Ruth's Hospitality Group (RUTH) Tops Q3 EPS by 1c

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q3 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $93.5 million versus the consensus estimate of $95.92 million.

Comparable Sales Up 3.7%

ased on current information, Ruth's Hospitality Group, Inc. is revising its full year 2018 outlook based on a 52 week year ending December 30, 2018, as follows:

• Food and beverage costs of 28.2% to 28.8% of restaurant sales
• Restaurant operating expenses of 48.0% to 48.6% of restaurant sales
• Marketing and advertising costs of 3.7% to 3.9% of total revenue
• General and administrative expenses of $34 million to $36 million, exclusive of the integration costs related to the acquisition of the Hawaiian restaurants
• Effective tax rate of 17% to 19%, excluding discrete income tax items
• Capital expenditures of $30 million to $32 million
• Fully diluted shares outstanding of 30.3 million to 30.5 million (exclusive of any future share repurchases under the Company's share repurchase program)

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

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