52-year-old Outback Steakhouse rival chain closes 24 areas
Rising meals prices pushed by inflation have been an issue for U.S. steakhouses starting from high-end to price range institutions, main some well-known eating places to completely shut their doorways and in some instances file for chapter
A rise in the price of beef that led to steak costs spiking 16% to $12.73 per pound in March 2026, in line with knowledge from the Federal Reserve Financial institution of St. Louis, affected menu costs and discouraged some diners from eating in steakhouses, taking a chunk out of restaurant income.
Steakhouses which have closed areas within the U.S. during the last three months have included Fleming’s Prime Steakhouse and Wine Bar, McCormick & Schmick’s, and Stoney River Steakhouse and Grill, with Quaker Steak & Lube about to shut one, too.
A Golden Corral restaurant franchisee, Conroe Corral Murphy LLC, nonetheless filed for Chapter 11 chapter in Texas on June 8 and continues to function.
Outback Steakhouse’s proprietor Bloomin’ Manufacturers closed 21 areas in 2025 and mentioned it might shut one other 22 areas in 2026 as leases expire, in line with its third quarter earnings name.
Quaker Steak & Lube closes location
And now, the final Quaker Steak & Lube location in Florida, positioned in Clearwater, will completely shut on July 5, the restaurant’s Common Supervisor Hilliary Smith mentioned in a Fb put up.
“After virtually 23 years of service, Quaker Steak & Lube is closing its doorways after enterprise closes on July fifth,” Smith, who labored on the restaurant since 2009, mentioned.
Neither Smith nor Quaker Steak Lube acknowledged a purpose for closing the placement, which opened in 2003. Smith mentioned she started working on the restaurant in August 2009.
Opened in a former fuel station
The Quaker Steak & Lube chain opened in 1974 in an deserted fuel station in Sharon, Pa., as a muscle car-themed, cook-your-own-steak restaurant chain.
The Bloomsburg, Pa.-based eating chain, nicknamed “The Lube,” designed its restaurant areas with fuel station memorabilia, basic automobiles, and bikes, and at present serves steaks, hen wings, child again ribs, burgers, sandwiches, soups, and salads.
Quaker Steak has received 100s of nationwide and worldwide awards for its meals and its number of over 20 wing sauces.
Chain has shuttered many areas
The steakhouse operator filed for chapter in November 2015 and bought its 50 restaurant areas out of chapter to TravelCenters of America in March 2016 for $25 million, in line with FSR.
The chain may have downsized from 50 areas in 2016 to 26 shops after the Clearwater closing.
