Ruth’s Hospitality Group Plans to Open Four New Restaurants in 2016

April 28, 2016

Ruth’s Hospitality Group, Inc. reported unaudited financial results for its first quarter ended March 27 and announced a new $60 million share repurchase program and a quarterly cash dividend of $0.07 per share to be paid in the second quarter. 

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

The company reported net income of $10.8 million, or $0.33 per diluted share, in the first quarter of 2016 compared to net income of $10.4 million, or $0.30 per diluted share, in the first quarter of 2015.

Income from continuing operations was $10.9…