Financial Performance - Texas Roadhouse reported $1.44 billion in revenue for the quarter ended December 2024, a year-over-year increase of 23.5% [1] - The EPS for the same period was $1.73, compared to $1.08 a year ago, indicating significant growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.42 billion, resulting in a surprise of +1.60% [1] - The company delivered an EPS surprise of +4.22%, with the consensus EPS estimate being $1.66 [1] Key Metrics - Comparable restaurant sales growth for company restaurants was 7.7%, slightly above the 7.5% average estimate [4] - U.S. franchise-owned restaurants saw a comparable sales growth of 6.3%, compared to the 6.7% average estimate [4] - The total number of company restaurants remained at 784, matching the average estimate [4] - The company opened 9 new restaurants, exceeding the average estimate of 7 [4] - Franchise royalties and fees revenue was reported at $9.13 million, surpassing the average estimate of $8.88 million, representing a year-over-year change of +30.5% [4] - Restaurant and other sales revenue was $1.43 billion, compared to the $1.41 billion average estimate, reflecting a year-over-year change of +23.5% [4] Stock Performance - Shares of Texas Roadhouse have returned -3.3% over the past month, while the Zacks S&P 500 composite increased by +2.6% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Core Insights - Texas Roadhouse reported quarterly earnings of $1.73 per share, exceeding the Zacks Consensus Estimate of $1.66 per share, and showing a significant increase from $1.08 per share a year ago, representing an earnings surprise of 4.22% [1] - The company achieved revenues of $1.44 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.60% and up from $1.16 billion year-over-year [2] Earnings Performance - Over the last four quarters, Texas Roadhouse has surpassed consensus EPS estimates three times, indicating a strong performance trend [2] - The company had a previous quarter expectation of $1.33 per share but reported $1.26, resulting in a surprise of -5.26% [1][2] Stock Performance and Outlook - Texas Roadhouse shares have declined approximately 3.6% since the beginning of the year, contrasting with the S&P 500's gain of 4.5% [3] - The company's earnings outlook is favorable, with current consensus EPS estimates of $2.01 for the coming quarter and $7.23 for the current fiscal year [7] Industry Context - The Retail - Restaurants industry, to which Texas Roadhouse belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a positive industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Texas Roadhouse reported a strong quarterly performance with a revenue increase of 23.5% to $1.44 billion and earnings per share (EPS) rising 60.1% to $1.73, driven by strategic expansions and effective management despite inflationary pressures [2][6]. Financial Performance - Total revenue for Q4 2024 was $1.44 billion, up from $1.16 billion in Q4 2023, reflecting a year-over-year increase of 23.5% [3][6]. - Net income rose by 59.9% to $115.8 million, compared to $72.4 million in the previous year [3][6]. - Comparable restaurant sales increased by 7.7%, although this was a decline from the previous year's 9.9% [3][7]. - Restaurant margins improved to 17.0% from 15.3% the previous year, attributed to higher sales volumes and improved labor productivity [7]. Strategic Developments - The company opened 31 company-run and 14 franchise locations in 2024, with plans to acquire 13 franchise restaurants in early 2025 [4][8]. - A strategic menu price increase of 1.4% is planned for early April 2025 to manage costs while maintaining competitiveness [9]. - Capital expenditures are projected at approximately $400 million, focusing on restaurant development and operational improvements [11]. Operational Efficiency - Income from operations increased by 65.4% to $138.6 million, indicating effective management and operational efficiencies [6]. - The company has implemented a competitive pricing strategy to combat rising inflation while maintaining quality standards [5]. Future Outlook - Management is optimistic about 2025, expecting comparable sales growth and a store week growth of approximately 5% [10]. - Inflationary pressures are anticipated, with commodity cost inflation forecasted between 3% and 4% and labor inflation between 4% and 5% [11].

Financial Performance - Total revenue for Q4 2024 was $1,437.9 million, a 23.5% increase from $1,164.4 million in Q4 2023[2] - Net income for Q4 2024 reached $115.8 million, up 59.9% from $72.4 million in Q4 2023[2] - Basic net income per common share attributable to Texas Roadhouse, Inc. was $1.74 for Q4 2024, compared to $1.08 for Q4 2023[17] - Net cash provided by operating activities for the fiscal year ended December 31, 2024, was $753.6 million, a 33.4% increase from $565.0 million in the previous year[21] - Total assets grew to $3,190.8 million as of December 31, 2024, compared to $2,793.4 million at the end of 2023[19] Sales and Restaurant Performance - Comparable restaurant sales increased by 7.7% at company restaurants and 6.3% at domestic franchise restaurants[3] - Average unit volume for Texas Roadhouse restaurants reached $2,211, a 17.1% increase from $1,888[23] - Restaurant and other sales increased to $1,428,780, a 23.5% rise compared to $1,157,362 in the previous year[23] - Comparable restaurant sales for Texas Roadhouse were 7.8%, down from 10.2% in the prior year[23] - Average weekly sales at company restaurants were $153,867, with to-go sales accounting for $20,067, compared to $141,653 and $17,793 respectively in the prior year[3] Restaurant Expansion - The company opened nine new company restaurants and five franchise restaurants during the fourth quarter[3] - The company opened 9 new restaurants in Q4 2024, compared to 12 in Q4 2023[26] - Total company restaurants increased to 666, up by 31 from 635 in the previous year[26] - Franchise restaurants increased to 118, up by 12 from 106 in the previous year[26] - The company plans to continue expanding its restaurant footprint, focusing on both domestic and international markets[26] Costs and Expenses - Restaurant margin for Q4 2024 was $242.6 million, representing 17.0% of restaurant and other sales, compared to 15.3% in Q4 2023[22] - The company reported a restaurant operating cost of $1,299.4 million for the fiscal year 2024, compared to $1,080.6 million in 2023[17] - Food and beverage costs as a percentage of sales decreased to 33.5%, down 65 basis points from 34.2%[23] - Labor costs remained stable at 33.0%, a slight decrease of 10 basis points from 33.1%[23] - Capital expenditures for property and equipment in the fiscal year 2024 were $354.3 million, slightly higher than $347.0 million in 2023[21] Future Outlook - For 2025, the company expects commodity cost inflation of 3% to 4% and comparable restaurant sales growth of 8.5% at company restaurants[6] - Capital expenditures for 2025 are projected to be approximately $400 million[13] Shareholder Returns - The quarterly cash dividend was increased by 11% to $0.68 per share, payable on April 1, 2025[8] - The company declared cash dividends of $0.61 per share in Q4 2024, up from $0.55 per share in Q4 2023[17] - A stock repurchase program of up to $500 million was approved, replacing the previous program of $300 million[9]

Core Viewpoint - Texas Roadhouse, Inc. reported strong financial results for the fourth quarter and fiscal year ended December 31, 2024, with significant increases in revenue, net income, and earnings per share compared to the previous year [2][4]. Financial Results - Total revenue for Q4 2024 was $1,437.9 million, a 23.5% increase from $1,164.4 million in Q4 2023 [2]. - For the fiscal year 2024, total revenue reached $5,373.3 million, up 16.0% from $4,631.7 million in 2023 [2]. - Net income for Q4 2024 was $115.8 million, a 59.9% increase from $72.4 million in Q4 2023 [2]. - Diluted earnings per share for Q4 2024 were $1.73, a 60.1% increase from $1.08 in Q4 2023 [2]. Comparable Restaurant Sales - Comparable restaurant sales increased by 7.7% at company restaurants and 6.3% at domestic franchise restaurants for Q4 2024 [3]. - Average weekly sales at company restaurants were $153,867, with to-go sales contributing $20,067, compared to $141,653 and $17,793 respectively in the prior year [3]. Restaurant Margin and Costs - Restaurant margin dollars increased by 37.3% to $242.6 million from $176.7 million in the prior year, with restaurant margin as a percentage of sales rising to 17.0% from 15.3% [3]. - Labor inflation was reported at 5.0%, while commodity inflation was at 0.3% [3]. Capital Allocation and Growth - The company opened nine new company restaurants and five franchise restaurants during the year [3]. - Capital expenditures for the year totaled $107.8 million, with dividends of $40.7 million and stock repurchases of $35.1 million [3]. Franchise Acquisition - On the first day of the 2025 fiscal year, Texas Roadhouse completed the acquisition of 13 domestic franchise restaurants for approximately $78 million [5]. 2025 Outlook - For the first seven weeks of Q1 2025, comparable restaurant sales increased by 2.9% compared to the same period in 2024 [6]. - The company plans to implement a menu price increase of approximately 1.4% in early April 2025 [6]. - Commodity cost inflation is expected to be between 3% to 4% for 2025 [6]. Dividend and Stock Repurchase - The Board of Directors approved a quarterly cash dividend of $0.68 per share, representing an 11% increase from the previous year [6]. - A new stock repurchase program was authorized for up to $500 million, replacing the previous program of $300 million [7].

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style S ...

Wall Street analysts expect Texas Roadhouse (TXRH) to post quarterly earnings of $1.66 per share in its upcoming report, which indicates a year-over-year increase of 53.7%. Revenues are expected to be $1.42 billion, up 21.6% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a company's earni ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...

LOUISVILLE, Ky., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Texas Roadhouse, Inc. (NasdaqGS: TXRH) announced today that it will release fourth quarter 2024 financial results on Thursday, February 20, 2025 after the market close. A conference call will follow at 5:00 PM ET and will be webcast live from the investor relations portion of the Company's website at www.texasroadhouse.com. Listeners may also access the call by dialing (888) 440-5667 or (646) 960-0476 for international calls and referencing the Texas Roadho ...

I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their d ...