Ruth’s Hospitality 4Q sales, profit drop

HEATHROW Fla. Sharp declines in same-store sales and impairment and restructuring charges led Ruth’s Hospitality Group Inc. to swing to a net loss in its fourth quarter.

The parent of the Ruth’s Chris Steakhouse and other chains said Friday that the company’s fourth-quarter loss totaled $60.7 million, or $2.60 per share, compared to a profit of $4.1 million, or 18 cents per share, in the same quarter a year earlier.

The latest quarter

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