Considering the prolonged love affair America seems to be having with protein, it’s not surprising that steakhouses remain the top full-service restaurant where hungry folk chow down.
According to the market researchers at Technomic, while full-service restaurants in general continued to improve year over year, generating an average 3.5% increase in annual sales, steakhouses led the industry with a 5.5% gain.
And this has occurred even as beef prices hit record highs and remain at elevated levels.The Drovers Cattle Network says the average retail price for fresh beef during June was a record $6.114 per pound, $0.60 per pound higher than the year ago price and $0.05 more than the previous record set in March.
Of course, not every steakhouse fared equally well, and some did much better than others.
