Ruth’s Hospitality Group, Inc. Provides Update on Actions Taken In Response to COVID-19
Ruth's Hospitality Group, Inc. (RUTH)
Last ruth's hospitality group, inc. earnings: 2/21 07:00 am
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Source: Business Wire
– Company Announces Short-term Measures to Enhance Financial Strength & Flexibility – WINTER PARK, Fla.--(BUSINESS WIRE)--Ruth’s Hospitality Group, Inc. (the “Company”) (NASDAQ: RUTH) today announced steps that the Company has taken to implement conservative cash management strategies designed to increase available liquidity and maximize financial flexibility until the COVID-19 pandemic abates and market conditions stabilize.“The safety and well-being of our team members and guests is our priority in these challenging times. Our brand has a rich history of rising to the occasion and I am proud of our team’s response to this unprecedented situation,” said Cheryl Henry, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc. “Our management team and Board of Directors have taken significant measures to enhance our financial flexibility during this time which includes drawing down and expanding our credit facility, suspending our dividend, and materially reducing capit
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