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October 29 , 2021 RUTH'S HOSPITALITY GROUP Ruth's Hospitality Group , Inc. Reports Third Quarter 2021 Financial Results - Reports Q3 Earnings Per Share of $ 0.20 WINTER PARK , Fla .-- ( BUSINESS WIRE ) -- Ruth's Hospitality Group , Inc. ( the “ Company " ) ( Nasdaq : RUTH ) today reported unaudited financial results for its third quarter ended September 26 , 2021 and provided a business update . CEO Comments Cheryl Henry , President , Chief Executive Officer and Chairperson of the Board of Ruth's Hospitality Group , Inc. , commented , " Our third quarter results demonstrated our team's operational excellence in a challenging and dynamic environment . Our performance this quarter also reminded us of how sought after and trusted the Ruth's Chris brand experience is . " Henry added , " Although elevated beef costs continue to be a headwind , we are encouraged by our continued sales momentum , profitability and our financial strength . We have confidence that we can continue to create value for shareholders as the virus abates and the economy recovers . " Third Quarter 2021 Financial Highlights ( 1 ) • Restaurant sales in the third quarter of 2021 were $ 97.5 million compared to $ 58.6 million in the third quarter of 2020. By period , third quarter comparable restaurant sales and average weekly sales for Company - owned restaurants were as follows : ( dollar amounts in thousands ) Comparable Restaurant Sales vs. 2020 Comparable Restaurant Sales vs. 2019 Average Weekly Sales ( all restaurants ) ( 2 ) July August September Q3 2021 102.4 % 62.2 % 39.2 % 66.8 % 16.3 % 1.9 % 3.3 % 7.6 % $ 104.5 $ 102.4 $ 101.0 $ 102.8 • Third quarter comparable restaurant sales compared to 2019 would have increased 14.6 % absent the impact of three markets ( Boston , Hawaii and Manhattan ) , which continued to be challenged by local restrictions and market conditions during the third quarter of 2021 . • Franchise income in the third quarter of 2021 was $ 4.7 million compared to $ 3.5 million in the third quarter of 2020. Third quarter 2021 comparable restaurant sales at franchisee - owned restaurants increased 35.6 % compared to 2020 and 19.5 % compared to the third quarter of 2019 . • Food and beverage costs , as a percentage of restaurant sales , increased 710 basis