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Ruths Chris Steak House

All articles tagged with #ruths chris steak house

business-finance1 year ago

"Darden Restaurants Faces Stock Dive and Sales Decline Despite Ruth's Chris Acquisition"

Darden Restaurants reported a decline in same-store sales for the first time since the pandemic, despite an increase in net sales fueled by the acquisition of Ruth's Chris Steak House and other new restaurant locations. The company's overall same-store sales fell 1% in the quarter, with Olive Garden and other segments reporting declines, while LongHorn Steakhouse saw growth. Darden also updated its fiscal 2024 outlook, narrowing its earnings forecast and lowering its revenue and same-store sales projections.

via CNBC|
#business-finance#darden-restaurants#earnings-report
crime1 year ago

Shooter Escapes After Woman Shot Outside Popular Troy Restaurant

A woman was shot multiple times in the valet area of Ruth’s Chris Steak House in Troy, Michigan, and the shooter escaped. The woman was struck in the leg and hip areas and is listed as stable with non-life-threatening injuries. Officials believe the women were specifically targeted, and a white Dodge Durango is believed to be involved. The suspected shooter escaped, and anyone with information is asked to contact the Troy Police Department. Diners inside the restaurant at the time of the shooting were given the option to leave or finish their meals.

via WDIV ClickOnDetroit|
#crime#dodge-durango#oakland-county
crime1 year ago

Shooting Outside Troy Steakhouse Leaves One Injured

A shooting outside Ruth’s Chris Steak House in Troy, Oakland County, left one person injured and hospitalized, with police marking several shell casings as evidence in the parking lot and investigating an SUV. Diners inside the restaurant were given the option to leave or finish their meals after the glass door shattered from the gunfire, and Troy police do not believe it was a random shooting. The incident has raised concerns about safety in the area, and it's unclear if the shooter has been arrested.

via WDIV ClickOnDetroit|
#crime#oakland-county#police-investigation
food-and-dining2 years ago

Restaurant Closures Sweep Across Major US Cities in 2023

At least 4,500 food businesses have permanently closed in New York City since March 2020 due to the pandemic's lasting financial impacts. Eater is documenting the city's weekly permanent restaurant and bar closures, including Ruth's Chris Steak House's only Manhattan location, Starlite Deli, and Ñaño Ecuadorian Kitchen. Blank Street Coffee's Park Slope location has also closed due to foreclosure proceedings, while Warkop, one of the city's top Indonesian restaurants, has moved on from Hell's Kitchen ahead of relocating.

via Eater NY|
#food-and-dining#new-york-city#pandemic-impact
business2 years ago

Darden Restaurants Acquires Ruth's Chris Steak House for $715M

Darden Restaurants, the parent company of Olive Garden, has acquired Ruth's Chris Steak House for $715 million, surprising some analysts who expected the company to target another casual-dining chain. Darden executives made it clear that the deal is because of their conviction in the high-end segment, as fine-dining restaurants' sales growth is expected to outpace that of casual-dining eateries through 2026. The decision wasn't made based on the current economic cycle, and Darden said high-income diners aren't pulling back on spending at its existing fine-dining chains.

via CNBC|
#acquisition#business#casual-dining
business2 years ago

Darden Restaurants acquires Ruth's Chris Steak House for $715M.

Darden Restaurants, the owner of Olive Garden, has acquired Ruth’s Hospitality Group Inc., the parent company of Ruth’s Chris Steak House, for $715 million. The acquisition will add to Darden's portfolio of higher-end restaurants such as Eddie V’s and Capital Grille. Ruth’s Chris Steak House has 154 locations worldwide, including 80 company-owned or -operated restaurants and 74 franchised restaurants.

via MLive.com|
#acquisition#business#darden-restaurants
business2 years ago

Darden acquires Ruth's Chris Steak House for $715 million

Darden Restaurants is acquiring Ruth's Chris Steak House for $715 million. The chain has 154 locations worldwide, including 80 company-owned or -operated restaurants and 74 franchised restaurants. Ruth's Chris suffered during the pandemic, closing 23 restaurants in early 2020, but bounced back within a year. The deal is expected to close next month.

via WJW FOX 8 News Cleveland|
#acquisition#business#darden-restaurants
business2 years ago

Darden Restaurants Acquires Ruth's Chris Steak House for $715M

Darden Restaurants is acquiring Ruth's Chris Steak House for $715 million, including all outstanding shares at a 34% premium. Ruth's Chris has 154 locations worldwide, including 80 company-owned or -operated restaurants and 74 franchised restaurants. The pandemic hit the company hard, causing it to close 23 restaurants and furlough workers. Darden CEO Rick Cardenas said Ruth's Chris is a strong and distinctive brand in the fine dining segment.

via CBS News|
#acquisition#business#darden-restaurants
business2 years ago

Darden Restaurants Acquires Ruth's Chris Steak House for $715M

Darden Restaurants is acquiring Ruth's Hospitality Group, the parent company of Ruth's Chris Steak House, for $715 million in an all-cash transaction. The deal values Ruth's at $21.50 per share. Ruth's will join Darden's fine-dining portfolio, which already includes The Capital Grille and Eddie V's. The acquisition is Darden's first in six years and is expected to close in June. Ruth's CEO Cheryl Henry will stay on as president of Ruth's Chris and report to Darden CEO Rick Cardenas.

via CNBC|
#acquisition#business#darden-restaurants