It’s tempting for steakhouse operators to stay on the sidelines while the effect of last summer’s record drought on cattle prices plays out. But LongHorn Steakhouse isn’t waiting around to see what happens. Instead, the chain is taking the offensive with a revamped menu that offers of variety of steak cuts and preparation methods more typically seen at high-end operations. Give LongHorn credit. It’s tough operating in the steakhouse segment right now. The U.S. ...

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