Total revenue grew 4.8% to $92.6 million, but the line item also missed expectations, which had been for net sales of $93.3 million. Ruth's said comparable same-store sales -- or sales at stores open at least one year, a closely watched metric in the restaurant industry -- increased 5.8% at its namesake Ruth's Chris Steak House, while they decreased by 1.4% at Mitchell's Fish Market restaurants. Ruth's said food and beverage costs, as a percentage of sales, increased 120 basis points to 30.5%, primarily due to unfavorable beef costs.
Shares of Ruth's were unchanged in premarket trading Friday after closing 4.1% lower at $5.90 in Thursday's session. -- Written by Miriam Marcus Reimer in New York. >To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: email@example.com.
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