Texas Roadhouse Tops Steakhouses, Outback Cuts Locations
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Texas Roadhouse surpasses Olive Garden as the top casual dining chain, with $5.5 billion in sales in 2024. LongHorn Steakhouse and Outback Steakhouse follow, but Outbacks parent company, Bloomin Brands, plans to close 43 locations due to rising costs and fewer customers. Bloomin Brands also cut 100 corporate jobs and runs Carrabbas Italian Grill and Bonefish Grill. Other steakhouse operators face similar challenges, with Landrys closing McCormick and Schmicks sites and older chains like Ponderosa and Bonanza down to a few spots.
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