As Americans trim spending, these cheap steakhouses are booming

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American Restaurants News

American Steakhouse,Longhorn,Restaurant Prices

If there’s anything Americans love, it’s cheap meat. So business is booming at Texas Roadhouse and LongHorn Steakhouse, even as Americans pull back elsewhere.

New York — “God I love Texas Roadhouse,” began one thread on Reddit, with over 1,000 upvotes. “Texas Roadhouse never disappoints,” began another, with over 5,000 votes. A third touted the “incredible value.”

The two eateries have a history of performing well during periods of economic uncertainty — a few years ago, the pair were standouts as inflation-weary Americans began to pull back on spending. “That average meal at Longhorn or Texas Roadhouse is actually very affordable,” when compared to local establishments or higher-end chains like STK Steakhouse. The average check per person at Longhorn Steakhouse was $26, Salera said, according to a recent presentation from the Cheesecake Factory, which outlined its competitors’ pricing. At Texas Roadhouse, the average check was $22.

Plus, those checks may appear especially reasonable when fast food and other restaurants’ prices are way up. That approach could be why Texas Roadhouse and Longhorn Steakhouse consistently earn top marks on the American Customer Satisfaction Index, Saleh noted. While grocery prices overall have been moderating, beef has stayed expensive. In the 12 months through May, uncooked beef steaks’ prices went up 5.7%, according to inflation data from the Bureau of Labor Statistics.

 

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