Ruth's Hospitality Group Inc. said its normalized net income for the fiscal first quarter ended March 27 was 31 cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.
EPS climbed 5.9% year over year from 29 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.1 million, a gain from $10.0 million in the prior-year period.
The normalized profit margin fell to 10.0% from 10.3% in the year-earlier period.
Total revenue grew year over year to $101.9 million from $97.3 million, and total operating expenses rose 5.3% from the prior-year period to $85.5 million from $81.1 million.
Reported net income grew from the prior-year period to $10.9 million, or 33 cents per share, from $10.7 million, or 31 cents per share.