“I don't think that [steakhouses are] going out of fashion,” Coombs said on Wednesday.
Classic steakhouses across the nation, including Peter Luger Steak House, Nick and Stef’s Steakhouse in Los Angeles, Michael Jordan’s Steakhouse in Chicago and LongHorn Steakhouse are booming, according to FSR Magazine, which provides insights for chefs, owners, executives and decision-makers in the restaurant industry.
However, some mid-priced steak chains are experiencing a gradual decline in revenue growth.
Coombs said as time evolves, trends may change, but there will always be something for people to order off a steakhouse menu. For example, he said, Pete Wells had Dover sole when he went to Peter Luger.
“A lot of restaurants really don’t provide the variety and the mass appeal if you’re getting together with a group of people that have various tastes where you can really satisfy everyone,” Coombs said.