This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ruth’s Hospitality Group, Inc. Reports Third Quarter 2012 Financial Results

Ruth’s Hospitality Group, Inc. (NASDAQ: RUTH) today reported unaudited financial results for its third quarter ended September 23, 2012.

Highlights for the third quarter of 2012 compared to the third quarter of 2011 were as follows:

The Company reported net income of $802 thousand or $0.02 per diluted share in the third quarter of 2012, compared to net income available to preferred and common shareholders of $85 thousand or $0.00 per diluted share in the comparable period of 2011.

Total revenues in the third quarter rose 5.7% to $84.8 million compared to $80.2 million in the prior year.
  • Company-owned comparable restaurant sales for Ruth’s Chris Steak House increased 5.9%.
  • Company-owned comparable restaurant sales for Mitchell’s Fish Market increased 4.6%.

Total operating costs in the third quarter increased by 5.7% or $4.4 million, compared to the third quarter of 2011.
  • Food and beverage costs, as a percentage of restaurant sales, increased 70 basis points in the third quarter to 31.8% and continue to be driven by unfavorable beef costs.
  • Restaurant operating expenses, as a percentage of restaurant sales, decreased 80 basis points in the third quarter to 55.5% due to cost management and the effect of higher sales on fixed costs.
  • Marketing and advertising costs, as a percentage of total revenues, increased 60 basis points to 2.6% in the third quarter largely due to a timing shift in advertising from the second quarter to the third and fourth quarters of 2012.
  • General and administrative expenses increased $0.2 million to $6.0 million in the quarter.

At the end of the third quarter of 2012, the Company had $69.0 million in debt outstanding under its senior credit facility, a decrease of $2.0 million from $71.0 million at the end of the second quarter of 2012.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs