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5 Steakhouse Chains Falling Out of Favor With Customers

21 MAY, 2022

21 MAY, 2022

Turns out that when people decide to go out to dinner for the first time in a while, they want to go somewhere fancy, like a steakhouse. And many steakhouse chains found themselves to be even more popular than they were back in 2019.

21 MAY, 2022

Sales at Texas Roadhouse and LongHorn Steakhouse were up 23% and 15% respectively on a two-year basis. And chains that were formerly downsizing, like Ruth's Chris and Outback, returned to growth in the last year.

21 MAY, 2022

BLT Steak

BLT Restaurants Group, the New York-based parent company of BLT Steak and BLT Prime steakhouses, applied for and received a $3.3 million Paycheck Protection Program

21 MAY, 2022

Sizzler

This California-based steakhouse chain was once known for a luxury dining experience at an affordable price. In the year it opened, you could snag a New York Strip with a potato side dish, plus a roll and butter for $1.39 

21 MAY, 2022

Logan's Roadhouse

This Texas-based chain is yet another steakhouse that filed for bankruptcy more than once. The restaurant filed for bankruptcy in 2016 and continued to see declining sales in the following years.

21 MAY, 2022

Maple & Ash

Maple & Ash, a small upscale steakhouse chain founded in Chicago, has been doing just fine financially. The company is projected to achieve a gross revenue of $200 million this year, up from $100 million last year.

21 MAY, 2022

Ponderosa and Bonanza

Ponderosa and Bonanza steakhouses have been around since the '60s. Unfortunately, much like the once-popular TV shows they were named after, Ponderosa and Bonanza seem to have been forgotten.

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21 MAY, 2022

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