RUTH - Ruth's Hospitality GAAP EPS of $0.16 misses by $0.03 revenue of $112.74M beats by $1.71M
- Ruth's Hospitality press release ( NASDAQ: RUTH ): Q3 GAAP EPS of $0.16 misses by $0.03 .
- Revenue of $112.74M (+8.2% Y/Y) beats by $1.71M .
- Third quarter average weekly sales were $107.5 thousand in 2022 compared to $102.8 thousand in 2021 and $93.4 thousand in 2019.
- Franchise income in the third quarter of 2022 was $4.9 million compared to $4.7 million in the third quarter of 2021. Third quarter 2022 comparable restaurant sales at franchisee-owned restaurants increased 4.1% compared to 2021.
- Food and beverage costs, as a percentage of restaurant sales, decreased 257 basis points to 31.7% compared to the third quarter of 2021. Total beef costs decreased 14% compared to the third quarter of 2021.
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Ruth's Hospitality GAAP EPS of $0.16 misses by $0.03, revenue of $112.74M beats by $1.71M