SEC Comment Letter 0000000000-22-012848 to Ruths Hospitality Group, Inc. (CIK 0001324272)
Ruths Hospitality Group, Inc. (CIK 0001324272)
Date: Nov. 29, 2022 · CIK: 0001324272 · Accession: 0000000000-22-012848
AI Filing Summary & Sentiment
File numbers found in text: 000-51485
Letter
United States securities and exchange commission logo November 29, 2022 Kristy Chipman Chief Financial Officer Ruths Hospitality Group, Inc. 1030 W. Canton Avenue, Suite 100, Winter Park , FL 32789 Re:Ruths Hospitality Group, Inc. Form 10-K for Fiscal Year Ended December 26, 2021 Filed February 24, 2022 Form 10-Q for Fiscal Quarter Ended September 25, 2022 Filed November 4, 2022 Form 8-K Filed on May 27, 2022 File No. 000-51485 Dear Kristy Chipman: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 8-K filed on May 27, 2022 Item 8.01. Other Events, page 2 1.We note on May 24, 2022, you and the class representatives agreed to a Memorandum of Understanding regarding settlement of the class action litigations. Please tell us more about the settlement discussions including when the settlement discussions began and when an offer to settle the class action litigations was made.
FirstName LastNameKristy Chipman Comapany NameRuths Hospitality Group, Inc. November 29, 2022 Page 2 FirstName LastName Kristy Chipman Ruths Hospitality Group, Inc. November 29, 2022 Page 2 Form 10-Q for Fiscal Quarter Ended September 25, 2022 Item 2. Management's Discussion and Analysis Results of Operations Thirty-Nine Weeks Ended September 25, 2022... Restaurant Sales, page 17 2.Please revise to supplement your disclosure with analysis of underlying reasons for period over period increases to your restaurant sales. To the extent that pricing, check size, or traffic volume impacted your period over period results, please consider including such disclosure. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Aamira Chaudhry at 202-551-3389 or Abe Friedman at 202-551- 8298 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
November 29, 2022
Kristy Chipman
Chief Financial Officer
Ruths Hospitality Group, Inc.
1030 W. Canton Avenue, Suite 100,
Winter Park , FL 32789
Re:Ruths Hospitality Group, Inc.
Form 10-K for Fiscal Year Ended December 26, 2021
Filed February 24, 2022
Form 10-Q for Fiscal Quarter Ended September 25, 2022
Filed November 4, 2022
Form 8-K
Filed on May 27, 2022
File No. 000-51485
Dear Kristy Chipman:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments. In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 8-K filed on May 27, 2022
Item 8.01. Other Events, page 2
1.We note on May 24, 2022, you and the class representatives agreed to a Memorandum of
Understanding regarding settlement of the class action litigations. Please tell us more
about the settlement discussions including when the settlement discussions began and
when an offer to settle the class action litigations was made.
FirstName LastNameKristy Chipman
Comapany NameRuths Hospitality Group, Inc.
November 29, 2022 Page 2
FirstName LastName
Kristy Chipman
Ruths Hospitality Group, Inc.
November 29, 2022
Page 2
Form 10-Q for Fiscal Quarter Ended September 25, 2022
Item 2. Management's Discussion and Analysis
Results of Operations
Thirty-Nine Weeks Ended September 25, 2022...
Restaurant Sales, page 17
2.Please revise to supplement your disclosure with analysis of underlying reasons for period
over period increases to your restaurant sales. To the extent that pricing, check size, or
traffic volume impacted your period over period results, please consider including such
disclosure.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
You may contact Aamira Chaudhry at 202-551-3389 or Abe Friedman at 202-551-
8298 with any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services