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Mastro's on the Ropes?

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Mastro's on the Ropes?

bernardo | Nov 5, 2009 07:30 PM

US News says Mastro's is on the ropes (http://www.usnews.com/money/blogs/flo...):

Mastro’s. These elegant steakhouses may be among the nation’s best, but they’re also clustered in Arizona and southern California, where housing woes have char-broiled the economy. With just 7 outlets (including two Ocean Club restaurants), Mastro’s lacks the scale and geographic diversity of bigger chains like Morton’s and McCormick & Schmick’s. Sales have fallen along with customers’ net worth and corporate expense budgets, and Mastro’s cash flow is likely to get worse before the double-cut porterhouse ($68.50) comes back into style..............

Anyone notice a decline in patronage at Mastro's?

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Mastros Restaurant
2087 E. Thousand Oaks Blvd., Thousand Oaks, CA 91362

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