Ruth’s Hospitality Group, Inc., (Nasdaq: RUTH) today reported preliminary unaudited sales results for its fourth quarter ended December 26, 2010.
Company-owned restaurant sales, excluding franchise and other income, increased 8.0% to $90.4 million for the fourth quarter of 2010 versus $83.8 million for the fourth quarter of 2009. Company-owned comparable restaurant sales for Ruth’s Chris Steak House increased 9.2%. Approximately 1.6% of the comparable result is attributable to additional restaurants being open on Thanksgiving Day this year. The Company also noted that private dining sales grew approximately 16% in the fourth quarter compared to last year. Company-owned comparable restaurant sales for Mitchell’s Fish Market decreased 2.2%. The Company expects to release unaudited financial results for its fourth quarter ended December 26, 2010 on February 18, 2011.
The Company also announced that it will present at the 13th Annual ICR XChange Investor Conference at The St. Regis Monarch Beach Resort & Spa in Dana Point, Calif. The presentation is scheduled for January 13, 2011 and will begin at 11:35 am Pacific Time. Investors and interested parties may listen to a live webcast of this presentation and view the accompanying slides by visiting the Company’s website at www.rhgi.com under the investor relations section.
