Restaurant News Resource - Ruth’s Hospitality Group Restaurant Industry News

Company-owned comparable restaurant sales for Ruth’s Chris Steak House increased 2.6%. Company-owned comparable restaurant sales for Mitchell’s Fish Market decreased 0.7%.

On October 20, Ruth's Chris celebrates 26 generations of best-in-class winemaking from Tuscany's Antinori family with a special Antinori wine dinner at 38 of its locations across the United States.

Food and beverage costs, as a percentage of restaurant sales, increased 120 basis points to 30.5%, primarily due to unfavorable beef costs. Restaurant operating expenses, as a percentage of restaurant sales, decreased 150 basis points to 51.7%, primarily due to sales leverage on fixed costs.

Ruth’s Hospitality Group, Inc. (Nasdaq: RUTH) announced today that Executive Vice President & Chief Financial Officer Bob Vincent will transition to a newly created position of Senior Vice President of Corporate Strategy.

The Company updated its earnings release dated April 29, 2011 to include a pre-tax $0.5 million restructuring benefit which increased net income available to preferred and common shareholders to $6.2 million for the period, resulting in no change to the previously reported earnings of $0.14 per diluted share.

Total revenues were $98.8 million compared to $94.7 million in the prior year.

Total revenues were $94.1 million compared to $87.4 million in the prior year.

Total revenues were $79.8 million compared to $76.1 million in the prior year.

Total revenues were flat compared to prior year at $94.7 million - Net income available to common shareholders of $6.0 million, or $0.19 per diluted share, compared to $3.7 million, or $0.16 per diluted share, in the first quarter of 2009.

Total revenue decreased 9.9% to $87.4 million compared to $96.9 million in the fourth quarter of 2008.