Ruth's Hospitality Group (RUTH) Misses Q1 EPS by 27c, Revenues Miss

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q1 EPS of $0.09, $0.27 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $108.54 million versus the consensus estimate of $120.81 million.

Cheryl Henry, President and Chief Executive Officer of Ruth's Hospitality Group, Inc., stated, “I want to express my extreme gratitude to the incredible group of people that I have the privilege of serving with – our Ruth’s Chris team members and franchise partners. It is no surprise to me that they have risen to meet this unique challenge. Our brand has a rich history of successfully responding to adversity and I am enormously proud of the tireless efforts of our people to transform our business and continue to take care of our guests. We are planning for the re-opening of our dining rooms and welcoming our guests and employees back with their safety and well-being remaining our primary concern.”

Financial Outlook

Due to the ongoing uncertainty around the duration and severity of the COVID-19 pandemic, the company has withdrawn its financial guidance for fiscal year 2020.

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

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