Ruth's Chris

pitys Chris Steak House ECBU 695 INSTRUCTOR: Don Jacobs June 8, 2009 Juan Arango Table of Contents 1.0 Exe apologizeive sum-up For much than four decades, Ruths Chris Steak House has stood a cut above other fine dining establishments with juicy husbandry Prime grade steaks, a terrific existential rank proposition, and an unwavering commitment to guest satisfaction. Ruths Chris is proud of its rude(a) siege of Orleans heritage and great tradition of southerly hospitality. Ruths Chris remains commit to the core values of its founder, Ruth Fertel, who offered all(prenominal) guest aid food served in a doting and inviting atmosphere. In the ult year, the Company enjoyed a significant milestone, terminate a favored initial public offering and procreation more than $154 one thousand thousand in impudently equity capital. This infusion of capital and a new $55 million credit facility endure Ruths Chris the financial resources to go in on an accelerated development envision and expand its vestige through both phoner-owned and franchised locations.

Ruths Chris have the charge depth and working(a) expertise to execute this plan, and its goal is to do so without sacrificing the richly standards of guest satisfaction that Ruths Chris patrons have sleep with to expect. Despite the setbacks, Ruths Chris faced from Hurricane Katrina in 2005, the company and its team of hardcore employees and franchise partners achieved great success. System-wid! e restaurant gross sales grew to a record $415.8 million, up 11.7% from 2004. Ruths Chris generated record revenue of $214.5 million, including a 10.4% addition in comparable sales in company-operated restaurants, and better its kale materially with pro-forma net income of $17.7 million, or $0.75 per share. System-wide, Ruths Chris added seven new Ruths Chris locations, the most restaurants added in any single(a) year since...If you involve to get a full essay, fix up it on our website: OrderCustomPaper.com

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