Brief: Ruth’S Hospitality Group Inc Reports Q2 Adj EPS Of $0.32

Ruth's Hospitality

10/08/2018 12:21

Aug 10 (Reuters) - Ruth's Hospitality Group Inc  RUTH.O :
    * RUTH’S HOSPITALITY GROUP, INC. REPORTS SECOND QUARTER 2018
FINANCIAL RESULTS
    * Q2 EARNINGS PER SHARE $0.32 FROM CONTINUING OPERATIONS
    * Q2 REVENUE $109.6 MILLION VERSUS I/B/E/S VIEW $111.7
MILLION
    * Q2 EARNINGS PER SHARE VIEW $0.30 -- THOMSON REUTERS
I/B/E/S
    * Q2 NON-GAAP EARNINGS PER SHARE $0.32 FROM CONTINUING
OPERATIONS
    * Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.32 EXCLUDING
ITEMS
    * QTRLY CALENDAR COMPARABLE RESTAURANT SALES AT
COMPANY-OWNED
RESTAURANTS INCREASED 1.3%
    * COMPANY EXPECTS TO OPEN TWO NEW RESTAURANTS DURING BALANCE
OF
2018
    * SEES  FULL YEAR 2018 FOOD AND BEVERAGE COSTS OF 28.0% TO
30.0%
OF RESTAURANT SALES
    * SEES 2018 CAPITAL EXPENDITURES OF $30 MILLION TO $32
MILLION
    * SEES FULL YEAR 2018 MARKETING AND ADVERTISING COSTS OF
3.8% TO
4.0% OF TOTAL REVENUE
    * SEES FY 2018 RESTAURANT OPERATING EXPENSES OF 47.0% TO
49.0% OF
RESTAURANT SALES
    * SAYS RESTAURANT SALES IN Q2 OF 2018 INCREASED 10.0% TO
$103.5
MILLION COMPARED TO $94.1 MILLION IN Q2 OF 2017.

Source text for Eikon:  ID:nBw4xbsWGa 
Further company coverage:  RUTH.O 

 (Reuters.Briefs@thomsonreuters.com)