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August 1, 2014
07:03 EDTRUTHRuth's Hospitality reports Q2 EPS 20c ex-items, consensus 20c
Reports Q2 revenue $102.99M, consensus $104.74M. Company-owned comparable restaurant sales for Ruth’s Chris Steak House increased 2.8%. Company-owned comparable restaurant sales for Mitchell’s Fish Market declined 0.7%. The company currently expects to open a total of three company-owned Ruth’s Chris Steak House restaurants and three franchisee-owned restaurants during 2014. To date this year, one company-owned location has opened in Denver, Colorado and one franchisee-owned location has opened in Boise, Idaho. The company has signed leases to open two restaurants in 2015 with one location in Dallas, Texas and the other in St. Petersburg, Florida. Franchisees are currently projected to open four locations during 2015.
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November 17, 2014
08:38 EDTRUTHRuth's Hospitality board approves $50M share repurchase program
In conjunction with the sale of all the assets related to Mitchell's, Ruth’s Hospitality Group announced that its Board of Directors has approved a new share repurchase program under which it authorized the company to repurchase up to $50M of its common shares outstanding. The new authorization replaces the company’s previous share repurchase program announced in May 2013, which has been terminated.
08:37 EDTRUTHRuth's Hospitality to sell Mitchell's restaurants to Landry's
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