Ruth's Hospitality Group, Inc. Reports First Quarter 2009 Financial Results

HEATHROW, Fla., May 05, 2009 (BUSINESS WIRE) -- Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) today reported unaudited results for its first quarter ended March 29, 2009. Highlights for the first quarter 2009 compared to the first quarter 2008 were as follows:
Total revenue decreased 1.1% to $97.5 million from $98.6 million, including $19.9 million from the Mitchell's acquisition completed on February 19, 2008. The Mitchell's acquisition generated $9.9 million in restaurant sales for the Company in the prior year first quarter.
Net income of $3.7 million, or $0.16 per diluted share, compared to net income of $4.5 million, or $0.19 per diluted share in the prior year first quarter.