Texas Roadhouse, Inc. Announces First Quarter 2025 Results

Core Viewpoint - Texas Roadhouse, Inc. reported a 9.6% increase in total revenue for the 13 weeks ended April 1, 2025, compared to the same period in 2024, driven by traffic growth across all brands and new store openings [2][3]. Financial Results - Total revenue for the quarter was $1,447.6 million, up from $1,321.2 million in the prior year, reflecting a 9.6% increase [2]. - Income from operations slightly increased by 1.2% to $134.7 million from $133.1 million [2]. - Net income rose by 0.4% to $113.7 million compared to $113.2 million in the previous year [2]. - Diluted earnings per share increased by 1.0% to $1.70 from $1.69 [2]. Operational Highlights - Comparable restaurant sales for the first five weeks of the second quarter of fiscal 2025 increased by 5.0% compared to the same period in 2024 [4]. - The company opened eight new restaurants during the quarter, including its 50th Bubba's 33 location [3][4]. - Capital allocation included $77.4 million in capital expenditures, $78.3 million for franchise acquisitions, $45.2 million in dividends, and $50.2 million in share repurchases [4]. Cost and Margin Analysis - Restaurant margin dollars increased by 4.7% to $239.3 million from $228.4 million in the prior year, although the restaurant margin percentage decreased by 77 basis points to 16.6% due to commodity and labor inflation [4][18]. - Commodity cost inflation was approximately 4%, influenced by tariffs [5]. Dividend Declaration - The Board of Directors approved a quarterly cash dividend of $0.68 per share, to be distributed on July 1, 2025, to shareholders of record as of June 3, 2025 [5][12]. Company Overview - Texas Roadhouse, Inc. operates over 790 restaurants across 49 states, one U.S. territory, and ten foreign countries, focusing on the casual dining segment [8].