Steakhouse sales rise as company heads into holiday season
Ruth's Hospitality Group Inc. said Friday that improving sales at its steakhouses in recession-roiled California and Florida helped the company narrow its losses in the third quarter. For the quarter ended Sept. 26, Ruth's reported a loss of $477,000, or 1 cent a share, compared with a loss of $954,000, or 4 cents a share, in the prior-year period. Revenue rose 4.9 percent, to $79.8 million from $76.1 million, with increases in both restaurant sales and franchise income. Same-store sales at ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!