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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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