Ruth's Hospitality Group (RUTH) Tops Q4 EPS by 3c

Ruth's Hospitality Group (NASDAQ: RUTH) reported Q4 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $104.7 million versus the consensus estimate of $106.73 million.

Company-owned Sales

• For the fourth quarter of 2015, Company-owned comparable restaurant sales increased 3.2%, which consisted of an average check increase of 3.5%, partially offset by a slight traffic decrease of 0.3%.
• Average unit weekly sales were $114.2 thousand in the fourth quarter of 2015, an increase of 2.6% compared to $111.4 thousand in the fourth quarter of 2014.
• 67 Company-owned Ruth’s Chris Steak House restaurants were open at the end of the fourth quarter of 2015 compared to 65 Company-owned Ruth’s Chris Steak House restaurants at the end of the fourth quarter of 2014. Total operating weeks for the fourth quarter of 2015 increased to 865 from 836 in the fourth quarter of 2014. Total operating weeks exclude discontinued operations.

Franchise Income

• Franchise income in the fourth quarter of 2015 was up 3.5% to $4.6 million compared to $4.4 million in the fourth quarter of 2014. The increase in franchise income was due to new franchise restaurant openings during the last 12 months and a 0.5% increase in comparable franchise restaurant sales.
• 80 franchisee-owned restaurants were open at the end of the fourth quarter of 2015 compared to 77 at the end of the prior year fourth quarter.

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

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