Ruth’s Hospitality 2Q profit, sales fall

HEATHROW Fla. Ruth’s Hospitality Group Inc., parent company to the Ruth’s Chris Steak House and Mitchell’s Fish Market chains, posted Friday double-digit declines in both sales and profit for the second quarter.

 

For the quarter ended June 28, net income fell 16 percent to $2.3 million, or 10 cents per share, from year-ago earnings of $2.8 million, or 12 cents per share. Latest-quarter revenue fell 18 percent to $88.4 million.

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish