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The COVID-19 pandemic affected companies in the food industry in unique ways, particularly during 2020. Ruth's Hospitality Group (Ticker: RUTH) develops and operates fine
The COVID-19 pandemic affected companies in the food industry in unique ways, particularly during 2020. Ruth's Hospitality Group (Ticker: RUTH) develops and operates fine dining restaurants under the trade name Ruth's Chris Steak. Sprouts Farmers Market (Ticker: SFM) offers a healthy grocery store experience. Wendy's Company (Ticker: WEN) is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants. In answering the following questions, consider the impact that the COVID-19 pandemic would have on each company's business model. Company Ruth's Hospitality Group (RUTH) Sprouts Farmers Market (SFM) Wendy's Company (WEN) Income Statement For the year ended: 40 Market Value to Net Income (also known as Price to Earnings ratio) ($ in thousands) Costs and expenses: Food and beverage costs 127,597 Restaurant operating expenses 214,715 75,831 150,420 128,450 20 179,671 Marketing and advertising 15,432 6,859 13,464 General and administrative costs 34,643 33,248 32,531 Depreciation and amortization expenses 21,354 21,964 20,487 Pre-opening costs Dec. 2019 Dec. 2020 1,824 Dec. 2021 1,633 1,8941 < Prev 9.10 Retur
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