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Ruths Hospitality Group, Inc.

rhgi.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2022 10-Q, filed May 5, 2023. Its latest SEC filing is a 15-12G from Jun 26, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Operates fine-dining steakhouses serving steaks, seafood and other food and beverages to restaurant guests.

Who Were Their Customers?

Restaurant guests dine at company-owned restaurants; franchisees operate their own restaurants and pay royalties and fees to the company.

Did Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2022 and turned 4 cents into free cash flow.

Operating income, FY2022
9% of revenue
▼ −6% vs FY2021 ($49.7M, 12%)
Net income, FY2022
8% of revenue
▼ −9% vs FY2021 ($42.3M, 10%)
Free cash flow, FY2022
4% of revenue
▼ −67% vs FY2021 ($61.7M, 14%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2022, the three months to Mar 26, 2023
Revenue
▲ +9%
vs $126.1M in Q1 FY2021
Net income
▲ +9%
vs $10.4M in Q1 FY2021
Restaurant Sales share of revenue vs 94.1% in Q1 FY2021
  • Jun 14, 2023 Darden completed its acquisition of Ruth’s Hospitality Group Ruth’s became an indirect, wholly owned subsidiary of Darden after the merger closed.
Revenue over time
Restaurant Sales Franchise Service, Other
$1B$500M$0

Who Did They Compete With?

Competes with Fleming’s, The Capital Grille, Smith & Wollensky, The Palm, Del Frisco’s Double Eagle Steakhouse, Fogo de Chão, Morton’s The Steakhouse, and Eddie V’s

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