Ruth’s Chris’ profit falls 62% on traffic slowdown

HEATHROW Fla. Ruth’s Chris Steak House Inc., the industry’s largest upscale steakhouse operator and franchisor, continued its downward spiral with a 62-percent plunge in its fourth-quarter profit on a 1.1-percent uptick in revenues. The company said its performance was hit by “continuing challenges with guest traffic driven by an uncertain economy and a more cautious consumer.”

For the 13-week quarter ended Dec. 30, the company earned $4.1 million, or 18 cents

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