Ruth’s Chris’ 1st-Q profit drops 33%

HEATHROW Fla. Ruth's Chris Steak House Inc. continued its downward spiral during the first quarter with a 33-percent plunge in profit despite a 21-percent upswing in revenues, the high-end steakhouse operator and franchisor reported Tuesday.

The company attributed the gain in revenues to having more restaurants open. Same-store sales decreased 6.9 percent in the first quarter, compared with a 1.9-percent increase during the same period of 2007, said the

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