Ruth's Hospitality Group (RUTH) Misses Q1 EPS by 27c, Revenues Miss
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Ruth’s Hospitality Group, Inc. Provides Business Update Related to COVID-19 and Reports First Quarter 2020 Financial Results
May 8, 2020 6:00 AM EDTWINTER PARK, Fla.--(BUSINESS WIRE)-- Ruths Hospitality Group, Inc. (the Company) (NASDAQ: RUTH) today provided a business update on the impact of the COVID-19 pandemic, and reported unaudited financial results for its first quarter ended March 29, 2020.
COVID-19 Business Update:
During the first quarter of 2020, the Company began to experience the impact of the COVID-19 pandemic on its business. While first limited to franchise locations in Asia, by the middle of March, the effect of the pandemic was felt throughout the Companys entire operations. These effects have continued in the... More
