commiserations Chris Steak House ECBU 695 INSTRUCTOR: Don Jacobs June 8, 2009 Juan Arango Table of Contents 1.0 Exe apologizeive compend For much than four decades, Ruths Chris Steak House has stood a cut above other fine dining establishments with luscious husbandry Prime grade steaks, a terrific experiential rank proposition, and an unwavering commitment to guest satisfaction. Ruths Chris is proud of its virgin 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 from each one guest aid food served in a unattackable and inviting atmosphere. In the ult year, the Company enjoyed a significant milestone, complete a favored initial public offering and raising more than $154 one thousand thousand in freshly equity capital. This infusion of capital and a new $55 million credit facility endure Ruths Chris the financial resources to get on on an accelerated development envision and expand its stones throw 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 amply standards of guest satisfaction that Ruths Chris patrons have total to expect. Despite the setbacks, Ruths Chris faced from Hurricane Katrina in 2005, the company and its team of patriotic employees and franchise partners achieved great success. ! System-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% summation in comparable sales in company-operated restaurants, and better its gain 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 deficiency to get a full essay, fix up it on our website: OrderCustomPaper.com
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