Brief: Ruth's Hospitality Group Reports Q1 Earnings Per Share Of $0.47

Ruth's Hospitality

03/05/2019 12:51

May 3 (Reuters) - Ruth's Hospitality Group Inc  RUTH.O :
    * RUTH'S HOSPITALITY GROUP, INC. REPORTS FIRST QUARTER 2019
FINANCIAL RESULTS
    * Q1 EARNINGS PER SHARE $0.47
    * Q1 REVENUE $119.7 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$119.3 MILLION
    * Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.45 EXCLUDING
ITEMS
    * Q1 EARNINGS PER SHARE ESTIMATE $0.45 -- REFINITIV IBES
DATA
    * QTRLY COMPARABLE RESTAURANT SALES AT COMPANY-OWNED
RESTAURANTS
INCREASED 1.8% COMPARED TO Q1 OF 2018
    * RUTH'S HOSPITALITY - QTRLY COMP RESTAURANT SALES & TRAFFIC
POSITIVELY AFFECTED BY ABOUT 200 BPS DUE TO SHIFT OF NEW YEAR'S
EVE HOLIDAY INTO Q1 OF 2019
    * RUTH'S HOSPITALITY GROUP - QTRLY COMP RESTAURANT SALES &
TRAFFIC
ALSO NEGATIVELY IMPACTED BY ABOUT 90 BPS DUE TO SHIFT OF EASTER
INTO Q2
    * SEES 2019 FOOD AND BEVERAGE COSTS OF 28.0% TO 30.0% OF
RESTAURANT SALES
    * SEES 2019 RESTAURANT OPERATING EXPENSES OF 48.0% TO 50.0%
OF
RESTAURANT SALES
    * SEES 2019 CAPITAL EXPENDITURES OF $54 MILLION TO $56
MILLION

Source text for Eikon:  ID:nBw2WkhP2a 
Further company coverage:  RUTH.O 

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