If you're headed out for a steak dinner, here are five spots you will likely consider.
in NYC, remain open today. Combining high-quality cuts with a classy ambiance, visiting a steakhouse for a special occasion is a tradition shared by millions of Americans. While many wondered if the concept of the steakhouse had finally become
in recent years, a number of steakhouse chains appear primed for a strong 2023. Here are five of the fastest-growing steakhouse chains in America.If there's one steakhouse chain synonymous with success right now, it's undeniably Texas Roadhouse. Known for delicious honey cinnamon butter rolls, line-dancing servers, and affordable yet still high-quality steak, the chain averagedover the first two months or so of this year than in any other period of its 30-year history.
"It was only five years ago when we exceeded $2 billion in revenue. We see the potential to double our revenue again over the next decade," CEO Jerry Morgan commented in February."Despite inflationary pressures, our strong topline results helped us achieve significant growth.", Texas Roadhouse reported a 7.6% increase in traffic compared to last year. Total quarter revenue came in at $1.174 million, putting the chain on track to exceed its record 2022 revenues.
"We do have a restaurant in New York City and New Rochelle that we've looked at and … have had some success in lower-populated, smaller areas," interim CFO Keith Humpichrecently."So, we are expanding a little bit. For a company our size and what we want to accomplish, we have to try some new things. We have opened the scope of what we will try so we can expand and have success and that may look a little different than what we've done in the past.
of $500 million for the 12-month period ending Q3 2022. Fogo de Chao's average store sales were also an impressive $10.1 million last year, indicating each location is very profitable for the brand.. We don't have to be prototypical," Barry McGowan, CEO of Fogo de Chão, said "Our demographic is 87% Millennial and Gen Z. We are a whole different occasion than a fine-dining steakhouse. We're just unique in the space.
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