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Ruth’s Chris Steak House (RUTH) maintains this centralized news hub for stakeholders tracking the premium dining leader’s market position and growth strategy. Access timely updates about financial performance, operational developments, and culinary innovations from the company that redefined upscale steakhouse dining since 1965.
This resource aggregates essential information for monitoring RUTH’s strategic initiatives, including quarterly earnings reports, restaurant expansion announcements, and menu innovation updates. Investors will find disclosures about franchise partnerships and operational milestones, while food industry observers can track culinary trends set by the USDA Prime steak specialist.
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Ruth's Hospitality Group reported first-quarter 2021 results, showing resilience with $81.6 million in restaurant sales, although down from $103.0 million in Q1 2020. Strong operational performance led to a net income of $9.1 million, or $0.26 per diluted share, versus a loss of $3.8 million last year. The company aims to launch 2-3 new restaurants in 2021 and 3-4 in 2022, leveraging improved cash flow and dining room reopenings. As of March 28, 2021, cash reserves were approximately $112.3 million, positioning the company favorably for growth amid ongoing recovery from COVID-19 impacts.
Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) has announced it will host a conference call on May 7, 2021, at 8:30 AM Eastern Time to discuss its first quarter 2021 financial results. A press release with these results will be released at 7:00 AM on the same day. Investors can access the call by dialing 201-689-8470, with a replay available until May 14, 2021. Ruth's Hospitality Group operates over 140 Ruth’s Chris Steak House locations worldwide, specializing in USDA Prime grade steaks.
Ruth's Hospitality Group (NASDAQ: RUTH) reported its fourth quarter and fiscal year 2020 results, noting significant challenges due to COVID-19. As of December 27, 2020, 91% of company-owned restaurants were operational, yet Q4 comparable sales fell by 39.7% year-over-year. Revenue for Q4 was $77.4 million, down from $135 million in 2019. The company incurred a net loss of $25.3 million for the fiscal year, revealing a non-GAAP diluted loss per share of $0.38. Despite these challenges, cash reserves rose to $112 million as of February 2021. No financial guidance was provided for 2021.
Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) will host a conference call on March 5, 2021, at 8:30 AM ET to discuss its fourth quarter and full year 2020 financial results. A press release detailing these results will be issued at approximately 7:00 AM ET the same day. The conference call can be accessed by calling 201-689-8470, with a replay available until March 12, 2021. Ruth's Hospitality is the largest fine dining steakhouse chain in the U.S., with over 140 locations specializing in USDA Prime steaks.
Ruth's Hospitality Group (Nasdaq: RUTH) has appointed Kristy Chipman as Chief Financial Officer, effective November 30, 2020, succeeding Arne Haak who will remain as a strategic advisor until early 2021. Chipman brings over 25 years of experience in finance roles at companies like Orangetheory Fitness and Domino's Pizza. Cheryl Henry, CEO, expressed optimism about Chipman's leadership while thanking Haak for his nine years of service. Ruth's Hospitality operates over 140 locations worldwide, specializing in USDA Prime grade steaks.
Ruth’s Hospitality Group (NASDAQ: RUTH) reported third-quarter results impacted by COVID-19, with total revenue of $63.4 million, down from $103.0 million in 2019. The company reopened 94% of its restaurants, with comparable sales dropping 36.7% year-over-year. Notably, the cash balance increased by $8.8 million, totaling approximately $103.1 million. A net loss of $5.3 million was reported, reflecting $1.2 million in severance costs and a $3.3 million impairment loss. Despite challenges, management expressed cautious optimism for improvement in sales and operations.
Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) will host a conference call on October 30, 2020, at 8:30 AM ET to discuss third quarter financial results, with a press release issued at 7:00 AM ET. The call will be accessible via phone and webcast. Ruth's Hospitality is the largest fine dining steakhouse company in the U.S., boasting over 150 locations specializing in USDA Prime grade steaks. For more details, visit www.rhgi.com.
