earnings
confidence high
sentiment positive
materiality 0.75
Texas Roadhouse Q3 revenue up 13.5%, EPS $1.26 vs $0.95; comp sales +8.5%
Texas Roadhouse, Inc.
2024-Q3 EPS reported
$4.74
revenue$3,935,418,000
- Q3 revenue $1.273B, net income $84.4M, diluted EPS $1.26 (up 32.5% YoY).
- Company restaurant comparable sales +8.5%; average weekly sales $149,176.
- Restaurant margin improved to 16.0% from 14.6% driven by higher sales and labor productivity.
- Plans to acquire 13 domestic franchise restaurants, targeted close at start of FY2025.
- 2025 outlook: capex ~$400M, store week growth ~5% incl. franchise acquisition, commodity inflation 2-3%.