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Ruth's Hospitality Group Inc. raised menu prices in the third quarter to offset 'historically high' beef costs and other commodity inflation.

‘Historically high’ beef costs, inflation pressure Ruth’s prices

Q3 beef prices up 65% over last year, CFO Kristy Chipman says, and brand plans another menu hike in mid-November

Ruth’s Hospitality Group Inc. in the third quarter experienced “historically high” beef costs and inflation in other commodities, leading it to raise menu prices and plan for another hike in mid-November, executives said Friday.

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