Print
Email
Ruth's Chris Steak House Inc. (RUTH) filed Quarterly Report for the period ended 2011-09-25.
Ruth's Hospitality Group Inc. has a market cap of $160.9 million; its shares were traded at around $4.59 with a P/E ratio of 13.5 and P/S ratio of 0.5.
This is the annual revenues and earnings per share of RUTH over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of RUTH.
Highlight of Business Operations:
Restaurant Sales. Restaurant sales increased $1.4 million, or 1.9%, to $77.1 million in the third quarter of fiscal 2011 from $75.7 million in the third quarter of fiscal 2010. Company-owned comparable restaurant sales for Ruth’s Chris Steak House increased 2.6%. This increase was primarily due to an entrée increase of 1.2% and an increase in average check of 1.4%. Company-owned comparable restaurant sales for Mitchell’s Fish Market decreased 0.7%, which consisted of an entrée decrease of 2.4% offset by an increase in average check of 1.8%.Restaurant Operating Expenses. Restaurant operating expenses increased $1.1 million, or 2.7%, to $43.4 million in the third quarter of fiscal 2011 from $42.3 million in the third quarter of fiscal 2010. Restaurant operating expenses, as a percentage of restaurant sales, increased to 56.3% in the third quarter of fiscal 2011 from 55.9% in the third quarter of fiscal 2010 primarily due to higher group insurance costs.
Restaurant Sales. Restaurant sales increased $9.8 million, or 3.9%, to $258.2 million in the first thirty-nine weeks of fiscal 2011 from $248.4 million in the first thirty-nine weeks of fiscal 2010. Company-owned comparable restaurant sales for Ruth’s Chris Steak House increased 4.6%. This increase was primarily due to an entrée increase of 2.9% and an increase in average check of 1.7%. Company-owned comparable restaurant sales for Mitchell’s Fish Market decreased 1.5%. This decrease was primarily due to an entrée decrease of 4.1% offset by an increase in average check of 2.7%.
Restaurant Operating Expenses. Restaurant operating expenses increased $2.6 million, or 1.9%, to $134.8 million in the first thirty-nine weeks of fiscal 2011 from $132.2 million in the first thirty-nine weeks of fiscal 2010. Restaurant operating expenses, as a percentage of restaurant sales, decreased to 52.2% in the first thirty-nine weeks of fiscal 2011 from 53.2% in the first thirty-nine weeks of fiscal 2010 due to leveraging higher comparable restaurant sales.
Net Income Available to Preferred and Common Shareholders. Net income available to preferred and common shareholders increased $5.2 million to $14.8 million in the first thirty-nine weeks of fiscal 2011 from $9.6 million in the first thirty-nine weeks of fiscal 2010. Net income available to preferred and common shareholders in the first thirty-nine weeks of fiscal 2011 included charges for preferred stock dividends of $1.9 million and accretion of preferred stock redemption value of $0.3 million. Net income available to preferred and common shareholders in the first thirty-nine weeks of fiscal 2010 included charges for preferred stock dividends of $1.6 million and accretion of preferred stock redemption value of $0.2 million.
Subscribe RSS
