Ruth's Hospitality Group (RUTH) Tops Q2 EPS by 3c

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q2 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $91 million versus the consensus estimate of $88.91 million. Comps increase 4.2%.

Michael P. O’Donnell, Chairman, President and Chief Executive Officer of Ruth's Hospitality Group, Inc., noted, “We were pleased to see a continuation of positive operating trends throughout the second quarter. Our solid revenue growth was driven by a balanced contribution from our new restaurants and a 4.2% increase in comparable store sales, which included a return to positive traffic growth. Furthermore, our topline momentum and strong operational execution enabled us to generate another quarter of strong earnings growth.”

O’Donnell added, “As we look forward, we intend to continue to manage our business with a balanced approach of reinvesting in our core operations, maintaining disciplined growth, and returning excess capital, pursuing a strategy that we believe can deliver consistent and meaningful shareholder returns over the long term.”

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

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