Ruth’s Hospitality Group, Inc. Reports Second Quarter 2018 Financial Results
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Ruth's Hospitality Group (RUTH) Tops Q2 EPS by 2c, Revenues Miss
August 10, 2018 7:02 AM EDTRuth's Hospitality Group (NASDAQ: RUTH) reported Q2 EPS of $0.32, $0.02 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $111.72 million.
Restaurant sales in the second quarter of 2018 increased 10.0% to $103.5 million compared to $94.1 million in the second quarter of 2017.
The Company reported net income of $9.6 million, or $0.32 per diluted share, in the second quarter of 2018, compared to net income of $7.8 million, or $0.25 per diluted share, in the second quarter of 2017.
