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Ruth’s Chris Steak House, symbolized as RUTH on the stock market, is a premier fine dining restaurant renowned for its exceptional steaks. The company was founded in 1965 by Ruth Fertel, a determined Louisiana native who ventured into the restaurant industry after several career attempts. She saw potential in a local steakhouse advertised for sale and, using her house as collateral, borrowed $22,000 from the bank to purchase and operate the business. Her dedication and hard work transformed Ruth’s Chris Steak House into a global dining destination.
Today, Ruth’s Chris Steak House operates as a successful chain of upscale steak houses, celebrated for its high-quality steaks, exceptional service, and elegant dining atmosphere. The company offers a diverse menu, including USDA Prime steaks, seafood, and a variety of side dishes and desserts, all served in a warm, inviting setting. Ruth’s Chris is committed to using the finest ingredients and providing an unforgettable dining experience for its guests.
Ruth’s Chris Steak House continues to expand its footprint, both nationally and internationally, through strategic partnerships and franchise agreements. The company remains financially robust, leveraging its strong brand reputation and loyal customer base to drive growth and profitability. Recent achievements include the launch of new locations and the enhancement of their menu offerings to cater to evolving customer preferences.
With its rich heritage and unwavering commitment to excellence, Ruth’s Chris Steak House stands out as a leader in the fine dining sector, attracting steak enthusiasts and food connoisseurs from around the world.
Ruth's Hospitality Group (RUTH) is set to announce its third quarter 2022 financial results on November 4, 2022, at 8:30 AM Eastern Time. A press release will precede the call at 7:00 AM Eastern Time. Investors can participate via phone at 201-689-8470 or access the webcast on the company's website www.rhgi.com. With over 150 locations worldwide, Ruth's Chris specializes in USDA Prime steaks served 'sizzling.'
Ruth’s Chris Steak House has opened its fourth location in Worcester, Massachusetts, at 4 Mercantile Street. The new 8,250-square-foot restaurant boasts three main dining rooms, a luxurious bar, and a private room for events. This expansion into central Massachusetts aims to enhance the region's fine dining scene. The restaurant hosted a dinner for community leaders to benefit the Worcester County Food Bank. Ruth’s Chris, renowned for its USDA Prime steak served on sizzling plates, has over 150 locations globally.
Ruth’s Chris Steak House has opened its seventh location in the Greater Los Angeles Area, specifically in Long Beach. Located at 180 East Ocean Boulevard, the new restaurant spans 8,075 square feet and features multiple dining areas, a bar, and outdoor seating. Ruth’s Chris, renowned for its USDA Prime steaks served on 500-degree plates, aims to deliver a unique dining experience. The opening follows a pre-launch event that supported the Los Angeles Regional Food Bank.
Ruth’s Chris Steak House has announced the opening of its third Long Island location in Melville, scheduled for August 15. This new restaurant spans 10,684 square feet and features a lavish dining area, bar, and private rooms for various events. Celebrating over 57 years in the industry, Ruth's Chris is known for its high-quality USDA Prime steaks served on sizzling plates. A pre-opening dinner will support Island Harvest Food Bank. The expansion reflects Ruth's commitment to enhancing Long Island's fine dining scene.
Ruth’s Hospitality Group, Inc. (Nasdaq: RUTH) reported record second-quarter revenue of $120.8 million, a 16% increase from 2021. The company announced a new $60 million share repurchase program and declared a $0.14 per share quarterly dividend. Comparable restaurant sales rose 12.6% year-over-year and 18.6% compared to 2019. Net income was $10.3 million, or $0.31 per diluted share, influenced by a $6 million legal settlement loss. The company aims to open up to five new restaurants in 2022, emphasizing a strong investment in training and technology.
Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) announced a conference call scheduled for August 5, 2022, at 8:30 AM Eastern Time to discuss its Q2 2022 financial results. A press release detailing these results will be issued at 7:00 AM Eastern Time on the same day. The conference call is accessible by phone and will also be webcast live on the company’s website. Ruth's Hospitality is known as the largest fine dining steakhouse company in the U.S., with 151 locations worldwide, specializing in USDA Prime steaks.
Ruth's Hospitality Group, Inc. (RUTH) reported a 17% increase in earnings per share to $0.31 for Q1 2022, with total restaurant sales of $118.7 million, up from $81.6 million in Q1 2021. Comparable restaurant sales rose 41.5% year-over-year. The company increased its quarterly dividend to $0.14 per share and opened a new restaurant in Aventura, FL. Despite challenges, the company anticipates a 200 basis point improvement in labor expenses and expects capital expenditures of $53 to $58 million for 2022.
Ruth's Hospitality Group (NASDAQ: RUTH) will host a conference call on May 6, 2022, at 8:30 AM ET to discuss its Q1 2022 financial results. A press release detailing these results will be issued at approximately 7:00 AM ET on the same day. Interested parties can access the call by dialing 412-317-6026 or via a live webcast on the company's website, with replay options available until May 13, 2022. Ruth's operates 150 Ruth's Chris Steak House locations worldwide.
Ruth’s Hospitality Group, Inc. (Nasdaq: RUTH) reported strong financial results for Q4 and FY 2021 with a net income of $13.8 million ($0.40 per diluted share) for Q4, up from $1.4 million in Q4 2020. Total restaurant sales reached $118.7 million, a significant increase from $72.2 million the previous year. For FY 2021, net income was $42.3 million ($1.23 per diluted share), up from a net loss of $25.3 million in 2020. The company also announced a quarterly dividend of $0.12 per share and plans to open five new restaurants in 2022.
Ruth's Hospitality Group (RUTH) will host a conference call on February 24, 2022, at 8:30 AM ET, to discuss its fourth quarter and full year 2021 financial results. A press release detailing these results will be issued earlier at 7:00 AM ET on the same day. Investors can access the call by dialing 201-689-8470 or via the company's website. Ruth's Hospitality is the largest fine dining steakhouse company in the U.S. with over 140 locations worldwide, specializing in USDA Prime grade steaks.
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