As Americans trim spending, these cheap steakhouses are booming

In a Reddit thread, users expressed their love for Texas Roadhouse and LongHorn Steakhouse, praising their affordability and value. Both restaurants have seen sales growth despite a decline in overall retail spending. Texas Roadhouse’s sales at company-owned locations increased by 8.4% compared to the previous year, while LongHorn Steakhouse saw a 4% rise. The two steakhouses have a history of performing well during economic uncertainty. They offer an affordable luxury, with average meal costs of $26 at LongHorn Steakhouse and $22 at Texas Roadhouse. The restaurants have maintained their prices while others have increased theirs. Grocery prices for beef have also risen, making steak dinners at restaurants more appealing to consumers.