Texas Roadhouse Q2 EPS $1.79 (+46.4% YoY); comp sales +9.3%; raises guidance

Texas Roadhouse, Inc.

2024-Q2 EPS reported $3.48 revenue$2,662,419,000

Revenue $1.34B (+14.5% YoY); diluted EPS $1.79 vs $1.22, +46.4%.
Company comparable restaurant sales +9.3%; to-go avg weekly $19,975.
Restaurant margin $242.6M (+32.7%); margin rate 18.2% vs 15.7%.
Opened 6 company and 3 franchise restaurants in Q2; 760+ system-wide.
Updated 2024 guidance: commodity inflation ~2%, capex $360-370M; Q3 4wk comp +8.0%.

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