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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 6040 Dutchmans Lane For the quarterly period ended March 26, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-50972 Texas Roadhouse, Inc. (Exact name of registrant specified in its charter) (State or other juris ...

Financial Data and Key Metrics Changes - In Q1 2024, the company reported revenue of over $1.3 billion, reflecting a 12.5% growth year-over-year [12][106] - Same-store sales growth was 8.4%, driven by a 4.3% increase in traffic and a 4.1% increase in average check [12][106] - Diluted earnings per share increased by 31.4% to $1.69 [106] - Restaurant margin as a percentage of total sales increased by 148 basis points year-over-year to 17.4% [96] Business Line Data and Key Metrics Changes - Texas Roadhouse brand generated average weekly sales of over $163,000, while Bubba's 33 averaged over $120,000 in weekly sales [5][12] - Jaggers, the quick service brand, delivered nearly $68,000 in average weekly sales [14] - The company opened nine company-owned Texas Roadhouse locations in Q1 and expects to open an additional six in Q2, aiming for approximately 30 openings across all brands for the full year [17][12] Market Data and Key Metrics Changes - Comparable sales for the first five weeks of Q2 2024 were up 9.3%, with restaurants averaging sales of approximately $158,000 per week [106] - The company noted strong performance across the country, particularly in the South and Southeast regions [26] Company Strategy and Development Direction - The company is focused on enhancing the guest experience and maintaining quality and consistency in food and service [12][106] - There is a commitment to technology improvements, including the transition to Digital Kitchens, with 30% of the planned conversions completed [6][12] - The company is also preparing to launch a new employee management system called Roadie-First Technology [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate commodity inflation, expecting full-year commodity inflation to be approximately 3% [94][106] - The company anticipates continued margin expansion, with a target of maintaining restaurant margins between 17% and 18% [37][106] - Management highlighted the importance of staffing stability and improved productivity as key factors driving operational success [31][104] Other Important Information - The company generated over $240 million in operating cash flow during Q1, funding over $125 million in capital expenditures, dividends, and share repurchases [105] - The company celebrated its Managing Partner of the Year awards during the conference call, recognizing outstanding contributions from its team [99] Q&A Session Summary Question: Can you share expected quarterly commodity inflation over the next couple of quarters? - Management acknowledged the uncertainty but indicated that they expect commodity inflation to increase in the second half of the year [20] Question: Was the growth in off-premise sales due to weather or other factors? - Management attributed the growth to improved execution in dining rooms and enhanced to-go processes [23][24] Question: What is the outlook for labor productivity gains? - Management noted that improved staffing and lower turnover have contributed to better labor productivity [31][32] Question: How does the company plan to balance capital priorities across brands? - Management indicated a focus on growth for all brands, with specific attention to franchise development for Jaggers [46] Question: What is the expected impact of the extra operating week on EPS? - Management estimated a 4% benefit to EPS from the additional operating week in 2024 [114] Question: How is the company addressing the mix and pricing dynamics? - Management reported a 4.9% price increase in Q1 and noted a slight negative mix impact, which has improved in early Q2 [152]

Exhibit 99.1 Texas Roadhouse, Inc. Announces First Quarter 2024 Results LOUISVILLE, KY. (May 2, 2024) – Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 weeks ended March 26, 2024. Financial Results Financial results for the 13 weeks ended March 26, 2024 and March 28, 2023 were as follows: | | | | 13 Weeks Ended | | | --- | --- | --- | --- | --- | | ($000's, except per share amounts) | March 26, 2024 | | March 28, 2023 | % change | | Total revenue | $ | 1,321,217 $ | 1,17 ...

Financial Performance - Total revenue increased by $616.8 million or 15.4% to $4.6 billion in 2023 compared to $4.0 billion in 2022, driven by an increase in comparable restaurant sales and store weeks [266]. - Comparable restaurant sales increased by 10.1% and store weeks increased by 5.8% at company restaurants in 2023 [266]. - Net income rose by $35.1 million or 13.0% to $304.9 million in 2023 compared to $269.8 million in 2022, primarily due to higher restaurant margin dollars [267]. - Diluted earnings per share increased by 14.3% to $4.54 from $3.97 in the prior year, reflecting the increase in net income [267]. - Total revenue for 2023 was $4,631.7 million, a 15.4% increase from $4,014.9 million in 2022 [272]. - Restaurant and other sales increased by 15.4% in 2023, driven by a 10.1% increase in comparable restaurant sales and a 5.8% increase in store weeks [276][278]. Restaurant Expansion - The company opened 30 company restaurants in 2023, including 22 Texas Roadhouse, five Bubba's 33, and three Jaggers restaurants [243]. - The company completed the acquisition of eight domestic franchise Texas Roadhouse restaurants for an aggregate purchase price of $39.1 million [244]. - The company continues to evaluate opportunities for restaurant expansion in both domestic and international markets [241]. - The company expects store week growth of approximately 8% in 2024, including a benefit of 2% from the 53rd week [282]. Costs and Expenses - Restaurant margin dollars increased by $80.5 million or 12.8% to $708.0 million in 2023 compared to $627.5 million in 2022, primarily due to higher sales [269]. - Food and beverage costs remained flat at 34.6% of restaurant and other sales, with commodity inflation at 5.6% primarily due to higher beef costs [286]. - Restaurant labor expense increased to 33.4% of restaurant and other sales in 2023, up from 33.1% in 2022, driven by wage and labor inflation of 6.6% [287]. - General and administrative expenses remained flat at 4.3% of total revenue in both periods presented [295]. Shareholder Returns - The Board declared a quarterly cash dividend of $0.55 per share in 2023, with an increase to $0.61 per share in February 2024, representing an 11% increase compared to the prior year [248]. - The quarterly dividend was increased to $0.55 per share in 2023 from $0.46 per share in 2022, with total dividend payments of $147.2 million in 2023 [313]. Cash Flow and Financing - Net cash provided by operating activities was $565.0 million in 2023, up from $511.7 million in 2022, attributed to increased net income and favorable changes in working capital [304]. - Capital expenditures totaled $347.0 million in 2023, up from $246.1 million in 2022, driven by new restaurant development and refurbishment [308]. - The company expects capital expenditures for 2024 to be between $340 million and $350 million [309]. - Net cash used in financing activities decreased to $267.4 million in 2023 from $409.8 million in 2022, primarily due to reduced share repurchases [310]. - As of December 26, 2023, the company had no outstanding balance on its $300 million revolving credit facility, with $295.3 million available [317]. Tax and Income - Interest income increased to $3.0 million in 2023 compared to $(0.1) million in 2022, driven by increased earnings on cash and cash equivalents [296]. - The effective tax rate decreased to 12.5% in 2023 from 13.6% in 2022, with an expected rate of approximately 14% for 2024 [298][299]. - Equity income from unconsolidated affiliates increased to $1.4 million in 2023 from $1.2 million in 2022, driven by a $0.6 million gain on the acquisition of four affiliates compared to a $0.3 million gain on one affiliate in 2022 [297]. Market Risks - The company has faced high inflation driven by commodity costs and wage inflation, which has been partially offset by menu price increases [333]. - The company is exposed to market risk from changes in interest rates on variable rate debt, with no outstanding borrowings on its credit facility as of December 26, 2023 [334]. - The company employs various purchasing and pricing contract techniques to secure low-cost ingredients, but is subject to unpredictable price volatility in commodity markets [335]. - The beef supply is highly dependent on four vendors, posing a risk of supply shortages or higher costs if these vendors fail to meet their obligations [336]. Goodwill and Impairment - As of December 26, 2023, the Texas Roadhouse reporting unit had allocated goodwill of $169.7 million, with no other reporting units holding goodwill balances [329]. - A qualitative assessment indicated no impairment indicators for the Texas Roadhouse reporting unit, and no additional impairment indicators were identified through the end of the fourth quarter [330].

Texas Roadhouse, Inc. (NASDAQ:TXRH) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Michael Bailen – Head-Investor Relations Jerry Morgan – Chief Executive Officer Chris Monroe – Chief Financial Officer Conference Call Participants Jeffrey Bernstein – Barclays Peter Saleh – BTIG David Tarantino – Baird Dennis Geiger – UBS Sara Senatore – Bank of America David Palmer – Evercore ISI Jeff Farmer – Gordon Haskett Lauren Silberman – Deutsche Bank Andy Barish – Jefferies Chris O ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-50972 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 6040 Dutchmans Lane, Suite 200 Louisville, Kentucky 40205 (Address of principal executive offices) (Zip Code) ( ...

Financial Data and Key Metrics Changes - For Q3 2023, comparable sales increased by 8.2%, driven by a 4.1% growth in traffic and a 4.1% increase in average check [11] - EPS growth for the quarter was 2.6%, significantly impacted by several adjustments [39] - Restaurant margin dollars increased to over $20,000 per store week, while restaurant margin as a percentage of total sales decreased by 80 basis points to 14.6% [40] Business Line Data and Key Metrics Changes - The company opened nine new stores in Q3, including two Bubba's 33 locations, contributing to overall growth [22] - Average weekly sales for Q3 were approximately $139,000, with to-go sales representing about 12.3% of total weekly sales [67] - The company expects to open approximately 30 company-owned Texas Roadhouse and Bubba's 33 locations in 2024, along with three Jaggers [33] Market Data and Key Metrics Changes - Labor costs for store week increased by 8.5%, primarily due to wage inflation of 5.6% and growth in hours of 3.3% [4] - The effective tax rate for Q3 was 11.9%, with a projected full-year 2023 income tax rate of approximately 13% [43] Company Strategy and Development Direction - The company plans to maintain a balanced and disciplined long-term capital allocation approach, with an initial 2024 capital expenditure guidance of $340 million to $350 million [3][12] - The company is focused on organic growth and returning capital through dividends and share repurchases to deliver strong shareholder returns [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumers dining out, despite external economic pressures [61] - The company anticipates a more normalized and manageable rate of wage increases in 2024, with a forecast of 4% to 5% for wage inflation [42][26] - Management noted that beef remains the primary driver of inflation, with expectations of 5% to 6% commodity inflation for 2024 [41][76] Other Important Information - The company has seen a stabilization in wage increases and is optimistic about achieving efficiencies in labor management [26][80] - The company is committed to the growth of Bubba's 33 and has made significant investments in its operational leadership [91] Q&A Session Summary Question: Thoughts on pricing in the current environment - Management indicated that they will be cautious about pricing, focusing on core wage pressures and beef inflation [6][48] Question: Clarification on menu pricing for Q1 and Q2 - Management confirmed a 5.5% menu pricing for Q4 and discussed the potential for pricing in early 2024 [57][134] Question: Update on commodity inflation outlook for 2024 - Management stated that beef is the primary driver of the expected 5% to 6% inflation, while other commodities are flat to deflationary [76] Question: Discussion on labor efficiency and staffing levels - Management expressed optimism about achieving better labor efficiency as turnover rates have returned to pre-pandemic levels [167] Question: Insights on consumer demand and traffic growth - Management noted consistent traffic growth across various regions and demographics, indicating strong consumer demand [153]

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 27, 2023 OR Securities registered pursuant to Section 12(b) of the Act: For the transition period from to Commission File Number 000-50972 Texas Roadhouse, Inc. (Exact name of registrant specifie ...