It's no secret that . And, while unhappy customers have driven many chains to offer discounts, dining out is still costlier than it once was. Iconic steakhouse Texas Roadhouse is no exception.
(via ). This is the fourth time Texas Roadhouse has raised its prices in the past two years. However, compared to previous price hikes — 2.
2% last spring, 2.7% in October 2023, and 2.2% in April of the same year — this one is minimal.
Customers can expect to see menu items go up by just .9%. It seems that the .
9% number is an average: some prices went up by a lot more. Per , one New Jersey Location is now serving a 12-ounce New York strip for $23.99, up $2 since September.
The 6-ounce sirloin, , is now $14.49 — a 50-cent increase. However, compared to other chains' increases, like the infamous $19 Big Mac meal, the under-$15 steak is still a steal.
Texas Roadhouse's price hikes are lower than expected During a conference call in July, executives announced that the chain would raise prices by 2.7% in October. But since then, things have been looking up for the company.
For the past few years, the beef industry has been struggling: limited supply put executives on edge. We're obviously expecting to feel more pressure from [beef prices] in the back half of the year," Michael Bailen, Head of Investor Relations, explained in . However, the beef industry did better than expected in the third quarter of the year.
On Thursday, executives explained that the .9% increase was due to the lowe.