Winter Park's Ruth's Chris turns in earnings Friday

Winter Park-based Ruth’s Hospitality Group, parent of upscale steakhouse chain Ruth’s Chris, hopes to turn around sluggish sales growth when it reports its fourth quarter and 2016 annual earnings Friday morning.The steakhouse chain disappointed in the...

Winter Park's Ruth's Chris turns in earnings Friday

Winter Park-based Ruth’s Hospitality Group, parent of upscale steakhouse chain Ruth’s Chris, hopes to turn around sluggish sales growth when it reports its fourth quarter and 2016 annual earnings Friday morning.

The steakhouse chain disappointed in the third quarter when sales increased just 1.7 percent over the same period the year before and revenue slipped to $608,000 from $6.9 million.

The steakhouse chain has been on a slow growth plan in recent years since unloading seafood chain Mitchell’s Fish Market in 2014.

Analysts expect better growth from Ruth’s Chris Steakhouse restaurants in the fourth quarter. Analysts expect earnings per share of about 29 cents and sales to grow 3.6 percent to about $108.5, according to a survey of analyst from Yahoo! Finance.

For the year, analysts expect sales growth of 7.7 percent and revenues of $416.78 million, Yahoo reported.

Ruth's Chris has 145 restaurants worldwide. Ruth's Chris has 67 company-owned restaurants.

Stock for Ruth's Hospitality (NASDAQ: RUTH) was settled up 5 cents, or about 0.28 percent, in trading Thursday. The stock is up 8.9 percent in the last year.

Got a news tip? karnold@orlandosentinel.com or 407-420-5664; Twitter, @kylelarnold or facebook.com/bykylearnold

A group affiliated with California-based Ilbak Investments purchased the Oviedo Mall, anchored by Regal Cinemas and Sears at State Road 417 and Red Bug Lake Park in Oviedo.

A group affiliated with California-based Ilbak Investments purchased the Oviedo Mall, anchored by Regal Cinemas and Sears at State Road 417 and Red Bug Lake Park in Oviedo.

A group affiliated with California-based Ilbak Investments purchased the Oviedo Mall, anchored by Regal Cinemas and Sears at State Road 417 and Red Bug Lake Park in Oviedo.

A group affiliated with California-based Ilbak Investments purchased the Oviedo Mall, anchored by Regal Cinemas and Sears at State Road 417 and Red Bug Lake Park in Oviedo.

Judges have rejected attempted deals to turn four health insurance companies into two.

Judges have rejected attempted deals to turn four health insurance companies into two.

This is the sixth consecutive record-year for Florida, breaking last year’s record of 106.6 million.

This is the sixth consecutive record-year for Florida, breaking last year’s record of 106.6 million.

Yahoo declined to say how many people may have been affected. (Feb. 15, 2017)

Yahoo declined to say how many people may have been affected. (Feb. 15, 2017)

Our editors found this article on this site using Google and regenerated it for our readers.

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS