Ruths Hospitality Group Inc Stock Price, News & Analysis

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Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) announced a conference call to discuss its first quarter 2023 financial results on May 5, 2023, at 8:30 AM ET. A press release with the financial results will be issued at approximately 7:00 AM ET on the same day, providing an overview of the company's performance. Investors can access the conference call by dialing 201-689-8470 and a replay will be available until May 12, 2023. Ruth's Hospitality operates over 150 restaurants worldwide, specializing in USDA Prime grade steaks, making it the largest fine dining steakhouse chain in the U.S.

Ruth’s Chris Steak House has opened its third location in Reston, Virginia, expanding its presence in the Fairfax County area. The new restaurant spans over 7,400 square feet and features elegant dining spaces, a bar-lounge, and private dining options. This launch reflects the brand's commitment to delivering an exclusive dining experience, combining high-quality cuisine with exceptional service. Ruth’s Chris emphasizes its renowned cooking methods and customer satisfaction, continuing a legacy that began in 1965. The restaurant is part of a global chain with over 150 locations, offering USDA Prime steaks and a variety of other dining options.

Ruth’s Hospitality Group (Nasdaq: RUTH) reported a 9.6% increase in fourth-quarter restaurant sales, totaling $130 million in average weekly sales for Company-owned locations. Net income was $12.4 million, or $0.38 per diluted share, down from $13.8 million in 2021. Adjusted EPS increased by 13.1% to $0.38, while adjusted EBITDA rose 12.2% to $24 million. For 2022, total restaurant sales reached $475.4 million, with net income of $38.6 million, or $1.15 per diluted share. The Company declared a quarterly dividend increase to $0.16 per share and repurchased 1.7 million shares for $29.6 million. The 2023 outlook includes marketing expenses of $15-$17 million and capital expenditures of $45-$50 million.

Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) will hold a conference call on February 23, 2023, at 8:30 AM ET to discuss its fourth quarter and full year 2022 financial results. A press release detailing these results will be issued at approximately 7:00 AM ET that same day. Interested parties can access the call by dialing 201-689-8470 or listen through a live webcast on the company’s website. The replay will be available for one week post-call. Ruth's Hospitality is the largest fine dining steakhouse chain in the U.S. with over 150 locations worldwide.

Ruth's Hospitality Group (RUTH) reported its third-quarter financial results, showcasing an 8.5% increase in total restaurant sales compared to 2021, attributed to new restaurant openings and comparable sales growth. Net income for the quarter was $5.5 million, or $0.16 per diluted share, down from $6.9 million, or $0.20 per diluted share in the prior year. The company also announced a quarterly dividend of $0.14 per share. Looking ahead, Ruth's expects to improve labor expenses and plans to open five additional restaurants by 2023, while managing its capital expenditures between $45 to $48 million.

Ruth’s Chris Steak House has opened a new location in Winter Park, Florida, enhancing the area's fine dining scene. The restaurant features a spacious 7,840-square-foot layout, including a main dining area, a luxurious bar, outdoor seating, and private dining rooms. With over 150 locations globally, Ruth’s Chris remains known for its signature steaks served on 500-degree plates. The opening was celebrated with a special dinner supporting Second Harvest Food Bank, reflecting the brand's commitment to the community.