Sales, beef prices lift Ruth’s Chris Hospitality Group 2Q profits

Sales, beef prices lift Ruth’s Chris Hospitality Group 2Q profits

The company's second quarter earnings increased 9%

Profits rose nearly 9 percent in the second quarter at Ruth’s Chris Hospitality Group, the company said Friday, thanks to higher sales and a 2 percent decline in the price of beef.

But executives said on the chain’s second quarter earnings call Friday morning that beef costs should rise 3 percent to 6 percent the rest of the year.

Net income in the period was $7.5 million, or 22 cents per share, in the quarter ended June 28, up from $6.9 million or 19 cents per share i

Register to view the full article

Register to view this article

Already a member? .

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