earnings
confidence high
sentiment positive
materiality 0.75
Texas Roadhouse Q3 EPS $0.93, +23.7% YoY; revenue $993M, +14.3%
Texas Roadhouse, Inc.
2022-Q3 EPS reported
$3.08
revenue$3,005,390,000
- Diluted EPS $0.93, net income $62.3M; comparable restaurant sales +8.2% at company stores.
- Restaurant margin 15.4%, down 26 bps on 8.8% commodity inflation and 7.7% wage inflation.
- 2023 outlook: ~30 new company restaurants, commodity/labor inflation 5-6%, capex ~$265M.
- Tentatively agreed to acquire 8 domestic franchise restaurants, close targeted for early 2023.
- Repurchased 2.7M shares for $212.9M during year-to-date period.