Ruth's Hospitality Group (RUTH) Tops Q2 EPS by 1c

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q2 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $100 million versus the consensus estimate of $99.34 million.

Financial Outlook

Based on current information, Ruth's Hospitality Group, Inc. is updating its full year 2017 outlook based on a 53 week year ending December 31, 2017, as follows:

• Food and beverage costs of 29.0% to 31.0% 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 $32.0 million to $34.0 million
• Effective tax rate of 31% to 34%
• Capital expenditures of $23 million to $25 million
• Fully diluted shares outstanding of 31.2 million to 31.5 million (exclusive of any future share repurchases under the Company's share repurchase program)

The foregoing statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer you to our recent filings with the Securities and Exchange Commission for more detailed discussions of the risks that could impact our financial outlook and our future operating results and financial condition.

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

You May Also Be Interested In

• Diana Shipping withdraws bid to acquire Genco Shipping
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c
• Movano (MOVE) Misses Q2 EPS by 195c