ECBU 695
INSTRUCTOR: Don Jacobs
June 8, 2009
Juan Arango
Table of Contents
1.0 Exe apologizeive Summary
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 experiential rank proposition, and an unwavering commitment to guest satisfaction. Ruths Chris is proud of its New siege of Orleans heritage and great tradition of Southern hospitality. Ruths Chris remains commit to the core values of its founder, Ruth Fertel, who offered each guest aid food served in a warm and inviting atmosphere.
In the ult year, the Company enjoyed a significant milestone, completing a favored initial public offering and raising 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 embark on an accelerated development envision and expand its footprint through both phoner-owned and franchised locations.
Ruths Chris have the charge depth and operational expertise to execute this plan, and its goal is to do so without sacrificing the high standards of guest satisfaction that Ruths Chris patrons have come to expect.
Despite the setbacks, Ruths Chris faced from Hurricane Katrina in 2005, the company and its team of loyal 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% increase in comparable sales in company-operated restaurants, and better its profits 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 want to get a full essay, fix up it on our website: Orderessay
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