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steak

Financing

Record traffic lifts Texas Roadhouse sales, but not profits

 By Joe Guszkowski on May 04, 2023

Traffic rose 7.6% at the chain in the first quarter. But more guests spelled higher labor costs, which ate into margins.

Operations

Fogo de Chao is not your average steakhouse

 By Joe Guszkowski on Mar. 28, 2023

The Brazilian churrasco concept, in fact, is dropping “steakhouse” from its name as it looks to highlight its unique service style and varied menu.

Financing

Ruth’s Chris to close its Times Square location

By Joe Guszkowski on Jan. 31, 2023

The steak chain's longtime Manhattan outpost has been hurt by the slow return of office workers.

Financing

The biggest steak restaurant chains in the U.S.

Jun. 01, 2022

These steak concepts generated the most domestic sales in 2021, according to the Technomic Top 500 Chain Restaurant Report.

Financing

Texas Roadhouse sales rise thanks to dine-in resurgence

By Joe Guszkowski on May 05, 2022

On-premise visits have returned to 2019 levels, and executives believe there’s room for more.

Financing

Burdened by PPP loans, BLT Steak owner files for bankruptcy

By Joe Guszkowski on Mar. 22, 2022

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.

Operations

Texas Roadhouse leads rebound in steakhouse visits

By Joe Guszkowski on Mar. 22, 2022

People have flocked back to steak chains over the past year, according to Placer.ai. And the category leader stands apart from the herd.

Financing

Ruth’s Chris could buy more restaurants as it gets back to growth

By Joe Guszkowski on Feb. 24, 2022

The steakhouse chain is ramping up development with plans to open five to seven new locations a year.

Marketing

How much would you pay to skip the waitlist? One chain bet $600

By Joe Guszkowski on Jan. 27, 2022

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.

Leadership

Ruth's Chris CFO Kristy Chipman adds COO to title

By Joe Guszkowski on Jan. 10, 2022

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.

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