)).*                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.30  |   | First Amendment, dated as of July 10, 2000, to the restated Ruby Tuesday, Inc. 1996 Stock Incentive Plan (incorporated by reference from Exhibit 99.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended September 3, 2000 (File No. 1-12454)).*                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.31  |   | Ruby Tuesday, Inc. Salary Deferral Plan, amended and restated as of October 7, 2009 (incorporated by reference from Exhibit 10.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 1, 2009 (File No. 1-12454)).*                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.32  |   | Ruby Tuesday, Inc. Deferred Compensation Plan Trust Agreement restated as of June 1, 2001 (incorporated by reference from Exhibit 10.44 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 5, 2001 (File No. 1-12454)).*                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.33  |   | First Amendment, dated as of June 10, 2002, to the Ruby Tuesday, Inc. Deferred Compensation Plan Trust Agreement (incorporated by reference from Exhibit 10.58 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 4, 2002 (File No. 1-12454)).*                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                            |
| 10.34  |   | Ruby Tuesday, Inc. Restated Deferred Compensation Plan, dated as of November 26, 2002                                                                                                                                                                                                                                                      |

----

|   |   |  (incorporated by reference from Exhibit 99.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 3, 2002 (File No. 1-12454)).*                                                                                                                            |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.35  |   | Ruby Tuesday, Inc. 2005 Deferred Compensation Plan (incorporated by reference from Exhibit 10.1 to Form 8-K filed on January 18, 2005 (File No. 1-12454)).*                                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.36  |   | First Amendment, dated as of December 14, 2006, to the Ruby Tuesday, Inc. 2005 Deferred Compensation Plan (incorporated by reference from Exhibit 10.6 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 5, 2006 (File No. 1-12454)).*                        |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.37  |   | Second Amendment, dated as of July 11, 2007, to the Ruby Tuesday, Inc. 2005 Deferred Compensation Plan (incorporated by reference from Exhibit 10.40 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 5, 2007 (File No. 1-12454)).*                             |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.38  |   | Third Amendment, dated as of December 30, 2008, to the Ruby Tuesday, Inc. 2005 Deferred Compensation Plan (incorporated by reference from Exhibit 10.3 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 2, 2008 (File No. 1-12454)).*                        |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.39  |   | Fourth Amendment, dated as December 31, 2008, to the Ruby Tuesday, Inc. 2005 Deferred Compensation Plan (incorporated by reference from Exhibit 10.4 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 2, 2008 (File No. 1-12454)).*                          |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.40  |   | Form of Non-Qualified Stock Option Award and Terms and Conditions (ESOP) (incorporated by reference from Exhibit 10.1 to Form 8-K filed on April 1, 2005 (File No. 1-12454)).*                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.41  |   | Form of Non-Qualified Stock Option Award and Terms and Conditions (MSOP) (incorporated by reference from Exhibit 10.2 to Form 8-K filed on April 1, 2005 (File No. 1-12454)).*                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.42  |   | Form of Non-Qualified Stock Option Award and Terms and Conditions (Beall) (incorporated by reference from Exhibit 10.3 to Form 8-K filed on April 1, 2005 (File No. 1-12454)).*                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.43  |   | Employment Agreement dated as of June 19, 1999, by and between Ruby Tuesday, Inc. and Samuel E. Beall, III (incorporated by reference from Exhibit 99.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 5, 1999 (File No. 1-12454)).*                       |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.44  |   | First Amendment, dated as of January 9, 2003, to Employment Agreement by and between Ruby Tuesday, Inc. and Samuel E. Beall, III (incorporated by reference from Exhibit 99.7 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 3, 2002 (File No. 1-12454)).* |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.45  |   | Second Amendment, dated as of July 18, 2008, to Employment Agreement by and between Ruby Tuesday, Inc. and Samuel E. Beall, III (incorporated by reference from Exhibit 10.49 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 2008 (File No. 1-12454)).*    |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.46  |   | Third Amendment, dated as of July 29, 2008, to Employment Agreement by and between Ruby Tuesday, Inc. and Samuel E. Beall, III (incorporated by reference from Exhibit 10.50 to the Ruby Tuesday, Inc. Annual Report on Form 10-K for the fiscal year ended June 3, 2008 (File No. 1-12454)).*     |

----

|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.47  |   | Fourth Amendment, dated as of October 8, 2008, to Employment Agreement by and between Ruby Tuesday, Inc. and Samuel E. Beall, III (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended September 2, 2008 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.48  |   | Severance Agreement, dated as of January 8, 2009, by and between Ruby Tuesday, Inc. and Mark Ingram (incorporated by reference from Exhibit 10.5 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 2, 2008 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.49  |   | Consulting Agreement, dated as of January 8, 2009, by and between Ruby Tuesday, Inc. and Global Partner Ships, Inc. (incorporated by reference from Exhibit 10.6 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 2, 2008 (File No. 1-12454)).                                                                                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.50  |   | Description of Cash Bonus Plan (incorporated by reference to Form 8-K filed on July 14, 2006 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.51  |   | Distribution Agreement, dated as of March 2, 1996, by and among Morrison Restaurants Inc., Morrison Fresh Cooking, Inc. and Morrison Health Care, Inc. (incorporated by reference from Exhibit 10.23 to Form 8-B filed on March 15, 1996 (File No. 1-12454)).                                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.52  |   | Amended and Restated Tax Allocation and Indemnification Agreement, dated as of March 2, 1996, by and among Morrison Restaurants Inc., Custom Management Corporation of Pennsylvania, Custom Management Corporation, John C. Metz & Associates, Inc., Morrison International, Inc., Morrison Custom Management Corporation of Pennsylvania, MorrisonFresh Cooking, Inc., Ruby Tuesday, Inc., a Delaware corporation, Ruby Tuesday (Georgia), Inc., a Georgia corporation, Tias, Inc. and Morrison Health Care, Inc. (incorporated by reference from Exhibit 10.24 to Form 8-B filed on March 15, 1996 (File No. 1-12454)). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.53  |   | Agreement Respecting Employee Benefit Matters, dated as of March 2, 1996, by and among Morrison Restaurants Inc., Morrison Fresh Cooking, Inc. and Morrison Health Care, Inc. (incorporated by reference from Exhibit 10.25 to Form 8-B filed on March 15, 1996 (File No. 1-12454)).                                                                                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.54  |   | Form of Non-Qualified Stock Option Award and Terms and Conditions (DSOP) (incorporated by reference from Exhibit 10.2 to Form 8-K filed on October 6, 2005 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.55  |   | Form of Restricted Stock Award and Additional Terms and Conditions (incorporated by reference from Exhibit 10.1 to Form 8-K filed on October 6, 2005 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.56  |   | Trust Agreement (dated as of July 23, 2004) between Ruby Tuesday Inc. and U.S. Trust Company, N.A. (incorporated by reference from Exhibit 99.3 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended November 30, 2004 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.57  |   | Master Distribution Agreement, dated as of December 8, 2006 and effective as of November 15, 2006, by and between Ruby Tuesday, Inc. and PFG Customized Distribution (portions of which have been redacted pursuant to a confidential treatment request filed with the SEC) (incorporated by reference from Exhibit 10.4 to the Ruby Tuesday, Inc. QuarterlyReport on Form 10-Q for the quarter ended December 5, 2006 (File No. 1-12454)).                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 10.58  |   | Amended and Restated Revolving Credit Agreement, dated as of February 28, 2007, by and among Ruby Tuesday, Inc., the Lenders, and Bank of America, N.A., as Administrative Agent, Issuing Bank                                                                                                                                                                                                                                                                                                                                                                                                                                |

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|   |   | and Swingline Lender (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended September 1, 2009 (File No. 1-12454)).                                                                                                                                                                                                                                                                                                                                     |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.59  |   | First Amendment to Amended and Restated Revolving Credit Agreement, dated as of November 30, 2007, by and among Ruby Tuesday, Inc., the Lenders, and Bank of America, N.A., as Administrative Agent, Issuing Bank and Swingline Lender (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarterended December 4, 2007 (File No. 1-12454)).                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.60  |   | Limited Waiver Agreement to the Amended and Restated Revolving Credit Agreement, dated as of February 29, 2008, by and among Ruby Tuesday, Inc., the Lenders, the Guarantors, and Bank of America, N.A., as Administrative Agent for the Lenders (incorporated by reference from Exhibit 10.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Qfor the quarter ended March 4, 2008 (File No. 1-12454)).                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.61  |   | Second Amendment to Amended and Restated Revolving Credit Agreement, dated as of May 21, 2008, by and among Ruby Tuesday, Inc., the Lenders, and Bank of America, N.A., as Administrative Agent, Issuing Bank and Swingline Lender (incorporated by reference from Exhibit 10.1 to Form 8-K filed on May 22, 2008 (File No. 1-12454)).                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.62  |   | Amended and Restated Loan Facility Agreement and Guaranty by and among Ruby Tuesday, Inc., Bank of America, N.A., as Servicer, Amsouth Bank, as Documentation Agent, SunTrust Bank, as Co-Syndication Agent, Wachovia Bank N.A., as Co-Syndication Agent, and each of the participants party hereto dated as of November 19, 2004, Banc of America SecuritiesLLC as Lead Arranger (incorporated by reference from Exhibit 10.2 to the Ruby Tuesday, Inc. Form 10-Q for the quarter ended September 1, 2010 (File No. 1-12454)). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.63  |   | First Amendment to Amended and Restated Loan Facility Agreement and Guaranty, dated as of September 8, 2006, by and among Ruby Tuesday, Inc., and Bank of America, N.A., as Servicer, and the Participants (incorporated by reference from Exhibit 10.1 to Form 8-K filed on September 14, 2006 (File No. 1-12454)).                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.64  |   | Second Amendment to Amended and Restated Loan Facility Agreement and Guaranty, dated as of February 28, 2007, by and among Ruby Tuesday, Inc., the Participants, and Bank of America, N.A., as Servicer and Agent for the Participants (incorporated by reference from Exhibit 10.2 to Form 8-K filed on March 5, 2007 (File No. 1-12454)).                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.65  |   | Third Amendment to Amended and Restated Loan Facility Agreement and Guaranty, dated as of November 30, 2007, by and among Ruby Tuesday, Inc., the Participants, and Bank of America, N.A., as Servicer and Agent for the Participants (incorporated by reference from Exhibit 10.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarterended December 4, 2007 (File No. 1-12454)).                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.66  |   | Limited Waiver Agreement to the Amended and Restated Loan Facility Agreement and Guaranty, dated as of February 29, 2008, by and among Ruby Tuesday, Inc., the Guarantors, the Participants, and Bank of America, N.A., as Servicer and Agent for the Participants (incorporated by reference from Exhibit 10.3 to the Ruby Tuesday, Inc. Quarterly Reporton Form 10-Q for the quarter ended March 4, 2008 (File No. 1-12454)).                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.67  |   | Fourth Amendment to Amended and Restated Loan Facility Agreement and Guaranty, dated as of May 21, 2008, by and among Ruby Tuesday, Inc., the Participants, and Bank of America, N.A., as                                                                                                                                                                                                                                                                                                                                       |

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|   |   | Servicer and Agent for the Participants (incorporated by reference from Exhibit 10.3 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended September 1, 2009 (File No. 1-12454)).                                                                                                                                                                                                                                                                                 |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.68  |   | Amended and Restated Revolving Credit Note, Lender Commitment Agreement (dated as of November 7, 2005) and Commitment Schedule (incorporated by reference from Exhibit 99.2 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended November 29, 2005 (File No. 1-12454)).                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.69  |   | Amended and Restated Note Purchase Agreement, dated as of May 21, 2008, by and among Ruby Tuesday, Inc. and the institutional investors thereto (incorporated by reference from Exhibit 10.3 to Form 8-K filed on May 22, 2008 (File No. 1-12454)).                                                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.70  |   | Pledge Agreement, dated as of May 21, 2008, by and among Ruby Tuesday, Inc., the Pledgors and Bank of America, N.A., as Collateral Agent under the Intercreditor Agreement for the Secured Creditors (incorporated by reference from Exhibit 10.4 to Form 8-K filed on May 22, 2008 (File No. 1-12454)).                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.71  |   | Intercreditor and Collateral Agency Agreement, dated as of May 21, 2008, by and among Bank of America, N.A., as Collateral Agent, Administrative Agent for the Revolving Credit Facility on behalf of the Revolving Credit Facility Lenders, Servicer for the Franchise Loan Facility on behalf of the Franchise Loan Facility Participants, and theInstitutional Investors as Noteholders (incorporated by reference from Exhibit 10.5 to Form 8-K filed on May 22, 2008 (File No. 1-12454)). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.72  |   | Restricted Stock Award (incorporated by reference from Exhibit 10.1 to Form 8-K filed on April 17, 2007 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.73  |   | Restricted Stock Award (Beall) (incorporated by reference from Exhibit 10.2 to Form 8-K filed on April 17, 2007 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.74  |   | Form of Director Restricted Stock Award (incorporated by reference from Exhibit 10.4 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended December 4, 2007 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.75  |   | Non-Qualified Stock Option Award (Beall) (incorporated by reference from Exhibit 10.3 to Form 8-K filed on April 17, 2007 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.76  |   | First Amendment to the Ruby Tuesday, Inc. Non-Qualified Stock Option Award (incorporated by reference from Exhibit 10.4 to Form 8-K filed on April 17, 2007 (File No. 1-12454)).*                                                                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.77  |   | Indenture, dated December 31, 2007, to the Ruby Tuesday, Inc. Cafeteria Plan (incorporated by reference from Exhibit 10.4 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended March 4, 2008 (File No. 1-12454)).*                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.78  |   | Indenture, dated December 31, 2007, to the Ruby Tuesday, Inc. Health Savings Account Plan (incorporated by reference from Exhibit 10.5 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended March 4, 2008 (File No. 1-12454)).*                                                                                                                                                                                                                                       |

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| 10.79  |   | Form of Indemnification Agreement, dated April 7, 2010 (incorporated by reference from Exhibit 10.1 to the Ruby Tuesday, Inc. Quarterly Report on Form 10-Q for the quarter ended March 2, 2010 (File No. 1-12454)). |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                 |
| 10.80  |   | Form of Non-Qualified Stock Option Award (incorporated by reference from Exhibit 10.1 to Form 8-K filed on July 27, 2010 (File No. 1-12454)).*                                                                       |
|   |   |                                                                                                                                                                                                                 |
| 10.81  |   | Form of Service Stock Award (incorporated by reference from Exhibit 10.2 to Form 8-K filed on July 27, 2010 (File No. 1-12454)).*                                                                                    |
|   |   |                                                                                                                                                                                                                 |
| 10.82  |   | Ruby Tuesday, Inc. Severance Pay Plan (incorporated by reference from Exhibit 10.3 to Form 8-K filed on July 27, 2010 (File No. 1-12454)).*                                                                          |
|   |   |                                                                                                                                                                                                                 |
| 12.1   |   | Statement regarding computation of Consolidated Ratio of Earnings to Fixed Charges.+                                                                                                                                 |
|   |   |                                                                                                                                                                                                                 |
| 21.1   |   | Subsidiaries of Ruby Tuesday, Inc.+                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                 |
| 23.1   |   | Consent of KPMG LLP, Independent Registered Public Accounting Firm.+                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                 |
| 31.1   |   | Certification of Chairman of the Board, President, and Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.+                                                                           |
|   |   |                                                                                                                                                                                                                 |
| 31.2   |   | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.+                                                                                                                 |
|   |   |                                                                                                                                                                                                                 |
| 32.1   |   | Certification of Chairman of the Board, President, and Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.+                                                                           |
|   |   |                                                                                                                                                                                                                 |
| 32.2   |   | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.+                                                                                                                 |

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