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Ruth’s Hospitality Group Announces CFO Transition
Ruth's Hospitality Group, Inc. announced that Kristy Chipman has been appointed Chief Financial Officer, effective November 30, 2020. Ms. Chipman will succeed Arne Haak, who will be stepping down from the role. Mr. Haak will remain with Ruth’s Hospitality Group as a strategic advisor through early 2021 to facilitate a seamless transition.
Cheryl Henry, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc., stated, “Throughout her extensive career, Kristy has demonstrated strong financial leadership through a combination of strategic finance, development, and...
Ruth's Hospitality Provides Business Update and Reports Third Quarter 2020 Financial Results
Ruth’s Hospitality Group, Inc. provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its third quarter ended September 27, 2020.
Business and Liquidity Update
Ruth's Hospitality Group Provides Business Update and Financial Results for Q2 2020
Ruth’s Hospitality Group, Inc. provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its second quarter ended June 28, 2020.
COVID-19 Business Update:
During the second quarter of 2020, the COVID-19 pandemic continued to impact overall sales and traffic. As previously reported, Company-operated Ruth’s Chris dining rooms were closed in all domestic U.S. locations during April, and the Company transitioned its services to take-out and delivery operations in...
Ruth's Hospitality Group Reports First Quarter 2020 Financial Results
Ruth’s Hospitality Group, Inc., provided a business update on the impact of the COVID-19 pandemic, and reported unaudited financial results for its first quarter ended March 29, 2020.
During the first quarter of 2020, the Company began to experience the impact of the COVID-19 pandemic on its business. While first limited to franchise locations in Asia, by the middle of March, the effect of the pandemic was felt throughout the Company’s entire operations. These effects have continued in the second quarter, resulting in...
Technomic: Foodservice Spending Continues a Slow Rebound
Consumer spending estimates bottomed out at a decrease of 35% of expected sales the week of April 12 and has grown to a level that may be pulling us off the bottom of the market. The cumulative loss in spending has declined for the first week since the start of the pandemic. However, it is important to note that previous weeks showed fluctuations that could foretell more up and down movement in the trends in coming weeks.
Off-premise ordering at FSRs sees high growth this week
Ordering by nondelivery, off-premise methods has increased across all segments this week. For fast-food restaurants, this was driven by drive-thru orders (59%). Growth at FSRs was driven by a mix of drive-thru and takeout orders. Overall, casual-dining and fine-dining restaurants saw the largest jump...
Ruth's Hospitality Group Provides Update on COVID-19 Response
Ruth’s Hospitality Group, Inc. announced steps that the Company has taken to implement conservative cash management strategies designed to increase available liquidity and maximize financial flexibility until the COVID-19 pandemic abates and market conditions stabilize.
“The safety and well-being of our team members and guests is our priority in these challenging times. Our brand has a rich history of rising to the occasion and I am proud of our team’s response to this unprecedented situation,” said Cheryl Henry, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc. “Our management team and Board of Directors have...
Ruth’s Hospitality Group Reports Fourth Quarter and Fiscal Year 2019 Financial Results
Ruth’s Hospitality Group, Inc. reported unaudited financial results for its fourth quarter and fiscal year ended December 29, 2019.
Highlights for the fourth quarter of 2019 were as follows:
Top Meat, Poultry, Egg and Seafood Price Action Broken Down in the Latest Market Briefing
Current Restaurant Restrictions and Capacity By State
Billions in Consumer Spending Are Shifting as COVID-19 Forces Widespread Retail Disruption
The NPD Group Reveals Consumers' Top Plant-Based Product Choices
Americans Flock to Chicken, the Nation’s #1 Quarantine Protein
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