Ruth’s Hospitality Group beef costs begin to ease

Ruth’s Hospitality Group beef costs begin to ease

Company expects beef costs to fall 2 to 3 percent in the fourth quarter

Ruth’s Hospitality Group Inc. said Friday that its beef costs have started easing this month, and it expects those costs to fall 2 percent to 3 percent in the fourth quarter.

Ruth’s, based in Winter Park, Fla., operates the 145-unit Ruth’s Chris Steak House chain.

Speaking during Ruth’s earnings call Friday morning, chief financial officer Arne Haak said the supply of prime beef the company buys has increased this year, which has kept prices down. Although prices rose

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