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, ...
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 NRN we ask that you register now. We promise it will only take a few minutes!