Shares of fine dining steakhouse firm Ruth's Hospitality Group (RUTH) closed 2.3% higher on Friday after the company reported strong financial results for the second quarter of 2021. Headquartered in Florida, Ruth's Hospitality runs more than 100 steakhouses across Canada, the U.S. and Mexico. The company reported adjusted earnings per share (EPS) of $0.36, beating the Street’s estimate of $0.23. It had reported a loss of $0.48 per share in the second quarter of 2020. Total revenue amounted to $110.9 million, higher than $28.4 million reported in the year-ago quarter and analysts’ expectations of $106.68 million. Restaurant sales increased to $104.
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Ruths Hospitality (NASDAQ:RUTH)
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