earnings
confidence high
sentiment neutral
materiality 0.70
Texas Roadhouse Q1 revenue up 23% to $987.5M, EPS $1.08 vs $0.91 YoY
Texas Roadhouse, Inc.
2022-Q1 EPS reported
$1.08
revenue$987,486,000
- Comparable restaurant sales rose 16.0% at company restaurants; average weekly sales $132,263.
- Restaurant margin fell 213 bps to 16.4% due to 17% commodity inflation, partly offset by sales growth.
- Company repurchased 1.06M shares for $84.7M; new $300M buyback program authorized.
- Acquired 7 franchise restaurants in SC and GA for $26.4M; opened 3 company units in Q1.
- FY2022 outlook: ~25 new restaurants, commodity inflation 12-14%, wage inflation ~7%, capex ~$230M.