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Top related persons:
Chris - 1 Rick Cardenas - 1 Cardenas - 1 Raj Vennam - 1 Darden - 1 Chris Steak - 1
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Olive
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Darden - 1 Olive Garden - 1 LongHorn - 1 LSEG - 1 Ruth's Hospitality Group - 1 Chris Steak House - 1 CNBC PRO - 1

Search resuls for: "Ruth's Hospitality Group"


2 mentions found


☆ Olive Garden owner Darden beats earnings estimates, hikes guidance as sales climb
  + stars: | 2023-12-15 | by ( Drew Richardson | ) www.cnbc.com   time to read: +2 min
Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains such as Olive Garden and LongHorn Steakhouse. Darden completed its acquisition of Ruth's Hospitality Group, owner of chain restaurant Ruth's Chris Steak House, in June. The company will not include same-store sales from Ruth's Chris Steak House until Darden has owned and operated the restaurant for a 16-month period. "We continued to profitably grow market share again this quarter as we outperformed industry same-restaurant sales and traffic," said Cardenas in a statement. The LongHorn Steakhouse owner also projects $11.5 billion in sales for the fiscal year, as well as 50 to 55 new restaurant openings.
Persons: Chris, Rick Cardenas, Cardenas, Raj Vennam, Darden, Chris Steak Organizations: Darden, Olive Garden, LongHorn, LSEG, Ruth's Hospitality Group, Chris Steak House, CNBC PRO Locations: Olive
☆ Olive Garden owner Darden Restaurants buys Ruth's Chris Steak House for $715 million
  + stars: | 2023-05-03 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
Darden Restaurants said Wednesday it is buying Ruth's Hospitality Group , the parent company of Ruth's Chris Steak House, for $715 million. Ruth's CEO Cheryl Henry will stay on as president of Ruth's Chris and report to Cardenas. Ruth's Chris was founded in 1965 after Ruth Fertel bought Chris Steak House in New Orleans. The terms of the sale kept her from reusing the name at other locations, so she chose to name new locations Ruth's Chris Steak House. As of Tuesday's close, Darden's stock had risen nearly 10% this year, giving it a market value of $18.4 billion.
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