Saturday, August 1, 2009

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

HEATHROW, Fla., Jul 31, 2009 (BUSINESS WIRE) -- Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) today reported unaudited results for its second quarter ended June 28, 2009.
Highlights for the second quarter 2009 compared to the second quarter 2008 were as follows:
Total revenue decreased 17.9% to $88.4 million compared to $107.6 million in the second quarter of 2008.
Net income decreased 15.6% to $2.3 million, or $0.10 per diluted share compared to $2.8 million or $0.12 per diluted share in the second quarter of 2008. There were charges of $0.7 million in the second quarter of 2009 and $0.2 million in the second quarter of 2008, respectively, which resulted in adjusted earnings of $0.13 per diluted share in both periods.

Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=190038&p=irol-newsArticle&ID=1314885&highlight=

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