Fri, May 9, 1:03 PM (7 days ago)
Texas Roadhouse, Inc. (TXRH) reported a strong quarterly performance for the period ending April 1, 2025. The company's total revenue increased by 9.6% to $1,447.6 million, driven by a 7.1% increase in store weeks and a 3.5% increase in comparable restaurant sales. This growth was primarily due to higher per-person average checks and increased guest traffic. Key financial metrics include: - **Revenue**: $1,447.6 million, up 9.6% from the previous year. - **Net Income**: $113.7 million, a slight increase of 0.4%. - **Earnings per Share (EPS)**: $1.70, up 1.0% from $1.69. - **Restaurant Margin**: $239.3 million, up 4.7% but down to 16.6% as a percentage of sales due to commodity and labor inflation. The company's cash flow from operations was $237.7 million, slightly down from $243.4 million in the previous year, primarily due to changes in working capital. Capital expenditures totaled $77.4 million, with significant investments in new store openings and franchise acquisitions. Texas Roadhouse continued its share repurchase program, spending $50.2 million to repurchase 281,091 shares. The company also declared a quarterly dividend of $0.68 per share, totaling $45.2 million. The company's liquidity remains strong, with $296.8 million available under its revolving credit facility. Texas Roadhouse entered into a new credit agreement on April 24, 2025, increasing its borrowing capacity to $450.0 million. Future operations are expected to focus on continued store growth, with an anticipated 5% increase in store weeks and capital expenditures of approximately $400 million. The company anticipates commodity inflation of around 4% and labor cost pressures of 4-5%. Overall, Texas Roadhouse demonstrated robust financial health and strategic growth, positioning itself well for future operations despite inflationary pressures.