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Lower beef prices boost Ruth’s 1Q profit

Steakhouse operator reports 4.6-percent decline in beef costs during the quarter

Lower beef prices helped Ruth’s Hospitality Group Inc. post a 3.3-percent increase in profit for the first quarter ended March 27, the company said Thursday.

“Our first-quarter results were highlighted by solid top-line growth and a favorable commodity environment,” said Michael P. O'Donnell, Ruth’s Hospitality chairman, president and CEO, in a statement.

The company said food and beverage costs as a percentage of restaurant sales decreased 87 b

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