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 September 24, 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) Delaware 20-1083890 (State or other j ...

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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

I'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining. We employ advanced analytical models and specialized valuation techniq ...

Being able to change your mind can save you a lot of money and make you some good gains. This is exactly what happened to me with Texas Roadhouse (I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains than low valuation. As a result, I give utmost i ...

Texas Roadhouse TodayTXRHTexas Roadhouse$186.90 +6.00 (+3.32%) 52-Week Range$93.79▼$189.97Dividend Yield1.31%P/E Ratio33.92Price Target$178.60Add to WatchlistTexas Roadhouse NASDAQ: TXRH is a highly valued stock, but it is valued that way because it is the leading restaurant player and has ample growth potential to drive long-term shareholder value increases. The initial reaction to the Q3 results was tepid, but it was nothing more than a meh reaction to solid results and not an indication that the market w ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 13.5% for Q3 2024, reaching approximately $1.3 billion, driven by a 7.5% increase in average unit volume and 5.8% store week growth [15][5] - Diluted earnings per share increased by 32.5% to $1.26, with restaurant margin dollars increasing by 24.1% to $202 million [15][16] - Comparable sales grew by 8.5%, supported by a 3.8% traffic growth and a 4.7% increase in average check [15][16] Business Line Data and Key Metrics Changes - Weekly sales averaged $153,000 at Texas Roadhouse, $117,000 at Bubba's 33, and $72,000 at Jaggers, with all three brands showing positive traffic and sales growth [10] - The company opened seven Texas Roadhouse locations in Q3 and expects to open approximately 30 restaurants across all brands for the full year [6][7] Market Data and Key Metrics Changes - The company experienced strong comparable sales performance across all regions, with no significant regional disparities noted [63] - The company reported a 0.9% menu price increase, which is expected to maintain value proposition and traffic levels [11][10] Company Strategy and Development Direction - The company is focused on operational excellence, enhancing guest experience, and maintaining a strong community presence [56][57] - A tentative agreement is in place to acquire 13 Texas Roadhouse restaurants at the beginning of 2025, indicating a strategy of growth through acquisition [13][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a target of over 250 digital kitchen conversions by the end of 2024, with plans to convert nearly all restaurants to digital kitchens by the end of 2025 [8] - The company updated its full-year commodity inflation guidance to less than 1%, reflecting lower-than-expected inflation in Q3 [11][12] Other Important Information - The company celebrated its 20th anniversary as a public company and was named the 2024 Brand Icon by Nation's Restaurant News [9][8] - The effective tax rate for Q3 was 16.7%, with an updated guidance for the full year 2024 income tax rate at approximately 15% [19] Q&A Session All Questions and Answers Question: Labor leverage in the quarter - Management indicated that adjustments related to insurance claims are unpredictable, but labor productivity is expected to continue improving [22][23] Question: Commodity inflation guidance - Management explained that the inflation guidance includes a combination of fixed-price contracts and assumptions, primarily driven by beef costs [24][27] Question: Pricing strategy for 2025 - Management stated that pricing decisions will be made based on operator feedback and market conditions after the first of the year [30][31] Question: Mix contribution in the quarter - Management reported a slight negative mix driven by alcohol sales, but overall positive results in other categories [38] Question: Technology initiatives and labor productivity - Management noted that while it's early to quantify the impact of technology on labor productivity, indicators are positive [40] Question: Labor hours dynamics heading into next year - Management expects to maintain labor hours growth below 50% relative to traffic growth, focusing on staffing appropriately [42][43] Question: Unit growth philosophy - Management emphasized a focus on the number of openings rather than a specific percentage growth target, aiming for balanced operations [45][46] Question: Impact of weather on sales - Management acknowledged some impact from weather but noted a bounce-back in sales following closures [48][50] Question: Pricing versus wages - Management is considering the balance between pricing and wage increases, aiming to invest in labor while maintaining value for consumers [74]

For the quarter ended September 2024, Texas Roadhouse (TXRH) reported revenue of $1.27 billion, up 13.5% over the same period last year. EPS came in at $1.26, compared to $0.95 in the year-ago quarter.The reported revenue represents a surprise of -0.56% over the Zacks Consensus Estimate of $1.28 billion. With the consensus EPS estimate being $1.33, the EPS surprise was -5.26%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Texas Roadhouse (TXRH) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.26%. A quarter ago, it was expected that this restaurant chain would post earnings of $1.66 per share when it actually produced earnings of $1.79, delivering a surprise of 7.83%.Over the last four quarters, the ...

Exhibit 99.1 Texas Roadhouse, Inc. Announces Third Quarter 2024 Results LOUISVILLE, KY. (October 24, 2024) – Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 and 39 weeks ended September 24, 2024. Financial Results Financial results for the 13 and 39 weeks ended September 24, 2024 and September 26, 2023 were as follows: | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------|---------------------------|-------------------------------- ...