Good Lifestyle

Steakhouse Are an important part of American catering culture, but this is hardly the only reason why Texas Roadhouse, the largest American steakhouse chain, continues to grow in popularity this year.

The chain hadA huge beginning at their year. During the first quarter, he reported an increase in sales in the same way of 18.5% in companies belonging to companies, compared with 2020, as well as a growth of 8.6% compared to the pre-pandemic 2019. And the results of the second newly published quarter, which completed at the end of June, represents even greater growth of 80.2% compared to 2020 and 21.3% from 2019.

During the pandemic, the passage from Texas Roadhouse on off-site business, which has increased so far made up a very small part of their sales, has succeeded and fast. The chain now sees a healthy mix of dinneus-in controls and going to consumption, as well as growing average controls, as customers who dine on-site spend more money on aperitifs and alcoholics and soft drinks .

But the leadership of the chain has warned of a new obstacle that plagues the company - an increase in labor and food costs. As a result, the channel stated that their prices may continue to increase later this year, for the third time in recent months. And for more, discover6 catering chains that have just been more expensive.

Thanks to a strong demand for food, as well as national food shortages affecting food companies in a broad spectrum, the chain must buy meat and other products outside their ordinary suppliers and their fixed prices.

The CFO of Tonya Robinson stated that chain providers face similar questions and "starting to succeed these costs that they feel."

According toFSR magazineThis has led the Texas Roadhouse to buy more expensive beef, for example, which could mean that customers will face another price increase in the chain this year.

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In a winning call last week, the channel stated that they expected their food costs to increase by 7%, against 4% anticipated earlier in the year.

So far, Texas Roadhouse has increased prices on two separate occasions in recent months. An increase of 1.4% was implemented at the end of 2020, while another bump of 1.75% was added in May. Currently, chain prices are about 2.8% higher than they were at the beginning of 2020.

According toFSR magazine, if the chain decides on another price increase, it will probably take place in October and will drop around 2.9%.

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