secwatch.observer — SEC 8-K summary
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Issuer:     Texas Roadhouse, Inc. (TXRH)
CIK:        0001289460
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001104659-23-055995
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Roadhouse Q1 2023: Revenue up 18.9% to $1.17B, EPS $1.28 (+18.4%)
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- Total revenue $1.174B (+18.9% YoY); diluted EPS $1.28 (+18.4% from $1.08).
- Company comparable restaurant sales +12.9%; franchise comps +13.3%. Average weekly sales $148,437, to-go 12.8%.
- Restaurant margin $185.7M (+15.2%), but margin rate 15.9% (-53 bps) due to 8.9% commodity and 8.0% labor inflation.
- Opened 6 company restaurants and 1 international franchise; acquired 8 domestic franchise restaurants. Repurchased 92,751 shares for $9.6M.
- Q2-to-date comps +8.6%; menu price increase of ~2.2% in late March. 2023 outlook reaffirmed: 25-30 company openings, capex ~$265M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289460/000110465923055995/0001104659-23-055995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289460/000110465923055995/tm2314614d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055995

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