Increased Sales Offset Traffic Decrease at Ruth’s Hospitality Group

October 31, 2016

Ruth’s Hospitality Group, Inc. reported unaudited financial results for its third quarter ended September 25.

Highlights for the third quarter of 2016 compared to the third quarter of 2015 were as follows:

The company reported net income of $3.6 million in the third quarter of 2016 compared to net income of $2.6 million in the third quarter of 2015.

Income from continuing operations was $3.5 million compared to income from continuing operations of $2.6 million in the third quarter of 2015.

Net income in the third quarter of 2016 included a non-recurring $335 thousand benefit related to the settlement of