Ruth’s Hospitality: Q4 Earnings Snapshot
WINTER PARK, Fla. (AP) _ Ruth’s Hospitality Group Inc. (RUTH) on Thursday reported fourth-quarter earnings of $13.8 million.
On a per-share basis, the Winter Park, Florida-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring gains, were 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The restaurant chain posted revenue of $126.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $121.1 million.
For the year, the company reported profit of $42.3 million, or $1.23 per share. Revenue was reported as $429.1 million.