The budget-friendly American steakhouse that is booming despite industry-wide restaurant closures By Daniel Jones, Consumer Editor For Dailymail.Com Published: 03:44, 31 October 2024 | Updated: 03:44, 31 October 2024 e-mail 2 View comments Americans have been hit hard by soaring menu prices in recent years as restaurants pass on rising food and labor costs . But Texas Roadhouse has fought to keep prices low, offering steak, potatoes, and vegetables for around $20 to $25 - and it’s paying off as families flock to the chain.
The 31-year-old company, founded in Indiana rather than Texas, reported an 8.5 percent sales increase from July to September compared to the same period in 2023, continuing the momentum from earlier in the year. Such a jump means millions more steaks sold over the last year at the 655 restaurants spread out across the US.
This success stands in stark contrast to many of its competitors. Sales have fallen at Olive Garden , Starbucks, and TGI Friday's. Texas Roadhouse, founded in Indiana rather than Texas, has seen sales jump 8.
5 percent as Americans flock there for good value steaks Fans of Texas Roadhouse have taken to Reddit to sing the praises of the chain Read More EXCLUSIVE Shark Tank's KEVIN O'LEARY reveals why restaurants are closing down across America Meanwhile McDonald’s eked out just a 0.1 percent sales increase, and that was only with the help of the wildly popular $5 meal dea l. Unlike most chains that face backlash over rising prices, Texas.