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Texas Roadhouse Just Announced Its Third Price Hike In Less Than a Year
Posted on 2/16/24 at 10:30 pm
Posted on 2/16/24 at 10:30 pm
quote:
The chain announced this week that it will roll out a 2.2% menu price increase at the start of the second quarter of 2024, which should begin around late March. During an earnings call with investors on Feb. 15, Texas Roadhouse CFO Chris Monroe explained that the upcoming price hike is meant to "help offset the impact of inflationary pressures" it expects to face in 2024.
quote:
This will be the third price increase that the popular steakhouse chain has implemented in less than a year. Texas Roadhouse hiked up prices by 2.7% in October 2023, which CEO Jerry Morgan said at the time was mainly meant to make up for rising labor costs.
Full Story
Sucks, but not a surprise. At what point do the price hikes end? This place stays pack.
Of all the mid-tier steakhouses, this chain does it the best in terms of quality, consistency, and value for your money.
And the rolls ...
This post was edited on 2/16/24 at 10:33 pm
41
Posted on 2/16/24 at 10:32 pm to Will Cover
Probably the best restaurant out there for the price. Incredible food.
Posted on 2/16/24 at 10:33 pm to Will Cover
Never had a bad meal at any location I’ve ever been.
Posted on 2/16/24 at 10:35 pm to Will Cover
And I'll continue to stop going out until prices stabilize, great strategy.
Posted on 2/16/24 at 10:36 pm to Will Cover
I don’t know how they were doing it before. I was a little nervous about what I was eating at those prices but it always tasted good.
Posted on 2/16/24 at 10:38 pm to Will Cover
sucks but at least they are being transparent.
Posted on 2/16/24 at 10:39 pm to Will Cover
Texas Roadhouse >>> Louisiana Roadhouse
Posted on 2/16/24 at 10:47 pm to Will Cover
A 2% increase is not too noticeable, 50 cents on a $25 meal.
But, what I would like to see is the 2020 v. 2024 price difference on say a typical ribeye/ baked potato/ salad meal.
But, what I would like to see is the 2020 v. 2024 price difference on say a typical ribeye/ baked potato/ salad meal.
Posted on 2/16/24 at 10:50 pm to Will Cover
They’re probably underpriced to be honest
Posted on 2/16/24 at 11:34 pm to Will Cover
Not to impressed, nor ever been
Posted on 2/17/24 at 12:12 am to Will Cover
Haven't eaten there in at least 15 years. Rarely ever eat in a restaurant, maybe once in a couple of months for a birthday. Do they still have the peanuts?
Posted on 2/17/24 at 12:12 am to Will Cover
quote:There's the problem. It's all posturing to make it look like things are always better than ever.
During an earnings call with investors
Posted on 2/17/24 at 12:24 am to Will Cover
One just opened in Opelika, AL tonight and it was packed. We were at the Walk On's across from it.(for my son's birthday) Can't believe people get so worked up over buttered rolls.
Posted on 2/17/24 at 3:23 am to Will Cover
Texas Roadhouse is badass baw. Can't beat the prices for the food quality, consistency, and atmosphere
Posted on 2/17/24 at 3:39 am to Will Cover
quote:
Sucks, but not a surprise. At what point do the price hikes end? This place stays pack.
Probably when it's not pack.
Posted on 2/17/24 at 4:55 am to Will Cover
When the consumer stops paying the price.
As long as people keep showing up swiping those cards prices will rise.
As long as people keep showing up swiping those cards prices will rise.
Posted on 2/17/24 at 7:18 am to Will Cover
Soft landing and shite.
Posted on 2/17/24 at 7:19 am to Will Cover
I hate to say it but that place has inelastic demand. The one in Houma fricking prints money.
Posted on 2/17/24 at 7:31 am to Will Cover
One of the few chains that does it right. A few weeks back I ate the best prime rib I've ever eaten in my life there, and I eat a lot of prime rib.
There labor cost is cost high because nearly everything the serve is made in the restaurant from scratch.
There labor cost is cost high because nearly everything the serve is made in the restaurant from scratch.
Posted on 2/17/24 at 8:06 am to Will Cover
As Biden would say, just another greedy corporation and they better stop it………..
I mean there is no other reason they would be raising prices
I mean there is no other reason they would be raising prices
This post was edited on 2/17/24 at 10:54 am
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