Ruth's Hospitality Group (RUTH) Tops Q2 EPS by 13c

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q2 EPS of $0.36, $0.13 better than the analyst estimate of $0.23. Revenue for the quarter came in at $110.9 million versus the consensus estimate of $106.68 million.

Financial Outlook:

Based on current information and its most recent projections, Ruth’s Hospitality Group, Inc. is providing its updated full year 2021 outlook for the following operating measures based on a 52-week year ending December 26, 2021:

• Restaurant labor efficiency of 250-300 basis points compared to 2019
• Marketing and advertising costs of $12 million to $14 million
• General and administrative expenses of $32 million to $33.5 million
• Effective income tax rate of 17% to 19%
• Total capital expenditures of $20 million to $25 million

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

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