Ruth's Hospitality Group Inc. (NASDAQ:RUTH) Q1 2018 Earnings Conference Call - Final Transcript
May 04, 2018 • 08:30 am ET
Thank you, sir. (Operator Instructions) We will now take our first question from Brett Levy of Deutsche Bank. Please go ahead. Your lines is open.
Good morning. Thank you for taking my call. Would you be willing to share a little bit more granularity on what you're seeing across the competitive landscape? Obviously, you've seen an uptick in your results from the 4Q -- from the 1Q into 2Q? Is there anything you're see regionally or anything you're seeing on a competitive front? Thank you.
Yeah, Brett. Hi, it's Cheryl. I think what we've seen over the past year, so as far as and I noticed, you're speaking around how promotions are working. But, we really have stuck to our approach to allow for different opportunities via our menu on our menu from Sizzle, Sizzle, Swirl through classics, as well as the wine dinner. So I don't know that anything has changed in the competitive landscape around other promotions that are in the marketplace and whether that's seasonal or through discounting or gift cards. But I think we've kind of stuck to the approach of offering the opportunities every day on our menu, and haven't really seen the promotional landscape change as far as the competitive set. But, it certainly -- we're still seeing that approach throughout the year.
Are you seeing anything different by the category cohorts in terms of health of maybe the upper echelon or any pullback in business? And then I'll turn it over to (inaudible). Thank you.
Sure. I think what you're asking is segment wise, are we seeing, given the different areas of our business, whether it's private dining, a la carte or bar, we have seen moving significant that would make us think there is changes in the marketplace. And I can't say that we have from last quarter, this quarter I think we're pleased as Mike said with how our special occasions are performing, our wine dinners are performing, our private dining is performing. And I haven't seen any -- anything really specific or significant to call out there.
I'm sorry, I meant by your three baskets, you're just because, your business...
Okay. I (multiple speakers)
Yeah, and again, so I think the bar remains strong. We've seen growth, I think we've talked about it before Brett over the last year or so Sizzle, Swizzle & Swirl and really the la carte dining in our bar and that remains the same. And that private dining has been strong in the quarter, and it remains strong, similar to what we saw on Q4 as well.
Thank you. We will now take our next question from Andy Barish of Jefferies. Please go ahead.
Yeah, on the bar business, maybe just following up on that, I mean, is that in the primary mix issue with average check not seeing that full 2% price kind of flowing through?
Arne G. Haak
Hey, Andy, this is Arne, you're absolutely right. We've changed some of the menu items.