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The steak chain's longtime Manhattan outpost has been hurt by the slow return of office workers.
These steak concepts generated the most domestic sales in 2021, according to the Technomic Top 500 Chain Restaurant Report.
On-premise visits have returned to 2019 levels, and executives believe there’s room for more.
People have flocked back to steak chains over the past year, according to Placer.ai. And the category leader stands apart from the herd.
BLT Restaurant Group said it was unable to meet the requirements for PPP forgiveness due to the closure of indoor dining in New York City.
The steakhouse chain is ramping up development with plans to open five to seven new locations a year.
The annual membership at Rib & Chop House offers priority seating as well as discounts and other perks. It’s been a success so far, said CEO Yaron Goldman.
Chipman, who joined the steakhouse chain in 2020, is also executive vice president and chief accounting officer. Ruth's also hired Robert Miles as VP of development.
RB’s The Bottom Line looks at the winners and losers from the past quarter and finds some impressive results, but many chains are still a long way from recovery.
Not even Jeopardy’s best might have nailed the surprising answer.