Rising beef costs and labor expenses force steakhouse closures, with prices hitting $12.73 per pound in March 2026.
Claim Jumper Steakhouse & Bar closed its 41st U.S. location since 2010, citing unsustainable operating costs. The San Bernardino, Calif., restaurant, open since 1999, was removed from the company’s website without explanation.
Beef prices climbed 16% to $12.73 per pound in March 2026, pressuring steakhouse margins. High labor and food costs have led other chains, including Fleming’s and McCormick & Schmick’s, to shutter locations in recent months.
Claim Jumper now operates just four remaining sites, down from its peak footprint. The closures reflect broader struggles in the restaurant sector amid inflationary pressures.