LOUISVILLE, Ky., Aug. 09, 2024 (GLOBE NEWSWIRE) -- On August 8, 2024, the Board of Directors of Texas Roadhouse, Inc. (Nasdaq: TXRH) authorized the payment of a cash dividend of $0.61 per share of common stock. This payment will be distributed on September 24, 2024, to shareholders of record at the close of business on September 4, 2024. About the Company Texas Roadhouse is a growing restaurant company operating predominantly in the casual dining segment that first opened in 1993 and today has grown to over ...

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 25, 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 jurisd ...

Restaurant chains like the margins alcohol can bring to their bottom lines; Texas Roadhouse itself has said its Bubba's pizza-and-wings chain, with a bit more focus on alcohol than its steakhouses, has benefited. Beverage makers are expanding their nonalcoholic offerings, which may sway some diners, while others may be ordering less alcohol to save a few bucks without forgoing a meal out. People bought less booze at Texas Roadhouse (TXRH) last quarter, and the steakhouse chain thinks that might be the case ...

Texas Roadhouse (TXRH) reported $1.34 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.5%. EPS of $1.79 for the same period compares to $1.22 a year ago. Comparable restaurant sales growth - Company restaurants: 9.3% versus the nine-analyst average estimate of 8.7%. Restaurants at the end - Total: 762 versus the seven-analyst average estimate of 761. Restaurants at the end - Company - Total: 650 versus the six-analyst average estimate of 650. Comparable restau ...

Texas Roadhouse, Inc. (NASDAQ:TXRH) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Michael Bailen - Head of Investor Relations Jerry Morgan - Chief Executive Officer Chris Monroe - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Brian Bittner - Oppenheimer David Tarantino - Baird Brian Harbour - Morgan Stanley Jim Salera - Stephens Elliott Simon - Evercore ISI Lauren Silberman - Deutsche Bank Peter Saleh - BTIG Dennis Geiger - UBS Jeff F ...

Texas Roadhouse (TXRH) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary o ...

Restaurant Sales and Performance - Comparable restaurant sales increased 8.9% at company restaurants and 8.0% at domestic franchise restaurants[2] - Average weekly sales at company restaurants were $159,184, with to-go sales accounting for $20,392[5] - Store week growth was approximately 7.5%, including a 2% benefit from the 53rd week[7] - Texas Roadhouse restaurants' average unit volume increased by 9.1% to $2,123 for the 13 weeks ended June 25, 2024, compared to $1,946 for the same period in 2023[39] - U.S. franchise restaurants' average unit volume increased by 6.5% to $2,268 for the 13 weeks ended June 25, 2024, compared to $2,129 for the same period in 2023[39] Restaurant Margins and Profitability - Restaurant margin dollars increased 32.7% to $242.6 million, with restaurant margin as a percentage of sales rising to 18.2% from 15.7%[3] - Restaurant margin dollars for the 26 weeks increased 27.8% to $471.1 million, with margin as a percentage of sales rising to 17.8% from 15.8%[19] - Restaurant margin for the 13 weeks ended June 25, 2024, grew to $242,611 thousand, a 32.7% increase from $182,756 thousand in the prior year[31] - Restaurant margin percentage improved by 250 basis points to 18.2% for the 13 weeks ended June 25, 2024, compared to 15.7% for the same period in 2023[39] Earnings and Financial Performance - Diluted earnings per share increased 38.7% driven by higher restaurant margin dollars[5] - Net income attributable to Texas Roadhouse, Inc. and subsidiaries for the 13 weeks ended June 25, 2024, rose to $120,141 thousand, a 46.1% increase from $82,271 thousand in the prior year[29] - Diluted earnings per share for the 13 weeks ended June 25, 2024, increased to $1.79, up 46.4% from $1.22 in the same period last year[29][34] - Net income rose by 46.0% to $120,141 for the 13 weeks ended June 25, 2024, compared to $82,271 for the same period in 2023[37] - Diluted earnings per share increased by 46.4% to $1.79 for the 13 weeks ended June 25, 2024, compared to $1.22 for the same period in 2023[37] Revenue Growth - Total revenue for the 13 weeks ended June 25, 2024, increased to $1,341,202 thousand, up 14.5% from $1,171,203 thousand in the same period last year[29] - Total revenue increased by 14.5% to $1,341,202 for the 13 weeks ended June 25, 2024, compared to $1,171,203 for the same period in 2023[37] - Restaurant and other sales grew by 14.5% to $1,333,642 for the 13 weeks ended June 25, 2024, compared to $1,164,385 for the same period in 2023[39] Capital Allocation and Expenditures - Capital allocation spend included $155.5 million in capital expenditures, $81.5 million in dividends, and $35.1 million in stock repurchases[5] - Total capital expenditures for 2024 are expected to be between $360 million and $370 million[7] Labor Costs and Inflation - Wage and other labor inflation is projected to be between 4% and 5%[8] Restaurant Expansion and Growth - The company opened 15 company restaurants and 6 franchise restaurants in the first 26 weeks of 2024[19] - Total company restaurants increased by 36 to 650 at the end of the quarter, compared to 614 in the same period last year[33] - Total franchise restaurants increased by 17 to 112 at the end of the quarter, compared to 95 in the same period last year[33] - Store weeks increased by 5.6% to 8,408 for the 13 weeks ended June 25, 2024, compared to 7,960 for the same period in 2023[39] - Bubba's 33 restaurants' store weeks increased by 13.3% to 596 for the 13 weeks ended June 25, 2024, compared to 526 for the same period in 2023[39] - Texas Roadhouse franchise restaurants' store weeks increased by 13.9% to 1,389 for the 13 weeks ended June 25, 2024, compared to 1,220 for the same period in 2023[39] Financial Position and Assets - Cash and cash equivalents as of June 25, 2024, stood at $197,454 thousand, up 89.4% from $104,246 thousand as of December 26, 2023[36] - Total assets as of June 25, 2024, increased to $2,861,911 thousand, up 2.5% from $2,793,376 thousand as of December 26, 2023[36] - Texas Roadhouse, Inc. and subsidiaries stockholders' equity increased to $1,262,636 thousand as of June 25, 2024, up 10.6% from $1,141,662 thousand as of December 26, 2023[36]

LOUISVILLE, Ky., July 25, 2024 (GLOBE NEWSWIRE) -- Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 and 26 weeks ended June 25, 2024. Financial Results Financial results for the 13 and 26 weeks ended June 25, 2024 and June 27, 2023 were as follows: | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------|--------------------------------|-----------------|-------|--------|--------------------------------|---------------|------------|--- ...

Texas Roadhouse, Inc. (TXRH) is scheduled to report second-quarter 2024 results on Jul 25, 2024, after market close. In the last reported quarter, the company reported an earnings surprise of 2.4%. Q2 Expectations The Zacks Consensus Estimate for second-quarter earnings per share (EPS) is pegged at $1.66, indicating growth of 36.1% from $1.22 reported in the year-ago quarter. For revenues, the consensus mark is pegged at $1.34 billion. The metric suggests growth of 14.4% from the year-ago quarter's figure. ...

The U.S. restaurant industry continues to be impacted by high wages, food cost inflation and traffic woes in 2024 after two years of strong growth. The Zacks defined Retail – Restaurants industry is currently in the bottom 41% of the Zacks Industry Rank. In the past year, the industry has declined 8.4%, while its year-to-date return is negative 12.7%. Meanwhile, a handful of restaurant stocks have flourished year to date, defying the industry's weak performance. Investment in these stocks with a favorable Z ...