Rises on upbeat quarter, strong sales trends

Ruth's Hospitality

07/05/2021 14:55

** Shares of steakhouse operator  RUTH.O  up 1.8% at $27.17 
    ** Ruth's beats Refinitiv IBES estimate for first-quarter
total revenue
    ** Adjusted profit nearly triples to 26 cents per share,   
with dining rooms open in nearly all of its restaurants
 urn:newsml:reuters.com:*:nBwPXcV3a; analysts, on average, were expecting a profit of 10
cents per share
    ** RUTH says comparable restaurant sales have increased 2.7%
so far in the current quarter, compared to 2019
    ** RUTH also says it looks to boost its digital business and
open more restaurants in 2021 and 2022
    ** RUTH shares up about 51% YTD, as of last close

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))