Ruth’s Hospitality posts larger 3Q loss

HEATHROW Fla. Ruth’s Hospitality Group Inc. reported Friday a third-quarter net loss almost double that of the same quarter last year, as sales were hurt by consumers who continued to trade down to cheaper meals than that of an upscale steakhouse, or who decided to stay at home.

The parent to Ruth’s Chris Steak House and Mitchell’s Fish Market booked a loss of $954,000, or 4 cents a share, for the quarter ended Sept. 27, compared to a loss of $520,000, or 2 cents per

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