Edition:
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Ruth’S Hospitality Group Inc Reports Q2 Adj EPS Of $0.32


Friday, 10 Aug 2018 07:00am EDT 

Aug 10 (Reuters) - Ruth's Hospitality Group Inc ::RUTH’S HOSPITALITY GROUP, INC. REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.32 FROM CONTINUING OPERATIONS.Q2 REVENUE $109.6 MILLION VERSUS I/B/E/S VIEW $111.7 MILLION.Q2 EARNINGS PER SHARE VIEW $0.30 -- THOMSON REUTERS I/B/E/S.Q2 NON-GAAP EARNINGS PER SHARE $0.32 FROM CONTINUING OPERATIONS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.32 EXCLUDING ITEMS.QTRLY CALENDAR COMPARABLE RESTAURANT SALES AT COMPANY-OWNED RESTAURANTS INCREASED 1.3%.COMPANY EXPECTS TO OPEN TWO NEW RESTAURANTS DURING BALANCE OF 2018.SEES FULL YEAR 2018 FOOD AND BEVERAGE COSTS OF 28.0% TO 30.0% OF RESTAURANT SALES.SEES 2018 CAPITAL EXPENDITURES OF $30 MILLION TO $32 MILLION.SEES FULL YEAR 2018 MARKETING AND ADVERTISING COSTS OF 3.8% TO 4.0% OF TOTAL REVENUE.SEES FY 2018 RESTAURANT OPERATING EXPENSES OF 47.0% TO 49.0% OF RESTAURANT SALES.SAYS RESTAURANT SALES IN Q2 OF 2018 INCREASED 10.0% TO $103.5 MILLION COMPARED TO $94.1 MILLION IN Q2 OF 2017.. 

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24.57
0.43 +1.78%
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