Amarillo, Texas At Risk of Losing These Major Restaurant Chains

Amarillo, Texas is known for having multiple restaurants, in fact, more restaurants than should be in a city this size.

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However, with the economy struggling, and people saving their money and eating at home, many restaurants are also struggling.  Unfortunately, Amarillo may be losing 3 major restaurant chains.

Red Lobster

Red Lobster is looking into filing for Chapter 11 Bankruptcy.  According to Bloomberg, they are looking to restructure their debt get rid of some long-term contracts, and renegotiate leases.

Red Lobster's claim to fame is the Cheddar Bay biscuits.  Most people will visit the restaurant to enjoy baskets of these cheesy garlicky carby lumps of deliciousness, and their seafood fix, especially during their Endless Shrimp promotions.  Unfortunately, the Endless Shrimp promotion caused the company to lose over $11 million in the third quarter of 2023, adding to the financial troubles of the restaurant.

Although the company hasn't filed for bankruptcy as of this moment.  If they do, underperforming stores will often close, and Amarillo's location may be one to close.  Now is the time to go and eat as many of those delicious Cheddar Bay biscuits as you can.

Cracker Barrel

Cracker Barrel is a popular restaurant known for serving delicious meals, especially breakfast, throughout the day. It's a go-to spot for travelers and locals alike.  Lately, the restaurant has been struggling to attract customers, with a 4% decrease in traffic in the last quarter. One possible reason for this may be that they raised their menu prices by 4.8%. To improve the customer experience, Cracker Barrel has been making some changes, such as updating its menu, redesigning the restaurant, and launching a new loyalty program.

As of now, Cracker Barrel is safe, but if things don't improve it's possible that we might be saying goodbye to this restaurant.

Outback Steakhouse

In February, Bloomin' Brands Inc. announced that it would be closing 41 of its current stores.  The stores closing are stores that are underperforming.  The company also said they would not release a list of the restaurant closures.

So far our Amarillo, Outback Steakhouse is still open.  The only way to ensure the restaurant stays open for years is to go and support them by eating there regularly.

Should We Be Worried?

Although we still have these three restaurants in Amarillo, if the sales and traffic continue to decline, there might come a point soon where Amarillo's location, might be the location they chose close.