Ruth's Hospitality Group (RUTH) Misses Q3 EPS by 6c; Offers Guidance

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q3 EPS of $0.16, $0.06 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $112.74 million versus the consensus estimate of $111.34 million.

GUIDANCE:

Based on current information and its most recent projections, Ruth’s Hospitality Group, Inc. is providing its updated outlook for the following 2022 operating measures:

Fiscal year 2022 restaurant labor expense improvement of approximately 200 basis points (as a percentage of restaurants sales) compared to 2019
Fiscal year 2022 marketing and advertising expenses are expected to be between $17 and $18 million
Fiscal year 2022 general and administrative costs are expected to be between $37 and $38 million
Effective income tax rate of 16% to 17%
Fiscal year 2022 capital expenditures of $45 to $48 million

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

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