Why some steakhouses are thriving while others can't keep diners coming back: 'Not just about the food'
Fox News
Premium steakhouses thrive with 4,263 locations nationwide, while casual chains like Outback and Logan's Roadhouse are closing underperforming restaurants amid changing consumer preferences.
"These guests enjoy the elevated dining experience." Andrea Margolis is a lifestyle writer for Fox News Digital and Fox Business. Readers can follow her on X at @andreamargs or send story tips to andrea.margolis@fox.com.
Industry revenue for premium steak restaurants has climbed at a 5.4% compound annual growth rate over the past five years, reaching an estimated $8.3 billion in 2025, according to a U.S. market research report by IBISWorld.
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