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Ruth's Chris Returning Fed Loan After Backlash
4 Views • Apr 28, 2020
Description
This is only after facing backlash for its access to the money, reports Busines Insider.
The aid the major steakhouse chain received was meant to aid small businesses.
It's possible that Ruth's needed the funding, as restaurants face declining revenues.
But the company has also enjoyed several years of profits.
Last year, Ruth's earned a profit of $42 million on revenue of $468 million.
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