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Ruth's Hospitality fiscal Q4 profit climbs 12.6% YOY

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Ruth's Hospitality fiscal Q4 profit climbs 12.6% YOY

Ruth's Hospitality Group Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 27, 2015, amounted to 24 cents per share, compared with the S&P Capital IQ consensus estimate of 25 cents per share.

EPS climbed 16.2% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.2 million, an increase of 12.6% from $7.3 million in the prior-year period.

The normalized profit margin climbed to 7.8% from 7.4% in the year-earlier period.

Total revenue climbed 5.9% year over year to $104.7 million from $98.9 million, and total operating expenses increased 5.4% from the prior-year period to $91.8 million from $87.0 million.

Reported net income increased 5.6% on an annual basis to $8.9 million, or 26 cents per share, from $8.4 million, or 24 cents per share.

For the year, the company's normalized net income totaled 80 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 86 cents.

EPS rose 18.3% from 68 cents in the prior year.

Normalized net income was $27.7 million, a rise of 15.0% from $24.1 million in the prior year.

Full-year total revenue rose 7.9% on an annual basis to $373.4 million from $346.1 million, and total operating expenses increased 7.3% on an annual basis to $328.7 million from $306.4 million.

The company said reported net income grew 12.8% on an annual basis to $30.0 million, or 87 cents per share, in the full year, from $26.6 million, or 75 cents per share.