Ruth's Hospitality Group (RUTH) Tops Q1 EPS by 2c

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q1 EPS of $0.30, $0.02 better than the analyst estimate of $0.28. Revenue for the quarter came in at $92.1 million versus the consensus estimate of $98.88 million.

Company-owned comparable restaurant sales increased 2.8% in the first quarter.

Based on current information, Ruth's Hospitality Group, Inc. is updating its full year 2015 outlook as follows:

• Cost of goods sold of 31.5% to 33.0% of restaurant sales
• Restaurant operating expenses of 47.0% to 49.0% of restaurant sales
• Marketing and advertising costs of 2.9% to 3.1% of total revenues
• General and administrative expenses of $25.0 million to $27.0 million
• Effective tax rate of 31% to 34%
• Capital expenditures of $20 million to $23 million
• Fully diluted shares outstanding of 34.7 million to 35.2 million (exclusive of any future share repurchases under the Company's previously announced share repurchase program)

For earnings history and earnings-related data on Ruth's Hospitality Group (RUTH) click here.

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