Ruth's Hospitality Group (RUTH) Tops Q4 EPS by 2c

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $107.6 million versus the consensus estimate of $108.54 million.

Michael P. O'Donnell, Chairman and Chief Executive Officer of Ruth\s Hospitality Group, Inc., noted, “Our fourth quarter results capped off our 5th consecutive year of earnings growth. These results would not be possible without the dedication to operational excellence from our franchisees and team members.”

O’Donnell added, “Looking ahead to 2017, we are excited about our development plans. So far this year, we have opened two new Company-owned Ruth’s Chris Steak House restaurants, one in Waltham, MA and one in Tulsa, OK, and we have one more expected to open in the first quarter in Cleveland, OH. Additionally, we will open a fourth Company-operated restaurant in Denver, CO later this year, the most Company restaurants that we have opened in a single year since 2008.”

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

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