Ruth's Chris

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

Ruths Chris have the charge depth and running(a) expertise to execute this plan, and its goal is to do so without sacrificing the extravagantly standards of guest satisfaction that Ruths Chris patrons have hang to expect. Despite the setbacks, Ruths Chris faced from Hurricane Katrina in 2005, the company and its team of liege employees and f ranchise partners achieved great success. Sy! stem-wide 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% add in comparable sales in company-operated restaurants, and better its shekels 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 wishing to get a full essay, fix up it on our website: OrderCustomPaper.com

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