RISE - Menu Monitor

Franchise Activity |
Ruth’s Chris Steak House Inc. acquired three franchised outlets in Seattle and Bellevue, WA, and Portland, OR, for $13.25
million. The deal gives the company control of all the West Coast restaurants and restrains the former franchise operators
under non-compete agreements. According to the company, these outlets generated average annual sales of $5.3 million last
year. The company believes that this agreement will open these respective markets to additional corporate-unit development.
Ruth’s Chris operates and franchises 105 restaurants. (NRN Daily NewsFax 4/17/07)
Ruth’s Chris Steak House opened a new franchised location in Madison, WI, on October 15. The new unit marks the
company’s first in Wisconsin. (Company Release 10/15/07)
Ruth’s Chris Steak House Inc. opened its first unit in Arkansas November 12. The Rogers location was opened with new
franchisees David Cohn, Billy Orgel, Barry Pelts and Andy Woodman. The store marks the 115th Ruth’s Chris unit worldwide.
(Restaurantnewsresource.com 11/12/07)
Personnel |
Damon Liever, S.V.P. of Marketing
James Cannon, V.P. of Culinary Development
Craig Miller, CEO
Thomas J., Jr. Pennison, CFO
James Cannon, V.P. of Purchasing
Geoff Stiles, COO
Ruth’s Chris Steak House Inc. announced its senior vice president of marketing and business development, Anthony M.
Lavely, has resigned effective January 29. (Company Release 1/30/07)
Ruth’s Chris Steak House hired Damon Liever as Senior Vice President of Marketing. Previously, Liever served as President
of Retail Brand Group LLC, a subsidiary of Sodexho, Inc. (Publications.mediapost.com 7/18/07)
News & Other |
Ruth’s Chris Steak House Inc. has completed the acquisition of a three-story office building in Heathrow, FL, for $13.7 million.
The company currently occupies the first floor of the building for its executive offices and support center. (Company Release
12/19/06)
Ruth’s Chris Steak House Inc. reported for the fourth quarter ended December 31 net earnings increased 48.5% to $80.4
million. Revenues rose 44.8% to $84 million from $58 million for the same period last year. Same-store sales grew 6.2%.
(NRN Daily NewsFax 1/16/07)
Ruth’s Chris Steak House Inc. reported for the fourth quarter ended December 31 net earnings increased to $10.7 million from
$4.3 million for the same period last year. Revenues rose 51.4% to $88 million from $58.1 million. Same-store sales grew
7.4%. (Company Release 2/21/07)
Ruth’s Chris Steak House reported that for the first quarter ended April 1, preliminary sales from company-owned restaurants
increased 27% to $78.1 million from $61.5 million for the same period last year. Revenues rose to between $81.3 million and
81.5 million from $64.7 million. Same-store sales from company-owned restaurants grew 1.9%. (Company Release 4/9/07)
Ruth’s Chris Steak House Inc. reported for the first quarter ended April 1 net earnings increased 14.7% to $6.8 million from
$5.9 million for the same period last year. Revenues rose 26% to $81.5 million from $64.7 million. Same-store sales grew
1.9%. (Company Release 5/1/07)
Ruth’s Chris Steak House reported preliminary second-quarter net earnings increased 28.4% to $73.6 million from $57.4
million for the same period last year. Revenues are expected to be between $76.9 and $77.1 million, up from $60.5 million for
the same period last year. Same-store sales fell 0.4%. (Company Release 7/5/07)
Ruth’s Chris Steak House Inc. reported for the second quarter ended July 1 net earnings increased 11.8% to $5.4 million from
$4.9 million for the same period last year. Revenues rose 29.5% to $78.4 million from $60.5 million. Same-store sales declined
0.4%. (Company Release 7/31/07)
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