15 Worst Steakhouse Chains in the US

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In this piece, we are going to look at 15 Worst Steakhouse Chains in the US. If you feel like skipping on our detailed discussion on the meat and beef market, you can jump directly to 5 Worst Steakhouse Chains in the US.

The global meat market was valued at a huge US$1.4 trillion in 2023. Looks like it's on track to reach a whopping US$1.7 trillion by 2032, with a steady growth rate of 2.01%. Why the boom? It's all about that protein-packed diet craze and the push for sustainable, ethical meat production. People are meat fans like never before, especially loving the lean, healthy options like antibiotic-free and grass-fed meats.

The beef market is also gearing up for a major surge, climbing from $414.98 billion in 2022 to a massive $604.34 billion by 2029. Steaks are the star of the show, dishing out top-notch cuts that everyone craves. Whether it's beef, pork, lamb, or veal, these meat delights are known for their top quality, taste, and tenderness. Steaks come in all sorts of styles, thanks to consumer preferences, processing techniques, and cattle care. Quality standards ensure that every steak is a flavor, texture, and nutrition superstar.

So, before we dive into the top 15 Steakhouses in the US, let's give a shoutout to the big players in the game – Tyson Foods, Inc. (NYSE:TSN), JBS S.A. (OTC:JBSAY), and Pilgrim's Pride Corporation (NASDAQGS:PPC).

Tyson Foods, Inc. (NYSE:TSN)

Based in Springdale, Arkansas, Tyson Foods is a major player in the meat industry, known for their chicken, beef, and pork offerings.

Tyson Foods, Inc. (NYSE:TSN) are the second-biggest in the game, right behind JBS S.A. In Q1 ending on December 31, 2023, they saw sales hit $13,319 million, up slightly by 0.4%. However, their GAAP numbers took a hit, with operating income down 51% to $231 million and adjusted operating income down 9% to $411 million. GAAP EPS also dipped to $0.30, a 66% decrease compared to the previous year.

JBS S.A. (OTC:JBSAY)

JBS S.A. (OTC:JBSAY), the Brazilian giant, rules the meat processing scene, serving up beef, chicken, salmon, pork, and even meat by-products. In the fiscal Q3 ending on Sept. 30, 2023, their net income took a big tumble, dropping by a whopping 84.7% to $117.3 million, while net revenue for the quarter hit $18.7 billion, a slight 0.6% decrease from the previous year. JBS is focused on revving up business for Seara and JBS Beef North America to make big moves.

Pilgrim's Pride Corporation (NASDAQGS:PPC)

Pilgrim's Pride Corporation (NASDAQGS:PPC) is a major chicken player in the U.S., ranking high in chicken production and coming in second in Mexico. In the last quarter of 2023, they nailed it with adjusted earnings hitting 59 cents per share, exceeding expectations. That's a big leap from the 49 cents loss in the same period last year. Their net sales also rose to $4,528.3 million, a solid 9.7% increase from the previous year.