Ruth’s Hospitality Group Inc., the Winter Park, Fla.-based parent of Mitchell’s Fish Market and Ruth’s Chris Steak House, reported net income of $7.8 million during the June 30-ended second quarter. Despite rising beef prices in the U.S., the company experienced a same-store sales increase of 4.6 percent at company-owned Ruth’s Chris restaurants.
NET INCOME
Result: $7.8 million, or 22 cents per share% Increase: 33.2% (from $5.8 million, or 17 cents per share)
REVENUE
Result: $101.8 million% Increase: 4.8% (from $97.1 million)
SAME-STORE SALES
% Increase at company-owned Ruth’s Chris Steak Houses: 4.6%
% Decrease at company-owned Mitchell’s Fish Markets: 1.4%Source: Company report
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Contact Erin Dostal at [email protected].
Follow her on Twitter: @erindostal
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