From John Gordon’s Blog on FOHBOH.com
We are impressed that many steak centric related restaurant concepts same store sales trends have outperformed other chain restaurant concept same store sales trends lately. But beef costs have also risen from 2009/2010 levels. This is reverse of the position in 2009 when sales were plunging and protein costs also fell from the then historic 2007/2008 highs. However, after declines in 2007 through the first half of 2010, few chains are at pre-recession average annual volume (AUV) levels.
To read the rest of the article, go here: http://fohboh.com/profiles/blogs/steakhouse-conundrum#ixzz1RqxNq9fn
