Photographer: Luke Sharrett/Bloomberg

Lower Beef Prices Help Boost Profit at Steakhouses: Chart

The price for uncooked beef steaks has come down recently, helping earnings at restaurant chains such as Texas Roadhouse Inc. The Louisville, Kentucky-based company on Monday reported fourth-quarter profit that topped analysts’ estimates and said lower beef prices would help boost performance in 2016. Steak prices in January fell to $7.47 a pound, the lowest since October 2014.

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