Brief: Ruth’S Hospitality Group Inc Q2 Non-Gaap Loss Per Share $0.48 Excluding Items

Ruth's Hospitality

31/07/2020 12:06

July 31 (Reuters) - Ruth's Hospitality Group Inc  RUTH.O :
    * RUTH’S HOSPITALITY GROUP, INC. PROVIDES BUSINESS UPDATE
RELATED
TO COVID-19 AND REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS
    * Q2 NON-GAAP LOSS PER SHARE $0.48 EXCLUDING ITEMS
    * Q2 LOSS PER SHARE $0.59
    * Q2 REVENUE $28.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$28.5
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $-0.53 -- REFINITIV IBES
DATA
    * RUTH'S HOSPITALITY GROUP - DURING Q2, COVID-19 PANDEMIC
CONTINUED TO IMPACT OVERALL SALES AND TRAFFIC
    * QTRLY RESTAURANT SALES WERE $27.0 MILLION COMPARED TO
$104.0
MILLION
    * WITHDRAWN ITS FINANCIAL GUIDANCE FOR FISCAL YEAR 2020
    * RUTH'S HOSPITALITY GROUP - EXPECTS WEEKLY CASH BURN FOR Q3
TO BE
APPROXIMATELY $1.0 MILLION PER WEEK

Source text for Eikon:  ID:nBw9T3S7qa 
Further company coverage:  RUTH.O 

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