Ruth’s Hospitality: 2Q Earnings Snapshot
WINTER PARK, Fla. (AP) _ Ruth’s Hospitality Group Inc. (RUTH) on Friday reported second-quarter earnings of $9.3 million.
On a per-share basis, the Winter Park, Florida-based company said it had net income of 31 cents.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 31 cents per share.
The restaurant chain posted revenue of $110.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $112.4 million.
Ruth’s Hospitality shares have declined 2% since the beginning of the year. The stock has decreased 22% in the last 12 months.