4 Stocks That Boosted Their Bottom Line with Beef

Core Insights - The rise of GLP-1 weight-loss treatments highlights the significance of protein in preventing muscle loss, leading to increased popularity of high-protein diets like keto and carnivore [1] - The addition of beef to restaurant menus has positively impacted sales, with several restaurant stocks benefiting from this trend [1] Company Summaries Sweetgreen - Sweetgreen Inc. has shifted its focus by adding beef options to its menu, which has attracted a broader customer base beyond health-conscious diners [2] - The introduction of grass-fed Caramelized Garlic Steak in Q1 2024 resulted in 20% of dinner orders including steak, contributing to a 5% year-over-year increase in comparable sales, which rose to 9% in Q2 2024 [3] CAVA Group - CAVA Group Inc. reported a remarkable 14.4% year-over-year growth in comparable sales for Q2 2024, alongside a 35.2% increase in revenue and the opening of 78 new restaurants [4] - The rollout of grilled steak, tested in December 2023, was added to the core menu in June 2024, with expectations for significant impact on Q3 2024 earnings [6] Texas Roadhouse - Texas Roadhouse Inc. operates over 700 steakhouse-style restaurants, with beef as its primary offering, and reported a 9.3% year-over-year growth in comparable sales for Q2 2024, outperforming competitors [7][8] Chili's Grill and Bar - Chili's Grill and Bar, owned by Brinker International Inc., achieved a 14.8% year-over-year growth in comparable sales in Q2 2024, largely due to the viral success of its Big Smasher burger [9][12] - The Big Smasher campaign has positioned Chili's as a direct competitor to fast-food chains, leveraging social media for increased visibility and sales growth [11][12]