Company to continue balancing value with high-end offerings after strong 4Q sales
Ruth's Hospitality Group Inc. swung to profit in its fourth quarter as customers started to return to higher-end dining. However, in a conference call with analysts, Ruth’s executives said they planned to maintain a barbell pricing strategy this year of offering $39.95 and $49.95 fixed-price menus alongside the regular menu that produces a $70 check average. Heathrow, Fla.-based Ruth's reported that net income for the quarter ended Dec. 26 totaled $3.9 million, or 9 cents per share, ...
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Contact: Desiree Torres Desiree.Torres@penton.com