Texas Roadhouse(US:TXRH)2026-02-19 21:05Financial Performance - Total revenue for Q4 2025 was $1,482,031, a 3.1% increase from $1,437,914 in Q4 2024[2] - Net income for Q4 2025 decreased by 26.9% to $84,635 compared to $115,833 in Q4 2024[2] - For fiscal year 2025, total revenue was $5,878,075, a 9.4% increase from $5,373,332 in 2024[2] - Net income for the fiscal year ended December 30, 2025, was $414,335 thousand, a decrease of 6.8% compared to $444,345 thousand in the previous year[20] Sales Performance - Comparable restaurant sales increased by 4.2% at company restaurants in Q4 2025[3] - Restaurant and other sales for the fourth quarter reached $1,473,807 thousand, reflecting a 3.2% increase from $1,428,780 thousand in the same quarter of 2024[22] - Comparable restaurant sales growth was 4.2% for the fourth quarter, down from 7.7% in the prior year[22] - Average weekly sales at company restaurants rose to $160,021, with to-go sales contributing $22,099[3] Restaurant Operations - The company opened nine new restaurants in Q4 2025 and plans to open 28 company restaurants in 2026[7] - The company opened 9 new restaurants in the fourth quarter, maintaining the same number as the previous year, but total openings for the fiscal year decreased to 28 from 31[25] Financial Position - Total assets increased to $3,549,472 thousand as of December 30, 2025, up from $3,190,779 thousand a year earlier, representing a growth of 11.2%[18] - Total liabilities increased to $2,088,652 thousand as of December 30, 2025, up from $1,832,432 thousand a year earlier, representing a rise of 14.0%[18] - Cash and cash equivalents decreased to $134,709 thousand at the end of the period, down from $245,225 thousand at the beginning, marking a decline of 45%[20] Capital Expenditures - Capital expenditures for 2026 are projected to be approximately $400 million[8] - Capital expenditures for property and equipment totaled $387,996 thousand, compared to $354,341 thousand in the previous year, indicating an increase of 9.5%[20] Shareholder Returns - A quarterly cash dividend of $0.75 per share was approved, to be distributed on March 31, 2026[9] - The company repurchased shares worth $150,437 thousand during the fiscal year, compared to $80,003 thousand in the previous year, reflecting an increase of 87.5%[20] Pricing Strategy - The company plans a menu price increase of approximately 1.9% in early April 2026[6] Profitability Metrics - Restaurant margin dollars decreased by 15.6% to $204.8 million, with a margin percentage of 13.9%[3] - Restaurant margin for the fiscal year was $905,718 thousand, a decrease of 1.4% from $915,777 thousand in 2024, with the margin percentage dropping to 15.5% from 17.1%[21]