Ruth’s Chris' comps drop 15% in Oct., prompting heads-up on profits

HEATHROW Fla. Ruth’s Hospitality Group Inc. said Wednesday its full-year profit expectation is “no longer a realistic goal” as sales for the upscale steakhouse and seafood operator move further and further into negative territory with the close of 2008.

Year-to-year same-store sales at corporate Ruth’s Chris Steak House restaurants dropped 15 percent in October, the company reported, a freefall that followed a September-ended third quarter drop of 6.9 percent.

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