GO
Loading...

Ruth's Chris CEO: High End Consumers Sizzling

Sunday, 3 Dec 2006 | 8:51 PM ET

Ruth's Chris Steak House became Ruth's Chris Steak House--after Ruth Fertal bought Chris Steak House in New Orleans, Louisiana. That was in 1965 and she paid $22,000 for it (she combined the names). Now--the high end eatery has 100 locations around the world. And it seems the steak business is sizzling. The stock was up about 2 percent today.

The company CEO is Craig Miller. Miller told CNBC's Erin Burnett that companies like his that serve high end consumers--aren't effected as much by higher gas prices or a slower economy--at least not yet.

Miller cited a 10 percent growth for Ruth's Chris for the past 2-3 years. Miller says that he expects that to continue in 2007 as well.

Restaurant Industry Overview
A discussion about the health of the restaurant industry, with Craig Miller, Ruth's Chris Steak House CEO, and CNBC's Erin Burnett.
  Price   Change %Change
RUTH
---

Contact

  • Showtimes

    United States
    Monday - Friday 2:00P ET
    Europe
    Monday - Friday 20:00 CET
    Asia
    Tuesday - Saturday 02:00 SIN/HK
    Australia
    Tuesday - Saturday 04:00 SYD
    New Zealand
    Tuesday - Saturday 06:00 NZ
  • Brian Sullivan is co-anchor of CNBC's "Street Signs."

  • Co-anchor of CNBC's "Street Signs," Amanda Drury is based at the network's global headquarters in Englewood Cliffs, N.J.